The Trump administration's tariffs caused "a lot of damage to American consumers and business" and "we are no better off" after the phase one deal with China, House Ways and Means Trade Subcommittee Chairman Earl Blumenauer, D-Ore., said during a Dec. 2 roundtable with reporters. While not arguing that the Section 301 tariffs should be rolled back, he did say there should be an effort to "take them one by one and make some adjustments." He said there could be some Section 301 tariffs that could be changed without it being "politically toxic."
Section 301 (too broad)
The U.S. Chamber of Commerce objects to legislation meant to update antidumping and countervailing duty laws, it said in a letter to leadership of House Ways and Means Committee and its Trade Subcommittee. Soon after the Chamber sent its letter, lawmakers introduced the House version of the Eliminating Global Market Distortions to Protect American Jobs Act, the legislation that the Chamber has concerns about. "The Chamber opposes this bill, which has not been subject to the scrutiny and deliberation required for a complex, far-reaching measure amending U.S. AD/CVD laws," the Chamber said. "This major overhaul of U.S. trade laws could add to inflationary pressures by raising costs for a wide variety of goods, including many products sourced from U.S. allies and partners."
Maria Pagan, the nominee to lead the U.S. mission at the World Trade Organization, told Senate Finance Committee members that reforming the appellate body is a top priority because "Appellate Body overreaching has shielded China’s non-market practices and hurt the interest of U.S. workers and businesses." She said that appellate body rulings "undermined our ability to protect U.S. workers and businesses from those non-market practices."
International Trade Today is providing readers with the top stories from Nov. 22-26 in case they were missed. All articles can be found by searching on the titles or by clicking on the hyperlinked reference number.
The following lawsuits were filed at the Court of International Trade during the week of Nov. 22-28:
CBP created Harmonized System Update (HSU) 2113 Nov. 23, containing 2,552 Automated Broker Interface records and 619 Harmonized Tariff Schedule records, it said in a CSMS message. The update includes changes to reflect short-term and long-term extensions on exclusion from Section 301 tariffs for goods used in treating COVID-19 (see 2111100037). Eighteen COVID-19 exclusions that were extended through Nov. 30 will expire after that (see 2111170070). The update also includes changes related to reporting the country of origin for clock and watch parts (see 2111080028). CBP said it also recently created HSU 2112 with 124 ABI records and 27 HTS records.
The U.S. will not impose 25% tariffs on 26 tariff headings from India, which had about $119 million of exports to the U.S. in those categories in 2019, over India's digital services tax, the Office of the U.S. Trade Representative said Nov. 24.
CBP issued the following releases on commercial trade and related matters:
The following lawsuits were filed at the Court of International Trade during the week of Nov. 15-21:
International Trade Today is providing readers with the top stories from Nov. 15-19 in case they were missed. All articles can be found by searching on the titles or by clicking on the hyperlinked reference number.