International Trade Today is providing readers with the top stories from last week in case they were missed. All articles can be found by searching on the titles or by clicking on the hyperlinked reference number.
Customs modernization legislation should not just offer new tools for CBP to stop unlawful trade is the argument from the U.S. Chamber of Commerce and a dozen other groups involved in importing and exporting. The groups have 18 asks, laid out in a detailed five-page paper they sent to the leaders of the committees that will shape the bill.
CBP issued the following releases on commercial trade and related matters:
The International Trade Commission recently released Revision 6 to the 2023 Harmonized Tariff Schedule, which added subheading 9903.88.68. The subheading extends exclusions for a variety of medical products from 7.5% and 25% Section 301 tariffs under subheadings 9903.88.01, 9903.88.02, 9903.88.03, and 9903.88.15 if entered between June 1 and October 1, 2023, as announced by the U.S. Trade Representative in May (see 2305120054).
Hybrid hydraulic floor jacks are eligible for exclusion from Section 301 duties under Harmonized Tariff Schedule secondary subheading 9903.88.46, CBP headquarters ruled in a recently released ruling. CBP said that the ruling came in response to an application for further review from Costco regarding the applicability of Section 301 tariffs on its imported Arcan 3-ton Professional Grade Hybrid Service Jacks.
The following lawsuits were filed at the Court of International Trade during the weeks of May 15-21 and 22-28:
The high-profile House Select Committee on China is recommending that the de minimis threshold of $800 be reduced "with particular focus on foreign adversaries including the PRC."
International Trade Today is providing readers with the top stories from last week in case they were missed. All articles can be found by searching on the titles or by clicking on the hyperlinked reference number.
The leaders of the House Foreign Affairs Subcommittee on the Indo-Pacific are trying to pass legislation to give the president the ability to respond to economic coercion of allies, but Chair Young Kim, R-Calif., asked witnesses at a subcommittee hearing she convened to advise what else could be done to stand up to China's economic aggression.
Although experts gathered to talk about what legislative initiatives a House select committee on China might recommend, and they did that, they couldn't resist speculating about what the Biden administration will do to confront China's broken promises to liberalize and open up. The program, organized by the Washington International Trade Association, was held May 19.