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.
CBP issued the following releases on commercial trade and related matters:
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.
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.
The Office of the U.S. Trade Representative said that since Turkey agreed to remove its digital services taxes before the international tax agreement takes effect, "the United States will terminate the currently-suspended additional duties on goods of Turkey that had been adopted in the DST Section 301 investigation." The goods that could have been targeted with additional 25% tariffs were in 32 subheadings, and there was more than $300 million worth of the products imported from Turkey in 2019 (see 2106020047).
At a hearing on supply chain challenges, the committee chairman described deregulation and disinvestment as two root causes, panelists cited overregulation and labor shortages, and there was intense disagreement between the parties on whether the surge in demand for imports was the result of foolish policy or wise economic support for households during the pandemic.
The China package passed by the Senate -- which includes instructions to reopen Section 301 tariff exclusion applications, and a renewal of both the Generalized System of Preferences benefits program and the Miscellaneous Tariff Bill -- will go to a conference committee to reconcile the Senate bill with various pieces of House legislation, one of which changes the burden of proof on goods from Xinjiang. None of the House bills touches on tariffs, and none offers funding for chipmakers, a centerpiece of the Senate bill. Senate Majority Leader Chuck Schumer, D-N.Y. had earlier planned to attach the China package to the must-past National Defense Authorization Act, but after Republican opposition, they decided this was a better way to get the House-Senate talks going.
The Office of the U.S. Trade Representative posted a list on its website of the 18 Section 301 tariff exclusions for COVID treatment products that are set to expire Nov. 30 (see 2111100037).