Sen. Catherine Cortez Masto, D-Nev., and Sen. Dave McCormick, R-Pa., introduced a bill last week to direct the Office of the U.S. Trade Representative to prioritize convincing Canada and Mexico to institute a foreign investment review board similar to the Committee on Foreign Investment in the United States, or CFIUS.
Canadian Prime Minister Mark Carney, at the Council on Foreign Relations, emphasized that Canada is aware that its proximity to the U.S. is no longer so enviable, since U.S. economic strategy "has clearly changed, from the support for the multilateral system to a more transactional and managed bilateral trade and investment approach."
The Commerce Department published notices in the Federal Register Sept. 18 on the following antidumping and countervailing duty (AD/CVD) proceedings (any notices that announce changes to AD/CVD rates, scope, affected firms or effective dates will be detailed in another ITT article):
As the Commercial Customs Operations Advisory Committee winds down in its current iteration, both trade and government officials expressed hope for continuing their collaboration as CBP shifts the committee's focus more toward trade enforcement, according to comments made during the COAC's quarterly meeting on Sept. 17.
The Office of the U.S. Trade Representative is seeking views on how the USMCA is working, as the three participating countries begin a joint review of the pact in July 2026.
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 president of Mexico has introduced a bill increasing tariffs on goods from countries with which it does not have a free trade agreement, including China. The measure would bring most tariffs to a rate of 35%, with some as high as 50%.
Goods subject to International Emergency Economic Powers Act tariffs are eligible for refunds of those tariffs via post-importation claims under USMCA, provided that importers of record can submit a valid, substantiated claim under USMCA within one year of the date of importation, according to a Sept. 10 update to CBP's FAQ webpage on questions related to IEEPA.
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 Court of International Trade on Sept. 8 dismissed exporter Pipe & Piling Supplies' case against the 2022-23 administrative review of the antidumping duty order on large diameter welded pipe from Canada, for lack of subject-matter jurisdiction. Judge Jane Restani said the company failed to notify the other interested parties of its lawsuit as required by the USMCA, as required by 19 U.S.C. 1516a(g)(3)(B), adding that this requirement is a jurisdictional one.