The Foreign-Trade Zones Board issued the following notices Aug. 13:
Bills recently introduced in the House and Senate would expand information sharing for merchandise that CBP has a “reasonable suspicion” is counterfeit. The bill would allow CBP to share “packing and shipping information” with intellectual property rights holders, according to an Aug. 8 news release from Sens. Chuck Grassley, R-Iowa, and Maggie Hassan, D-N.H., who reintroduced the Senate version.
Asking other countries to open their markets to more exports from the U.S. is causing significant changes to how countries have historically conducted trade, according to speakers on Gibson Dunn's Aug. 8 webinar "U.S. Trade Policy: Navigating Uncharted Waters."
Treasury Secretary Scott Bessent urged the Group of Seven nations to follow the U.S. in imposing secondary tariffs on countries that continue to buy Russian oil, including possibly China.
Treasury Secretary Scott Bessent said that wrapping up remaining trade deals by October is "aspirational" in part because India has been "recalcitrant" during trade negotiations.
The following lawsuits were filed at the Court of International Trade during the week of Aug. 4-10:
The U.S. Court of Appeals for the Federal Circuit will likely rule against the Trump administration in the lead case on the legality of tariffs imposed under the International Emergency Economic Powers Act, though it's unclear under what exact rationale the court will do so, said Peter Harrell, a former National Security Council official during the Biden administration.
CBP issued the following releases on commercial trade and related matters:
A listing of recent Commerce Department antidumping and countervailing duty messages posted on CBP's website Aug. 12, along with the case number(s) and CBP message number, is provided below. The messages are available by searching for the listed CBP message number at CBP's ADCVD Search page.
Net revenue recovered from entry summary reviews totals $25.6 billion for the fiscal year as of June 30, well above net revenue of $256.3 million and $667.6 million for FY 2023 and 2024, respectively, according to recent CBP data.