House Ways and Means Committee Trade Subcommittee Chairman Adrian Smith, R-Neb., said he thinks the chances are good for renewing the Generalized System of Preferences benefits program in 2024, due to bipartisan interest in the legislation. "A lot of members have examples from their district of why we need GSP." He added that a three-year lapse of the benefit program is "inexcusable."
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.
Coalition for a Prosperous America, an organization that has been arguing that de minimis should only apply to gifts and goods brought by consumers as they return from abroad (see 2312140046), wants to kill the Customs Modernization Act of 2023, the bipartisan bill introduced in the Senate that would update CBP authorities in a number of areas (see 2312110048).
International Trade Today is providing readers with the top 20 stories published in 2023. All articles can be found by searching on the titles or by clicking on the hyperlinked reference numbers.
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.
Rep. Earl Blumenauer, D-Ore., the most prominent advocate for restricting de minimis in Congress, said he held an informal hearing in the hopes of building consensus with Republicans. No Republicans attended, but Rep. Don Beyer, a pro-trade Democrat who serves with Blumenauer on the House Ways and Means Trade Subcommittee, said in an interview after the hearing that he was swayed.
Congress should remove permanent normal trade relations status for China, but rather than move Chinese imports into Column 2, it should create a China-specific tariff schedule "that restores U.S. economic leverage to ensure that the [Chinese government] abides by its trade commitments and does not engage in coercive or other unfair trade practices and decreases U.S. reliance on [Chinese] imports in sectors important for national and economic security," the House Select Committee on China wrote as one of its dozens of legislative recommendations in its "Strategy to Win America's Economic Competition with the Chinese Communist Party." The report, released Dec. 12, also recommended:
National Customs Brokers and Forwarders Association of America President J.D. Gonzalez said the trade group thinks the Customs Modernization Act is heavily focused on enforcement, and the group is "a little disappointed" that some of the items that NCBFAA talked about with Sen. Bill Cassidy, R-La., didn't find their way into this bill.
The Customs Modernization bill introduced in the Senate allows CBP to access data from parties in the supply chain other than importers, allows those parties to update and amend their advance data, and authorizes a customs broker or importer of record to convert the pre-entry information into a certified entry filing.
A bipartisan Customs Modernization bill would allow CBP to use advance data to enforce customs laws, permit summary forfeiture of certain goods that infringe on intellectual property rights, and allow for streamlined disposition of detained de minimis packages, when CBP did not receive a response from the shipper.