Former House Ways and Means Committee Chairman Dave Camp, who was a Republican representative from Michigan, told a think tank audience that the lame duck session of the current Congress is likely to be consumed with government funding negotiations, and that leadership is unlikely to put a vote on the Generalized System of Preferences benefits program on the calendar, no matter its logic, unless members of both legislative bodies actively lobby the leaders of his former committee and the Senate Finance Committee.
A former Trump administration trade official said he can't predict whether a global 10% or 20% tariff will be imposed early under a potential new Trump administration, or exactly how tariffs on Chinese goods might be hiked, but Akin partner Clete Willems said he's telling business people to take these ideas seriously, even if every proposed change doesn't come true.
CBP is setting new requirements for imports of ship-to-shore cranes pursuant to upcoming changes to Section 301 tariffs on the cranes recently announced by the Office of the U.S. Trade Representative, according to a Sept. 18 cargo systems message from the agency.
As the House Ways and Means Committee discusses moving toward a proposal closer to the Senate Finance Committee chairman's bill to restrict de minimis, the top Republican on the Finance Committee is not publicly opposing the core ideas of that bill -- removing apparel and footwear from eligibility from all countries, and not allowing goods subject to Section 301 tariffs to enter duty-free.
Economists at the Peterson Institute for International Economics said that if the U.S. were to move all Chinese imports into Column 2 of the tariff schedule, removing permanent normal trade relations status, it would increase inflation by four-tenths of a percent if China were to retaliate, and it would hurt manufacturing the most -- the area politicians most want to protect.
Sen. Rand Paul, R-Ky., introduced a bill that wouldn't allow tariffs to be hiked under Section 232, the International Emergency Economic Powers Act, Section 301 or any other customs and trade laws or trade agreements unless Congress passes that "new tax into law."
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When filing unused merchandise drawback claims, companies can select the unit of measure they want to use for calculating per unit averaging where two units of measure are provided on the entry summary, provided that companies keep two conditions, according to a recent CROSS ruling issued by CBP.
The administration rebranded two pending rulemaking processes and revived one that was abandoned in 2021 to address the compliance risks of de minimis shipments as well as shrink the volume of direct-to-consumer imports.
The Biden administration will issue a notice of proposed rulemaking to forbid all goods subject to major trade actions, including Section 301 tariffs, from de minimis entry, the White House announced. It will also issue a notice of proposed rulemaking to require information submissions for de minimis packages, including the 10-digit HTS code and the person receiving the goods.