CBP released a notice outlining refund procedures to implement President Donald Trump’s April 29 executive order on tariff stacking. The notice says that, beginning May 16, importers may request refunds on entries on or after March 4 by way of a post-summary correction for unliquidated entries or a protest for entries that have been liquidated but where the protest period hasn’t expired.
Goods loaded onto feeder vessels before reciprocal tariffs took effect, but transferred to another vessel after, aren’t eligible for an exemption from the tariffs for in-transit goods, CBP said in an update to a FAQ May 15.
CBP released a notice outlining refund procedures to implement President Donald Trump’s April 29 executive order on tariff stacking. The notice says that, beginning May 16, importers may request refunds on entries on or after March 4 by way of a post-summary correction for unliquidated entries or a protest for entries that have been liquidated but where the protest period hasn’t expired.
The Court of International Trade on May 15 held that a product is "imported" for duty drawback purposes when it's admitted into a foreign trade zone and not when entered for domestic consumption. Judge Timothy Reif said the definition of "importation" found in both the dictionary and Supreme Court rulings distinguishes "importation" and "entry." The judge added that when Congress passed the current drawback statute, it specifically decided the five-year period to make a drawback claim runs from the date of importation and not the date of entry. As a result, the court dismissed importer King Maker Marketing's case challenging CBP's rejection of its substitution unused merchandise drawback claims for being untimely.
Goods loaded onto feeder vessels before reciprocal tariffs took effect, but transferred to another vessel after, aren’t eligible for an exemption from the tariffs for in-transit goods, said CBP in an update to a FAQ May 15.
House Ways and Means Chairman Jason Smith, R-Mo., said that once the tax bill passes -- which he is expecting to happen by July 4 -- his top priority will be turning to trade.
The U.K. should be wary of language in the recently announced trade framework with the U.S. (see 2505090006) that calls on Britain to comply with certain supply chain security requirements, which they said the U.S. could use to pressure the U.K. in its trading relationship with China, the U.K. Parliament heard from witnesses this week.
Thea Lee, head of the Bureau of International Labor Affairs during the Biden administration, complained that the tariff approach of the Trump administration ignores forced labor, and that the Department of Government Efficiency ended all the programs ILAB funded around the world. Those programs aimed to convince local societies to end child labor, to help foreign countries improve working conditions, and they funded research on the best ways to achieve these goals. The grants totaled more than $575 million, and some were scheduled to run through 2026, 2027 or 2028.
CBP has added several new enhancements, detailed in its May ACE Development and Deployment Schedule, that seek to facilitate the input of tariff-related data into ACE.
Given the fast-evolving trade dynamics in the U.S., some suppliers from China have been advising importers to take advantage of delivered duty paid terms -- which is bad advice and can get companies in trouble with CBP, customs consultant Tom Gould said during a May 13 webinar hosted by Revenue Vessel.