CBP issued the following releases on commercial trade and related matters:
CBP has released its Sept. 10 Customs Bulletin (Vol. 59, No. 37), which includes the following ruling actions:
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.
Sureties that provide importers with customs bonds say that they're able to handle covering the potentially significantly higher amounts of duties that importers may owe because of tariff rate increases, according to two companies interviewed by International Trade Today.
The EU wasn't willing to gamble on a trade war, European Commission President Ursula von der Leyen said in her annual "State of the EU" speech.
Two Republican senators took to the Senate floor this week to reiterate their support for increasing sanctions on Russia to pressure it to end its war against Ukraine.
President Donald Trump posted on social media that he is "pleased to announce" that trade negotiations addressing trade barriers between India and the U.S. are continuing. He added: "I look forward to speaking with my very good friend, Prime Minister Modi, in the upcoming weeks. I feel certain that there will be no difficulty in coming to a successful conclusion for both of our Great Countries!"
Nike reached a settlement with importer City Ocean International and freight forwarder City Ocean Logistics in Nike's case against the companies for trademark counterfeiting, trademark infringement, false designation of origin, trademark dilution, importation of goods bearing infringing marks and violation of the Tariff Act. The terms of the settlement weren't disclosed, though Nike dismissed its complaint with prejudice, meaning it can't be refiled (Nike v. Eastern Ports Custom Brokers, D.N.J. # 2:11-04390).
The National Taxpayers Union, an anti-tax group, is arguing that House Republicans should not, for the third time, change the rules of the House to block a vote on the underlying emergencies that allowed the president to impose tariffs under the International Emergency Economic Powers Act.
In the Sept. 3 Customs Bulletin (Vol. 59, No. 36), CBP published proposals to modify and revoke ruling letters concerning the tariff classifications of certain vehicles for the transport of goods.