New economic research shows that universal tariffs will not be an effective revenue source for the U.S. government, economists with the Peterson Institute for International Economics said during an event April 30.
The Court of International Trade on May 2 held that importer BASF's fish oil ethyl ester concentrates "maintain the essence of fish" and are thus "extracts of fish" under Harmonized Tariff Schedule heading 1603 and not "food preparations" under heading 2106.
The following lawsuits were filed at the Court of International Trade during the weeks of March 17-23, March 23-30, March 31 - April 6, April 7-13, April 14-20 and April 21-27:
With so much uncertainty occurring with U.S. import regulations, companies should develop multiple strategies that address potentially different tariff outcomes, with some strategies being deployed in the short-term and others being deployed further down the road as the geopolitical situation becomes more clear, according to trade experts with professional services firm KPMG.
Starting April 23, the Animal and Plant Health Inspection Service will allow the importation of fresh rhizomes of wasabi (Eutrema japonicum) from Indonesia, it said in a notice.
The Court of International Trade cannot order the reliquidation of finally liquidated entries except where a protest has been filed or a civil action has been filed challenging an antidumping duty or countervailing duty determination, the U.S. Court of Appeals for the Federal Circuit held on April 21. Judges Richard Taranto and Raymond Chen held that the statute, 19 U.S.C. 1514, doesn't let the trade court order reliquidation based on equitable considerations.
The three judges assigned to the case challenging President Donald Trump's use of the International Emergency Economic Powers Act -- Jane Restani, Gary Katzmann and Timothy Reif -- may be poised to rein in the administration's use of the act to impose tariffs, various attorneys told us. Based on their prior jurisprudence and professional backgrounds, the attorneys said, it seems likely the trio may pare back Trump's tariff-setting authority, though it's ultimately unclear to what extent.
USDA's Foreign Agricultural Service will impose an additional safeguard duty on certain sugars, syrups and molasses that fall under the Uruguay Round Agreements Act, it said in a Federal Register notice.
CHANDLER, Ariz. -- The National Customs Brokers & Forwarders Association of America could help organize a class-action lawsuit against ocean carriers if enough of its members and other non-vessel operating common carriers (NVOCC) say they're unfairly being refused service contracts, industry officials said at the NCBFAA’s annual meeting.
The Senate Finance Committee held a confirmation hearing on April 10 for William Kimmitt to serve as undersecretary of commerce for international trade. In this role, Kimmitt would lead the International Trade Administration, the wing of the Commerce Department tasked with enforcing antidumping and countervailing duty laws.