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.
The chairman of the House Ways and Means Subcommittee on Trade said Nov. 8 that he’s “hopeful that there [are] some things we can do” on trade when Congress returns to Washington this month for its lame-duck session.
Proposed new tariffs will negatively affect American consumers, the American Apparel and Footwear Association said in a news release Nov. 6 reacting to the results of the U.S. presidential and congressional elections. President-elect Donald Trump says he will increase tariffs on goods coming into the country.
Officials from Squire Patton Boggs said that if Donald Trump returns to the presidency, a 10% tariff or higher on a vast swath of imports could come very quickly, but what wouldn't be subject to the tariffs is not yet clear.
The leading Democrat in efforts to restrict de minimis in the House of Representatives, Rep. Earl Blumenauer, D-Ore, has tried to restrict de minimis eligibility since the beginning of 2022, and has said that getting a bill passed is how he'd like to end his career in Congress (see 2402150060).
In the Sept. 18 Customs Bulletin (Vol. 58, No. 37), CBP published a proposal to revoke ruling letters concerning certain wheels and hubs for trucks and trailers and the applicability of the generalized system of preferences to incandescent string lights.
More than 25 agriculture groups asked the House Ways and Means and Senate Finance committees' leaders this week to renew the Generalized System of Preferences benefits program.
CBP has released its Sept. 18 Customs Bulletin (Vol. 58, No. 37), which includes the following ruling actions:
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.
China-dependent supply chains developed because of the demands of retailers to sell products at low price points, a panelist explained at the Commerce Department's first supply chain summit, but the company is working to change that.