House Ways and Means Trade Subcommittee Chairman Adrian Smith, R-Neb., wrote that in order to make sure the "strong trade deals" the president has negotiated with Europe, Malaysia, Japan and others last past 2028, Congress must codify those agreements.
Nine legislative days before three trade preference programs expire, Senate Finance Committee Chairman Mike Crapo, R-Idaho, said both he and House Ways and Means Committee Chairman Jason Smith, R-Mo., are working to make sure the tariff breaks for these developing countries continue past Sept. 30.
The Court of International Trade on July 18 granted the government's motion for default judgment against importer Rayson Global and its owner Doris Cheng for negligently failing to pay ordinary, Section 301 and antidumping duties on its innerspring entries. Judge Timothy Stanceu granted the motion, after previously rejecting it for insufficiently pleaded facts, ordering Rayson and Cheng to pay a nearly $3.4 million penalty and all unpaid duties, taxes and cash deposits on the unliquidated entries in the case (U.S. v. Rayson Global, Inc. and Doris Cheng, CIT # 23-00201).
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.
Senate Finance Committee Chairman Mike Crapo, R-Idaho, wanted to include trade items in the bill that extends and expands Trump income tax cuts, according to a lobbyist on trade matters.
Five senators, both Republicans and Democrats, asked Jamieson Greer, then the U.S. trade representative nominee, to advocate for a formal exclusion process to tariffs, as was done for the Section 301 tariffs in Trump's first term. These written exchanges were recently posted at the Senate Finance Committee website, long after Greer's confirmation vote.
Only 13 hours after reciprocal tariffs of 11% to 84% began, President Donald Trump said he is pausing the higher country-specific tariffs for 90 days -- except for China, whose total emergency tariff will go from 104% to 125%, according to a White House spokesperson. The baseline additional 10% tariff -- which applies to nearly all countries, but not Mexico and Canada -- remains in place.
Nearly 750 organizations and businesses gave input to the administration on trade barriers or subsidies that prevent them from reaching their sales potential.
The Alliance for Chemical Distribution asked the Trump administration to support a renewal of the Generalized System of Preferences benefits program in Congress. The GSP program has been expired for more than four years.
CBP has released its Feb. 19 Customs Bulletin (Vol. 59, No. 8), which includes the following ruling actions: