Ending most favored nation status for Chinese imports -- as advocated for by the House Select Committee on China and some other China hawks in Congress -- would increase consumer prices for laptops and smart phones by more than $100, and cause purchases of those goods to fall sharply, according to a recent study commissioned by the Consumer Technology Association.
The Office of Foreign Assets Control on Jan. 18 updated guidance related to an expanded ban on imports of Russian seafood announced in December (see 2312220007). The update to OFAC’s frequently asked question adds several new tariff subheadings to the lists of tariff provisions for pollock and other seafood to which the ban may apply.
The Office of the U.S. Trade Representative is amending an exclusion from Section 301 tariffs to align it with recent changes to the relevant Harmonized Tariff Schedule subheading (see 2401020049). The change affects the exclusion under U.S Note 20(ttt)(iii)(27) to subchapter III of Chapter 99, which had covered goods of subheading 2929.90.5090 and now covers goods of subheading 2929.90.5095 for entries on or after Jan. 1.
After members of Congress were blindsided by the Office of the U.S. Trade Representative backing away from digital trade advocacy, they are taking no chances in spelling out their desire that the agency push for a continued moratorium on tariffs on digital goods. The World Trade Organization has renewed that moratorium since 1998, but some member countries want to start collecting duties on the sale of streaming movies, software as a service, and more.
The World Customs Organization is considering changes to the tariff nomenclature that underlies the Harmonized Tariff Schedule of the U.S. and over 200 other country tariff schedules around the world to potentially make classification easier and allow for more detail and accuracy in the identification of goods.
The following lawsuits were filed at the Court of International Trade during the week of Jan. 8-14:
The following lawsuits were filed at the Court of International Trade during the week of Jan. 1-7:
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.
CBP created Harmonized System Update (HSU) 2400 Jan. 5, containing 397 ABI records and 77 Harmonized Tariff Schedule records, as well as HSU 2401 on Jan. 8, containing 383 ABI records and 73 Harmonized Tariff Records. HSU 2400 and 2401 include the missing 2024 HTS updates that were part of the end of year 484(f) changes, CBP said in a CSMS message on Jan. 8.
CBP issued the following releases on commercial trade and related matters: