China announced that it is "firmly opposed" to both the U.S. decision to open a new Section 301 investigation on allegedly unfair practices in China's maritime, logistics and shipbuilding sectors (see 2404170029) and President Joe Biden's call for a "tripling" of the existing Section 301 tariffs on Chinese steel and aluminum (see 2404170040).
After October's deadline passed without an agreement between the U.S. and the EU on a global trade deal for steel and aluminum (see 2404040034), talks are still ongoing, the European Commission’s top trade official said during a news conference April 18.
The Bureau of Industry and Security sent a final rule for interagency review that could make changes to the exclusion process for Section 232 steel and aluminum tariffs. BIS sent the rule to the Office of Information and Regulatory Affairs Feb. 15, about six months after it published proposed changes aimed at improving the accuracy and efficiency of exclusion requests and objections (see 2308250035).
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 will on Feb. 15 begin deactivating some Section 232 exclusions when they reach 95% of capacity, addressing concerns in a recent Government Accountability Office report that duties were going unpaid because the agency was letting importers exceed their exclusion limits (see 2307210064).