It’s of the “utmost importance” that importers ensure their mailing addresses in ACE and Automated Clearinghouse (ACH) numbers are up to date as CBP begins processing refunds for entries during the recent lapse in the Generalized System of Preferences program, a CBP official said on CBP’s biweekly ACE call held April 26. CBP prefers that the information be updated electronically, as processing of paper requests may not happen until after refunds checks have been cut and mailed, which should happen for most filers by mid-July, the official said.
Benefits under the Generalized System of Preferences (GSP) mostly won't apply to goods subject to recently implemented tariffs on solar panels, washing machines, aluminum and steel, said CBP in on its website. President Donald Trump imposed new Section 201 safeguard tariffs on imports of large residential washers and solar cells and modules in January and Section 232 tariffs on steel and aluminum in March.
President Donald Trump told reporters April 24 that he wishes he could make a trade deal just with France, because trade with the European Union "has been unfair for a long time," but that his Cabinet is negotiating with the EU around the Section 232 tariffs on steel and aluminum. On NAFTA, Trump said, "NAFTA as you know is moving along. We're doing very nicely with NAFTA. We could make a deal very quickly, but I'm not sure that's in the best interest of the United States. We'll see what happens."
The U.S. asked China to end its import restrictions on scrap and asked it to consider less trade-restrictive measures at the World Trade Organization. The European Union began the discussion about China's actions on recycled materials, and received support from five other countries critical of the practice. Countries that send scrap to China have been complaining at the WTO for months (see 1708220009), and although it did not end up banning waste imports, the restrictions it did impose are having "a huge impact on the global recycling chain," South Korean representatives said at the WTO on April 20. These restrictions are separate from the 25 percent tariff China is levying on U.S. aluminum scrap in retaliation for the Section 232 tariffs. The Institute of Scrap Recycling Industries says that the U.S. exported $2.34 billion in aluminum scrap in 2017, and about half of those exports went to China.
International Trade Today is providing readers with some of the top stories for April 16-20 in case they were missed.
CBP will have the ability to grant up to 300 days to reject entry summaries that are subject to new or coming tariffs, CBP said in a CSMS message. CBP will allow for up to 300 days, "with supervisory approval," for "rejecting entry summaries subject to import measures under Sections 201 and 301 of the Trade Act of 1974, and Section 232 of the Trade Expansion Act of 1962," CBP said. CBP also extended the time period for rejecting antidumping/countervailing duty entry summaries to 300 days "with supervisory approval," it said.
The American Association of Port Authorities urged the U.S. trade representative to consider the economic impact of tariffs before implementing them. "While AAPA does not comment on specific trade sanctions, prior to implementing any trade remedies or sanctions, we urge you to carefully consider the negative impacts these actions would have on port and other trade-related American jobs nationwide, including the effects of likely retaliatory responses from our trading partners," the trade group wrote to Robert Lighthizer on April 19.
The Commerce Department has not been able to keep up with the flood of product exclusion submissions -- the steel exclusion requests numbered 3,979 as of April 19, but just 120 have been posted for comments. For aluminum, there have been 396 exclusion requests, and 26 posted. No new filing has been posted since April 13 for aluminum, but the agency posted 44 steel product exclusion requests just on April 20th.
The U.S. agreed on April 19 to enter consultations on its Section 232 tariffs on steel and aluminum with the European Union and India. The action follows its announcement April 17 that it would consult with China on the matter. In all cases, the U.S. says the tariffs are not safeguards, as the countries allege, and that they are not subject to World Trade Organization dispute settlement because they are matters of national security.
International Trade Today is providing readers with some of the top stories for April 9-13 in case they were missed.