China dominates in rare-earths magnet production, which is a threat to U.S. national security, the Commerce Department concluded, but the president will not be authorizing tariffs to bolster a nascent domestic rare-earths magnet industry.
A group of domestic steel manufacturers doesn't have the right to intervene in a spate of challenges to denied requests for exclusions from Section 232 steel and aluminum tariffs, the U.S. Court of Appeals for the Federal Circuit ruled in a Sept. 8 opinion. Ruling against the Court of International Trade's opinion that the would-be intervenors did not establish standing, Judges Kimberly Moore and Todd Hughes ultimately found that the interveners nevertheless failed to identify a legally protectable interest to qualify as intervenors under the trade court's rules.
An economist and a former assistant U.S. trade representative for trade policy and economics agreed that rolling back the Section 301 tariffs on Chinese imports would be modestly helpful to fight inflation, but that it wouldn't be noticeable to many consumers. Ed Gresser, the former assistant USTR now at the Progressive Policy Institute, a Washington think tank, said that he thinks the administration's talk that the best way to refine the Trump-era tariffs is to roll back those on consumer goods is misguided. "The effect there has been to shift a lot of purchasing to Vietnam, a little bit to Mexico and a little bit to India," he said, so he doesn't think inflation would change much if those tariffs are dialed back. He said the more inflationary part of the tariffs is the 25% tariffs on industrial inputs.
The following lawsuits were filed at the Court of International Trade during the weeks of Aug. 15-21 and 22-28:
Some companies said in recently submitted comments they used to benefit from Section 232 tariffs but no longer do. Others said they previously were able to mitigate the cost impact of Section 301 tariffs through exclusions, finding other suppliers or other trade benefits but can't anymore.
CBP created Harmonized System Update (HSU) 2223 Aug. 12, containing 1,062 ABI records and 196 Harmonized Tariff Schedule records. The changes involve updates to United Kingdom aluminum tariff rate quotas, it said in a CSMS message.
The following lawsuits were filed at the Court of International Trade during the week of Aug. 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.
The Court of International Trade in an Aug. 1 order granted a joint motion for stipulated judgment, granting refunds to importer Transpacific Steel for Section 232 steel and aluminum duties paid in error. The importer was originally granted three exclusions with the wrong Harmonized Tariff Schedule subheading listed in them. After having its resubmitted exclusion requests denied, Transpacific took to the trade court to seek the exclusions and refunds for the Section 232 duties paid. It received just that following a settlement with the U.S. (Transpacific Steel v. United States, CIT #21-00362).
Commerce Secretary Gina Raimondo acknowledged that lifting Section 301 tariffs is one of the few levers the White House has to lower inflation right now, but implied that President Joe Biden is hesitating because unions are arguing it would hurt workers.