CBP issued the following releases on commercial trade and related matters:
Sen. Rand Paul, R-Ky., introduced a bill that wouldn't allow tariffs to be hiked under Section 232, the International Emergency Economic Powers Act, Section 301 or any other customs and trade laws or trade agreements unless Congress passes that "new tax into law."
CBP issued the following releases on commercial trade and related matters:
CBP issued the following releases on commercial trade and related matters:
Sen. Sherrod Brown, D-Ohio, and Pennsylvania's two senators asked the government to lower the Section 232 quota for South Korean oil country tubular goods, as was done during the coronavirus pandemic.
The Bureau of Industry and Security is extending a public comment period for an information collection involving Section 232 investigation requests. BIS said that, after receiving a request, it investigates the “effects of imports of specific commodities” on U.S. national security, including by distributing surveys, and may provide those findings to the president for possible adjustments to import tariffs. The collection helps BIS “account for the public burden associated with the surveys distributed to determine the impact on national security.” The agency had requested public comments in April and is now allowing for another 30 days of comments.
Canada will soon impose a 100% import tariff on all Chinese-made electric vehicles and a 25% tariff on certain Chinese steel and aluminum products, moves that will protect its auto industry from what it said are Beijing’s “unfair, non-market policies and practices.”
Princeton University professor Aaron Friedberg, who serves on the U.S.-China Economic and Security Review Commission, says his recent Foreign Affairs essay on addressing Chinese exporting ambitions is an effort to put forward a vision of what "we want the global economy to actually look like," something he says has been missing in the piecemeal efforts of Section 301 tariffs, EU trade defenses and anti-coercion instruments and other reactions to Chinese nonmarket overcapacity.
The following lawsuits were filed at the Court of International Trade during the week of Aug. 5-11:
Senate Finance Committee Chairman Ron Wyden, D-Ore., is sharing draft text with the trade of a bill that would remove goods subject to Section 301 tariffs from the de minimis entry lane, along with any categories deemed "import sensitive" in the Generalized System of Preferences benefits program legislation.