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.
President Joe Biden on April 17 called for a “tripling” of Section 301 tariffs on Chinese steel and aluminum, urging the Office of the U.S. Trade Representative to “consider” the increase from the current average 7.5% rate in its ongoing review of Section 301 tariffs.
The following lawsuits were filed at the Court of International Trade during the week of April 8-14:
The House Ways and Means Committee is set on April 17 to consider several just-introduced trade bills, including a retroactive extension of the Generalized System of Preferences benefits program, new restrictions on de minimis and restrictions on electric vehicle tax credits.
CBP issued the following releases on commercial trade and related matters:
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.
Five senators, from both parties, want to end the 15% tariff on titanium sponge for most favored nations, and introduced a bill to change the tariff line.
House Select Committee on China Chairman Mike Gallagher, R-Wis., and ranking member Raja Krishnamoorthi, D-Ill., asked Homeland Security Investigations to look into whether a surge in drone imports from Malaysia is due to transshipment from China, and asked the administration to hike tariffs on Chinese unmanned aerial vehicles, either by increasing Section 301 tariffs on the product, by initiating an antidumping/countervailing duty investigation, and/or opening a Section 232 investigation.
A House member who is running for the Senate in Indiana asked the Commerce Department to initiate an investigation on the import of electric vehicles and electric vehicle batteries made anywhere in the world.
Ten senators have introduced a bill to require that the administration reinstate 25% tariffs on Mexican steel imports for at least one year, because they say that Mexico is not honoring the 2019 agreement that lifted Section 232 tariffs on Mexico and Canada. A companion bill was also introduced in the House.