The following lawsuits were filed at the Court of International Trade during the week of July 26 - Aug. 1:
International Trade Today is providing readers with the top stories from July 26-30 in case they were missed. All articles can be found by searching on the titles or by clicking on the hyperlinked reference number.
At the height of the Section 301 exclusions, 10% of imports covered by the China tariffs were excluded, according to a new Government Accountability Office report, though that fell from 10% to 7% across 2020, as exclusions expired and were not extended. Overall, about $71 billion of imports avoided the tariffs, GAO estimated.
The following lawsuits were filed at the Court of International Trade during the week of July 19-25:
The following lawsuits were filed at the Court of International Trade during the week of July 12-18:
A PricewaterhouseCoopers trade and tax expert told an audience at the U.S. Fashion Industry Association Virtual Washington Trade Symposium that while the prospect of trade liberalization in the next few years is low, he does not think that threatened tariffs on apparel and other goods from European countries, Turkey and India will be levied in November, in retaliation for digital services taxes. Scott McCandless, who spoke July 14 at the virtual conference, said that although it will be "a complicated dance both internationally and domestically" to arrive at an agreement on the intertwined issues of minimum corporate taxes and digital services taxes, he thinks it's more likely than not that Congress will pass a tax bill this fall that would give countries the right to levy taxes on multinationals that do business in their countries. If that happens, he said, "The DSTs likely go away, and the proposed tariffs on countries that have DSTs will go away as well."
Revisions to the tariff schedule over the past six months echoed the back and forth between the U.S. and the European Union over retaliatory tariffs under both the Airbus and digital services tax disputes. Provisions for new tariffs were added then suspended, some immediately. Other changes include updates for USMCA tariff-rate quotas, a Section 301 exclusion extension and an extension to Section 201 safeguards on large residential washers.
Americans for Free Trade is urging the House to pass legislation that mirrors the Senate Trade Act of 2021, especially the language that asks the Office of the U.S. Trade Representative to reinstate the Section 301 exclusion process. CBP has collected more than $92 billion in tariffs on Chinese products since the trade war began, the business coalition “united against tariffs” said in a June 30 letter to House Speaker Nancy Pelosi, D-Calif., and Minority Leader Kevin McCarthy, R-Calif.
The following lawsuits were filed at the Court of International Trade during the week of June 21-27.
Rep. Kevin Brady of Texas, the top Republican on the House Ways and Means Committee, told reporters during a press conference June 24 that there's strong bipartisan support for bringing back expired Section 301 exclusions, and refunding the tariffs paid since they expired.