Sen. Bob Menendez, D-N.J., introduced a bill with 12 Democratic Finance Committee co-sponsors, to establish an inspector general at the Office of the U.S. Trade Representative. The bill, introduced Aug. 6, would require the president to appoint an IG within 120 days of passage. A companion bill is expected to be introduced Aug. 7 in the House of Representatives by Rep. Bill Pascrell, D-N.J. In a press release, Pascrell said, “Sunlight remains the ultimate disinfectant, and that is especially true when it comes to our trade policy. Our nation’s trade policies impact virtually every aspect of our economy and so Americans deserve to know that they are being formulated free of tainting influences and double-dealing. The opaqueness and outright corruption of Trump’s regime has revealed the need for a watchdog in all corners of our government. Our bill will ensure our trade policy will not be wielded for personal or political gain.” The bill says that within 180 days, the IG is to begin an audit of the process of granting Section 301 exclusions for Chinese goods.
International Trade Today is providing readers with some of the top stories from July 27-31 in case they were missed. All articles can be found by searching on the titles or by clicking on the hyperlinked reference number.
The International Trade Commission recently issued several revisions to the Harmonized Tariff Schedule to implement new and amended Section 301 exclusions and complete its July 1 implementation of USMCA. Most recently, in Revision 17, issued July 28, the ITC implemented a new round of exclusions from list 4 Section 301 tariffs under U.S. Note 20(fff) to subchapter III of Chapter 99, and new subheading 9903.88.53 (see 2007210026). The ITC also amended tariff numbers listed for some exclusions in U.S. Note 20(ddd).
International Trade Today is providing readers with some of the top stories from July 20-24 in case they were missed. All articles can be found by searching on the titles or by clicking on the hyperlinked reference number.
An importer has filed suit at the Court of International Trade seeking refunds on Section 301 tariffs based on exclusions issued after the relevant entries liquidated. Trebbianno, which does business as Showroom 35, seeks refunds of $270,040.90 in duties it paid on its imports of handbags, wallets and purses that were subsequently included under retroactive exclusions issued by the Office of the U.S. Trade Representative.
Rep. Kevin Brady, R-Texas, the ranking member on the Ways and Means Committee, said that incentives to move medicines, active pharmaceutical ingredients and medical supply manufacturing out of China and to the U.S. and “reliable trade partners” is something House Republicans would like to see as part of the next COVID-19 relief package.
International Trade Today is providing readers with some of the top stories from July 13-17 in case they were missed.
The International Trade Commission is asking for an additional $2.75 million over its current funding level of $99.4 million because of the demands of high levels of antidumping and Section 337 investigations, and the requirement to do an investigation on “whether the U.S. long-haul trucking industry is materially harmed by an increase in cross-border trucking services provided by Mexican suppliers.” That investigation is part of USMCA implementation.
International Trade Today is providing readers with some of the top stories from July 6-10 in case they were missed.
2020 outpaced even the active 2019 in terms of the frequency of Harmonized Tariff Schedule updates. Most of the updates implemented new Section 301 exclusions and changes and extensions for existing ones. Other major changes included new Section 232 tariffs on steel and aluminum "derivatives" and the withdrawal of Generalized System of Preferences benefits for many goods from Thailand In all, 13 revisions were issued prior to the mid-year Revision 14, as follows: