USDA's Commodity Credit Corporation announced Jan. 11 that Special Import Quota #13 for upland cotton will be established Jan. 18, allowing importation of 6,199,761 kilograms (28,475 bales) of upland cotton, the same as the previous quota period. The quota will apply to upland cotton purchased not later than April 16, 2024, and entered into the U.S. by July 15, 2024. The quota is equivalent to one week's consumption of cotton by domestic mills at the seasonally adjusted average rate for the September through November 2023 period, the most recent three months for which data is available.
India and the U.S. should aim for "economically meaningful outcomes" from better customs and trade facilitation, supply chain linkages, trade in high-tech products and trade in critical minerals between the two countries, India's commerce minister and U.S. Trade Representative Katherine Tai said in a joint statement.
A listing of recent Commerce Department antidumping and countervailing duty messages posted on CBP's website Jan. 10, along with the case number(s) and CBP message number, is provided below. The messages are available by searching for the listed CBP message number at CBP's ADCVD Search page.
A listing of recent Commerce Department antidumping and countervailing duty messages posted on CBP's website Jan. 10, along with the case number(s) and CBP message number, is provided below. The messages are available by searching for the listed CBP message number at CBP's ADCVD Search page.
CBP issued the following releases on commercial trade and related matters:
Allowing the financing companies that own leased vehicles to claim tax credits irrespective of where electric vehicles and their batteries were made, and lengthening the timeline to cut China out of battery and critical mineral supply chains, runs contrary to the Inflation Reduction Act, argued Senate Energy and Natural Resources Committee Chairman Joe Manchin, and the ranking member of the committee, Sen. John Barrasso, R-Wyo.
The shorter time frame for filing type 86 entries announced by CBP Jan. 12 is likely intended to allow the agency to target de minimis shipments in advance and give it more time to complete its targeting processes, said customs brokers asked about the policy change.
CBP will require type 86 entries to be filed “upon or prior to arrival” of the shipment beginning Feb. 15, it said in a notice modifying its Entry Type 86 test. The change from the current requirement, which is within 15 days of arrival of the cargo, is intended to address “enforcement challenges surrounding low-value shipments entered” via type 86, CBP said. The notice also “clarifies the consequences of misconduct” by participants in the pilot, including potential ineligibility for type 86 entry filing, the agency said.
McLarty Associates co-founder Nelson Cunningham has been nominated to replace Jayme White as deputy U.S. trade representative. White was responsible for negotiations in the Western Hemisphere, Europe and the Middle East, and also had some labor and environmental issues in his portfolio.
U.S. Chamber of Commerce CEO Suzanne Clark criticized the Biden administration for not only choosing to avoid tariff liberalizing trade negotiations, but also for walking away from long-time positions on digital trade provisions. Clark, who was speaking at a press conference after the Chamber's annual State of American Business event, declined to say whether a second Donald Trump administration or another term of Joe Biden would be worse on trade.