The Commerce Department issued its final determination in its countervailing duty investigation on high chrome cast iron grinding media from India (C-533-931). Suspension of liquidation is currently not in effect for entries on or after Feb. 1, 2025, and Commerce will only require cash deposits of estimated CVD on future entries if it issues a CVD order.
On April 28, the FDA posted new and revised versions of the following Import Alerts on the detention without physical examination of:
In its annual report on how foreign countries honor intellectual property protections, the Office of the U.S. Trade Representative added Mexico to its Priority Watch List of the worst offenders, while Argentina, China, India, Indonesia, Chile, Russia and Venezuela remain on the list from last year.
William Kimmitt, nominee for undersecretary of commerce for international trade, advanced out of the Senate Finance Committee on a party-line vote April 29.
CBP issued the following releases on commercial trade and related matters:
A listing of recent Commerce Department antidumping and countervailing duty messages posted on CBP's website April 28, 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 said in a Federal Register notice scheduled for April 30 publication that the quarterly Internal Revenue Service interest rates used to calculate interest on overdue accounts (underpayments) and refunds (overpayments) of customs duties will remain the same as for the previous quarter. For the calendar quarter that began April 1, the interest rates for underpayments will be 7% for both corporations and non-corporations. The interest rate for overpayments will be 7% for non-corporations and 6% for corporations.
The amount of net revenue coming from entry summary reviews for the first six months of FY 2025 has skyrocketed to a staggering $20.31 billion, well above the $667.55 million for all 12 months of FY 2024, according to trade statistics data last updated by CBP on April 25.
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President Donald Trump issued an executive order April 29 exempting all goods "subject to" International Emergency Economic Powers Act tariffs on Canada and Mexico from Section 232 tariffs on steel and aluminum.