San Francisco-based Caspian, an ABI software vendor and licensed customs broker, is officially launching its AI-informed advisory services for duty drawback and tariff refund processing, according to a recent announcement. The company, which bills itself as "an AI-driven customs compliance startup," says its tools are able to analyze companies' international shipping records and inventory data to find eligible duty refunds that can be submitted as claims within days. Because Caspian is approved by CBP as a tech provider and customs broker, it says it can file claims with CBP on behalf of clients or in support of others' existing trade advisory work.
The American Association of Port Authorities is asking appropriators to restore Harbor Maintenance Trust Fund spending to ports that have traditionally collected more harbor maintenance taxes than they have gotten in projects, and to return to a program of spending on emerging harbors, as laid out in the Water Resources Development Act (WRDA) of 2020. The letter also was signed by port directors around the country.
Now that the White House appears to have given more direction on its trade and tariff actions, more companies may transition from a wait-and-see approach to more specific courses of action, trade experts with KPMG said during a July 31 webinar on tariffs and trade complexities.
The National Foreign Trade Council responded to the U.S. hikes in tariffs Aug. 1 (see 2507310081) by saying that agreements to remove some trade barriers are encouraging but "a great deal of work remains to be done to make sure they deliver on those promises and to accelerate efforts to remove discriminatory measures that were not part of those initial understandings.
Way2Go Cargo, a Florida-based freight forwarder, has accused two people who were affiliated with the company of violating the Shipping Act by running a competing business without obtaining a required license from the Federal Maritime Commission, according to a complaint filed with the FMC July 25.
Multiple countries said they're still assessing the impact of the new U.S. tariffs that took effect Aug. 1 (see 2507310081), although some that agreed to deals, including the EU and South Korea, said they now have more stability for their industries.
The International Trade Commission published notices in the Aug. 1 Federal Register on the following antidumping and countervailing duty (AD/CVD) injury, Section 337 patent or other trade proceedings (any notices that warrant a more detailed summary will be in another ITT article):
The Commerce Department published notices in the Federal Register Aug. 1 on the following antidumping and countervailing duty (AD/CVD) proceedings (any notices that announce changes to AD/CVD rates, scope, affected firms or effective dates will be detailed in another ITT article):
The Commerce Department has released the preliminary results of its antidumping duty administrative review on carbon and alloy steel wire rod from South Korea (A-580-891), calculating a 0.51% AD rate for POSCO and its affiliated company POSCO International Corporation. If the agency's finding is continued in the final results, importers of subject merchandise from POSCO entered between May 1, 2023, and April 30, 2024, will be assessed AD at importer-specific rates.
The Commerce Department released the final results of the antidumping duty administrative review on carbon and certain alloy steel wire rod from Mexico (A-201-830). These final results will be used to set final assessments of AD on importers for subject merchandise from companies under review entered October 2022 through September 2023.