International Trade Today is providing readers with the top stories from last week in case they were missed. All articles can be found by searching on the titles or by clicking on the hyperlinked reference number.
Ending most favored nation status for Chinese imports -- as advocated for by the House Select Committee on China and some other China hawks in Congress -- would increase consumer prices for laptops and smart phones by more than $100, and cause purchases of those goods to fall sharply, according to a recent study commissioned by the Consumer Technology Association.
The Office of the U.S. Trade Representative is amending an exclusion from Section 301 tariffs to align it with recent changes to the relevant Harmonized Tariff Schedule subheading (see 2401020049). The change affects the exclusion under U.S Note 20(ttt)(iii)(27) to subchapter III of Chapter 99, which had covered goods of subheading 2929.90.5090 and now covers goods of subheading 2929.90.5095 for entries on or after Jan. 1.
U.S. Trade Representative Katherine Tai says that her agency and Congress "will need to work closely together" to address the fact that "existing rules of origin have left openings" for Chinese firms with operations outside China to avoid Section 301 tariffs and, depending where the operations occur, benefit from free trade agreements.
The following lawsuits were filed at the Court of International Trade during the week of Jan. 8-14:
International Trade Today is providing readers with the top stories from last week in case they were missed. All articles can be found by searching on the titles or by clicking on the hyperlinked reference number.
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.
House Ways and Means Committee Trade Subcommittee Chairman Adrian Smith, R-Neb., said he thinks the chances are good for renewing the Generalized System of Preferences benefits program in 2024, due to bipartisan interest in the legislation. "A lot of members have examples from their district of why we need GSP." He added that a three-year lapse of the benefit program is "inexcusable."
The following lawsuits were filed at the Court of International Trade during the week of Jan. 1-7:
Sen. Sherrod Brown, D-Ohio, who warned the White House that reducing the scope of the Section 301 tariff list or reducing tariff levels "could undermine efforts to shore up our domestic manufacturing and supply chains," said he doesn't know the details of what products might leave the target list if the White House hikes tariffs on electric vehicles or their batteries.