No goods subject to special trade remedies -- 99.9% of which are subject to Section 301 tariffs -- would be able to enter as de minimis shipments under a proposed rule released by CBP Jan. 17.
No goods subject to special trade remedies would be able to enter de minimis -- which primarily affects goods subject to Section 301 tariffs -- under a proposed rule released by CBP Jan. 17.
Reps. Suzan DelBene, D-Wash., and Don Beyer, D-Va., reintroduced a bill that would remove the possibility of a president using the International Economic Emergency Powers Act to impose quotas or tariffs. Most lawyers think Trump would use IEEPA for a global tariff. The statute is currently used to impose sanctions on parties in Iran, Belarus, Burma, Ethiopia and dozens of other countries.
Scott Bessent, President-elect Donald Trump's nominee for treasury secretary, told the Senate Finance Committee that they should think about how tariffs will be deployed by thinking of three categories.
The following lawsuits were filed at the Court of International Trade during the weeks of Dec. 30 - Jan. 5 and Jan. 6-12:
Kevin Brady, who led the House Ways and Means Committee when Congress passed the Trump tax cut package, told reporters that Washington insiders expect "the [next Trump] administration will reinstate [Section] 301 investigations" that were begun when countries moved to collect digital services taxes from U.S. tech firms.
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.
CBP issued the following releases on commercial trade and related matters:
CBP should put in place an "informed compliance" policy for holds on previously filed in-bond shipments that prohibit their subsequent export, given the lack of automated notifications of those holds to the filer, according to comments that the National Customs Brokers & Forwarders Association of America submitted to CBP last week.
CBP proposes to replace the Type 86 process for low-value packages with an "enhanced entry process," requiring a few more data elements than the 10 currently required. Like the Type 86 test, and providing the additional data in exchange for quicker release will continue to be voluntary.