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.
A new Section 301 investigation on Chinese legacy chips may lead to a tariff regime that could create havoc, according to Sidley Austin's Ted Murphy, who specializes in trade and customs.
A bipartisan, bicameral bill would create a Maritime Security Trust Fund, into which revenues would come from tonnage fees on Chinese-owned and Chinese-flagged ships visiting U.S. ports, special tonnage taxes, light money, and tariffs and duties, including Section 301 tariffs.
Rep. Don Beyer, a long-time trade liberalization advocate, led a 90-minute hearing making the case against more tariffs in the second Trump administration, and Senate Budget Committee Chairman Sheldon Whitehouse, Majority Leader Chuck Schumer and Senate Finance Committee Chairman Ron Wyden slammed the economic impact of campaign tariff promises as the Democrats try to use their bully pulpits in the last week before Republicans will have control at both ends of Pennsylvania Avenue.
Venable lawyers said no one knows whether President-elect Donald Trump will hike tariffs on China by 10 percentage points, by 60 percentage points, or bring current tariff levels to 60%. Nor does anyone know if the threat of 25% tariffs on Canadian and Mexican exports will become reality.
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.
Flexport employees advised attendees on a webinar this week to prepare for a scaling back of de minimis, in case the rulemaking that removes goods subject to Section 301 tariffs moves forward.
The Office of the U.S. Trade Representative is hiking tariffs on Chinese solar wafers and polysilicon to 50% and Chinese tungsten products covered by Harmonized Tariff Schedule subheadings 8101.94.00, 8101.99.10 and 8101.99.80 will face 25% tariffs, beginning Jan. 1.
Sen. Rick Scott, R-Fla., asked U.S. Trade Representative Katherine Tai to open a Section 301 trade investigation on Chinese garlic growers, arguing that the sector is subsidized by forced labor and "other unfair and unethical trade practices."
The following lawsuits were filed at the Court of International Trade during the week of Dec. 2-8: