With just 14 days in session scheduled for the House of Representatives before the end of the year, Ways and Means Committee members are not expressing optimism that a renewal of the Generalized System of Preferences benefits program will be one of the items that gets a vote this Congress.
The U.S.-China Economic and Security Review Commission, in its annual report to Congress, said that ending de minimis for all e-commerce is one of its top 10 recommendations, and said that if Congress passes such a law, it should provide CBP adequate resources to implement and enforce the change.
In addition to tariff hikes expected in 2025, trade experts are also thinking about the 2026 review of USMCA, and the investment and supply chain planning uncertainty that is likely to follow.
NEW YORK -- The Consumer Product Safety Commission's intent to require information from certificates of compliance to be filed in ACE next year is alarming brokers, according to Erin Williamson, vice president of customs brokerage at GEODIS USA.
Trade attorneys continue to wait and wonder what kind of tariff changes will come next year, with one observer using a tariff slide that said "Tariff Armageddon."
House Select Committee on China Chairman Rep. John Moolenaar, R-Mich., proposes increasing tariffs on nearly all Chinese goods to at least 35% and raising tariffs on "strategic goods" to 100%, with exceptions only for goods that are currently sourced only from China.
NEW YORK -- Tyler Beckelman, a Commerce deputy assistant secretary who also sits on the interagency Forced Labor Enforcement Task Force, told a garment industry audience that the Biden administration still intends to issue a notice of proposed rulemaking on de minimis "before we all turn into pumpkins on Jan. 20."
President Joe Biden is imposing Section 201 safeguard remedies on imports of fine denier polyester staple fiber (PSF), he said in a Nov. 8 proclamation. The action creates an absolute quota of fine denier PSF that can enter the country under temporary importation under bond (TIB). The safeguard takes effect Nov. 23, and the quota starts at zero.
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A past trade staffer from the Senate Finance Committee said that if Congress wanted to write tariffs into law in order to use that revenue as a partial pay-for in tax cut extensions, those tariffs would likely wait until January 2026, as that's when the tax laws would take effect.