On passage of the Inflation Reduction Act, electric vehicles manufactured overseas were instantly disqualified from the $7,500 tax credit. In January, even cars manufactured in the U.S. will be eligible only if they are below certain price thresholds, and meet battery component local content thresholds. Those thresholds ramp up in 2024, as do those for the critical minerals in batteries.
The International Trade Commission, which is tasked with measuring the economic impact of the USMCA's stringent auto rules of origin, heard from auto industry players in the U.S. and Mexico that satisfying the labor value content audits is next-to-impossible.
Panelists from the three countries in the USMCA -- including the chief negotiator for Mexico in what became the USMCA -- said they expect, or hope for, the auto rules of origin to change four years from now, as part of the six-year review of the trade deal.
The Office of the U.S. Trade Representative, in a Federal Register notice published Oct. 26, asked for applications from people who would like to serve on panels that review final determinations in antidumping or countervailing duty proceedings and amendments to AD/CVD statutes of a USMCA Party. These people would be on the roster from April 1, 2023, through March 31, 2024. Applications are due by Nov. 30, and can be submitted at www.regulations.gov, docket number USTR-2022-0015.
The U.S. trade representative should reject the Florida congressional delegation's Section 301 petition regarding Mexican produce imports, argued Iowa's two senators, as well as Sen. Roger Marshall, R-Kan., and Sen. Patty Murray, D-Wash.
The Alliance for Trade Enforcement, a coalition of trade associations and business groups, says the Indo-Pacific Economic Framework for Prosperity needs effective dispute settlement to fulfill its promise for American exporters.
The International Trade Commission published notices in the Oct. 6 Federal Register on the following AD/CV injury, Section 337 patent or other trade proceedings (any notices that warrant a more detailed summary will be in another ITT article):
A listing of recent Commerce Department antidumping and countervailing duty messages posted to CBP's website Oct. 3, along with the case number(s) and CBP message number, is provided below. The messages are available by searching for the listed CBP message number at CBP's ADCVD Search page.
A listing of recent Commerce Department antidumping and countervailing duty messages posted to CBP's website Sept. 28, along with the case number(s) and CBP message number, is provided below. The messages are available by searching for the listed CBP message number at CBP's ADCVD Search page.
Sen. Raphael Warnock, D-Ga., in a tight race for re-election, asked the Treasury Department to write regulations for the electric vehicle tax credits that make more vehicles eligible for the credits than the text of the Inflation Reduction Act delineates.