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.
Very little of a hearing on customs modernization focused on the issues CBP and the trade have focused on as they work on a modernization proposal. The agency and traders are talking about new kinds of advance data, expedited release for trusted traders, better harmonization of data requests from partner government agencies and CBP, and data sharing from CBP with rights holders on intellectual property violations, among other changes.
The high-profile House Select Committee on China is recommending that the de minimis threshold of $800 be reduced "with particular focus on foreign adversaries including the PRC."
Eighteen months after a senator launched a discussion draft on customs modernization (see 2111030035), the House Ways and Means Committee is beginning its examination of how to shape a bill to update CBP's authorities.
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.
An International Trade Commission study of foreign-trade zones, and how U.S. policy supports or undermines their effectiveness, gave some support for the argument free trade zone advocates have made about using FTZs as a staging area for de minimis shipments, but suggested that complaints about treatment under USMCA were overblown.
CBP's upcoming regulatory changes around de minimis shipments will combine the best of the Section 321 data pilot and the best of the entry type 86 test, adding together "clearance speed of the entry type 86," CBP's E-Commerce and Small Business Branch Chief Christine Hogue said on a May 18 webinar discussion hosted by the World Trade Center Miami.
Former U.S. trade representative Robert Lighthizer, who got the most attention from members of a House select committee at a lengthy hearing on Chinese economic aggression, argued that the actions President Donald Trump took to discourage imports from China were not nearly enough, and that even removing China from most favored nation status would not be enough to protect American manufacturers from China's predation, because some of the Column 2 tariffs, such as those on cars, are not high enough. Ending China's MFN status "would be one of the greatest things you could possibly do for American manufacturing," he declared.
The European Commission this week proposed to reform its customs system, including by creating a single interface called the EU Customs Data Hub that will allow for the submission of all customs information on imports. Under the plan, the EU also would create an EU Customs Authority, which it said would boost cooperation between customs surveillance and law enforcement authorities at the EU and member state level, and would eliminate the de minimis threshold for imports under $162.
Senate Finance International Trade Subcommittee Chairman Tom Carper, D-Del., said he would like to hold a future hearing on the Americas Act, a proposal from Sen. Bill Cassidy, R-La., to liberalize trade with Central American, Caribbean and South American countries (see 2301110045 and 2301130042), and to pay for grants and subsidized loans for countries reshoring or nearshoring out of China with changes to de minimis law. Sen. Michael Bennet, D-Colo., is a co-sponsor of the bill.