Following a Wall Street Journal report that U.S.-China tensions have derailed Shein's hopes of becoming a publicly traded company on the New York Stock Exchange, the Coalition for a Prosperous America said British authorities should also block the fast-fashion company from London's stock exchange. Zach Mottl, the coalition's chairman, said, "Given Shein’s well-documented ties to slave labor, as well as its ongoing exploitation of the de minimis loophole, it’s overwhelmingly clear that Shein should not be allowed to move forward with an IPO in the U.S. or in London."
Senators and witnesses focused on de minimis and CBP's data collecting authorities -- both sides agreeing that data collection, particularly from partner government agencies, needs to be refined, and that de minimis is a useful trade facilitation tool.
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With the addition of 26 firms that source cotton from Xinijang, the Uyghur Forced Labor Prevention Act's Entity List now has 36 textile firms -- more than half of the list.
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Groups of law enforcement and advocates for opiate addicts, along with the Coalition for a Prosperous America, told the House Ways and Means Committee that while they appreciate its action to restrict de minimis for articles subject to Section 301 tariffs, they hope members develop a "comprehensive solution" to the de minimis crisis.
The Commerce Department has published amended final results of the antidumping duty administrative review on oil country tubular goods from Ukraine (A-823-815) originally published Feb. 10, 2022. In that review, covering entries from the only company under review, Interpipe, from July 10, 2019, through June 30, 2020, Commerce set an AD rate of 27.8%. Interpipe consists of Interpipe Europe S.A./ Interpipe Ukraine LLC / PJSC Interpipe Niznedneprovsky Tube Rolling Plant (aka Interpipe NTRP) / LLC Interpipe Niko Tube.
Former Sen. Chris Dodd, special presidential adviser for the Americas, said that the administration welcomes the Americas Act (see 2403060033), a bill that proposes setting country-by-country de minimis levels, and instructs the administration to reconsider U.S. tariffs "with the focus on the principle of reciprocity" for most favored nation rates and to open a dialogue with Mexico and Canada on allowing Costa Rica and Uruguay to join USMCA. It also would exclude Chinese and Russian shippers from de minimis eligibility, allow Ecuador and Uruguay to use Caribbean Basin Trade Partnership Act tariff benefits for certain goods, "with the goal of an eventual full-scale FTA with Uruguay and Ecuador," and asks the administration to make it so goods across Western hemisphere free trade agreements could cumulate among those agreements -- so Costa Rican content could be added to Colombian and Mexican content, for instance.
Shein, an apparel e-commerce platform that has been in the crosshairs of the House Select Committee on China (see 2305030077) U.S.-China Economic and Security Review Commission (see 2304140034), is ramping up its staffing for compliance, according to a memo sent to International Trade Today by a person close to Shein.
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