Two significant trade programs offering duty reduction treatment for import goods, the Generalized System of Preferences (GSP) and Miscellaneous Tariff Bill (MTB), are set to expire December 31, 2020. MISCELLANEOUS TARIFF BILL This means, starting January 1, 2021, import duties will be reinstated for the 1,660 products covered by the [...]
On Wednesday, December 23, 2020, the Office of the U.S. Trade Representative (USTR) announced it will create additional and extend existing product exclusions on goods from China used to treat COVID-19 that would be impacted by Section 301 tariffs. Many exclusions are set to expire on December 31, 2020. “In [...]
In a final rule published Wednesday, December 23, 2020, the U.S. Department of Commerce (DOC) announced the adoption of the Aluminum Import Monitoring and Analysis (AIM) system that requires importers, customs brokers (or their agents) to apply for and obtain an import license for each entry of certain aluminum [...]
On December 31, 2020 most remaining Section 301 Exclusions are set to expire and importers who have been avoiding additional tariffs, some up to 25 percent, will be required to pay on products from China. HOUSE ACTION The National Retail Federation (NRF) provided a letter to legislators, now supported and [...]
U.S. businesses are getting more and more concerned as two important trade programs, Generalized System of Preferences (GSP) and the Miscellaneous Tariff Bill (MTB), that are set to expire at the end of the year, face controversial changes. As reported early last month, on October 30, 2020, the United [...]
In a recent lawsuit brought to the Court of International Trade (CIT), importers argued that they should still be able to apply for Section 301 exclusion refunds for liquidated entries, specifically, after the protest deadline has expired. The plaintiffs challenged Customs and Border Protection’s (CBP) failure to adjust the [...]
As Green reported last year, on December 6, 2019, the U.S. Trade Representative (USTR) announced a determination that France’s 3% Digital Services Tax (DST) was unreasonable and discriminatory, creating restrictive burden on U.S. commerce. After intensive Section 301 review, the United States has decided to take action in the form [...]
On October 30, 2020, the United States President, Donald Trump, signed a proclamation announcing changes to Generalized System of Preferences (GSP) eligibility for preferential treatment based on the U.S. Trade Representative 2020 program review findings. “Today’s announcement demonstrates the effective use of the GSP program to improve labor standards and [...]
In recent weeks, numerous shipments of holiday goods, inventory replenishment, e-commerce fulfilment, and even next spring’s home improvement merchandise have caused major congestion at U.S. West Coast ports like Los Angeles and Long Beach in California. The spike in import volume from mainland China into the U.S. is expected to [...]
On Monday, October 20, 2020, the United States and Brazil re-signed an updated and expanded Agreement on Trade and Economic Cooperation (ATEC) adding three key provisions for Customs Administration and Trade Facilitation, Good Regulatory Practices, and Anticorruption. “From their first meetings, President Trump and President Bolsonaro have shared a vision [...]
