On April 30th, the United States issued extensions and exemptions to preferred trading partners from the Section 232 steel and aluminum import duties. 30-day exemptions for steel imports have been issued to: Canada Mexico Australia Argentina South Korea Brazil European Union Post-June 1, full exemptions on steel imports will continue for: Argentine Australia [...]
As of April 22, 2018, international shippers seeking retroactive refunds for goods filed under the Generalized System of Preferences (GSP) will finally begin to see reprieve as the bill goes into effect. To expedite refunds, importers should verify their mailing address in the Automated Commercial Environment (ACE), including their Automated [...]
Economies hang in the balance as China and the United States begin a tit-for-tat dance on the international stage over technology and international property rights. The Office of the U.S. Trade Representative (USTR) published the list of approximately 1,300 proposed products imported from China that may be subject to additional [...]
On Monday, April 2, 2018, China announced import duties on U.S. goods such as pork, fruit, nuts, wine, ginseng, aluminum, ethanol and pipes. Responding within World Trade Organization (WTO) guidelines, the retaliatory measure by the United States’ largest trading partner comes as a swift response to Washington’s March 8thexecutive order [...]
On Wednesday, March 23rd, the U.S. approved passage of $1.3 trillion omnibus spending bill that would keep the government operating through September. Passing in both Senate and House, the bill included extension of the Generalized System of Preferences (GSP) through December 31, 2020. A relief for many importers, who’ve been [...]
After a seven-month investigation by U.S. Trade Representatives into China’s unfair trade practices, the U.S. signed an executive order imposing retaliatory import tariffs on $60 billion worth of Chinese imports. Covering 1,300 product lines, the final list of targeted products will be published 15 days after the Thursday announcement and [...]
As the world celebrated International Women’s Day on March 8th, the global trade community watched 11 countries, excluding the United States, sign on to the Comprehensive and Progressive Trans-Pacific Partnership (CPTPP) in Santiago, Chile, removing up to 98% of tariffs for member-nations trading across Asia. Minutes later, U.S. President Donald [...]
On Thursday March 8, 2018, President Trump defied domestic and international critics and signed orders to impose 25% tariffs on steel and 10% on aluminum imported into the U.S. The action was taken in defense of American industry and leverage as the President re-negotiates NAFTA, the North American Free Trade [...]
The Generalized System of Preferences (GSP) provides duty-free treatment to goods of designated beneficiary countries. The program was authorized by the Trade Act of 1974 to promote economic growth in the developing countries and was implemented on January 1, 1976. The GSP periodically expires and must be renewed by Congress [...]
An American forwarding company recently settled civil penalty charges with the Bureau of Industry and Security (BIS) after the attempted distribution of unlicensed export goods subject to Export Administration Regulation controls. The shipment was to be received by a company in Pakistan registered on the Entity List. The items for [...]
