US and Vietnamese Officials Reach Agreement Regarding Vietnam’s Currency PracticesUS and Vietnamese Officials Reach Agreement Regarding Vietnam’s Currency Practices
Today, U.S. Department of Treasury and State Bank of Vietnam (SBV) officials announced that they have “reached agreement to address Treasury’s concerns about Vietnam’s currency practices as described in Treasury’s Report to Congress on the Macroeconomic and Foreign Exchange Policies of Major Trading Partners of the United States.” Although the announcement falls short of explicitly […]
Continue Reading »CIT Grants Preliminary Injunction in CIT Lawsuit Challenging Legality of List 3 and 4 TariffsCIT Grants Preliminary Injunction in CIT Lawsuit Challenging Legality of List 3 and 4 Tariffs
Today, the U.S. Court of International Trade (CIT) announced that it will halt the liquidation of unliquidated entries subject to Section 301 tariffs in wake of the thousands of plaintiffs who filed lawsuits targeting the legality of List 3 and List 4 tariffs on Chinese goods. In its preliminary injunction, a majority of judges on […]
Continue Reading »US and EU Reach Deal on Boeing – Airbus DisputeUS and EU Reach Deal on Boeing – Airbus Dispute
Today, the US and EU announced that they have reached a deal related to the Boeing – Airbus dispute. This marks the end of the longest running quarrel in the history of the World Trade Organization (WTO). According to the official White House Press release, the US and EU will suspend tariffs for five years and work together […]
Continue Reading »Additional 301 Tariffs Suspended for 6 Countries in the Digital Services Taxes Investigation (DST)Additional 301 Tariffs Suspended for 6 Countries in the Digital Services Taxes Investigation
Unites States Trade Representative Katherine Tai announced today the conclusion of the one-year Section 301 investigations of Digital Service Taxes (DSTs) adopted by Austria, India, Italy, Spain, Turkey, and the United Kingdom. The final determination in those investigations is to impose an additional 25% 301 tariffs on certain goods from these countries. The USTR announced […]
Continue Reading »CIT Strikes Down Section 232 Tariffs on Steel and Aluminum ‘Derivatives’CIT Strikes Down Section 232 Tariffs on Steel and Aluminum
On Monday, the Court of International Trade (CIT) announced that it found that Donald Trump had violated his presidential authority when he expanded Section 232 tariffs on steel and aluminum derivative products back in January 2020. The decision was announced following months of litigation resulting from a lawsuit filed by PrimeSource Building Products – a […]
Continue Reading »USTR Extends Tariff Exclusions for Certain COVID-19 Products through SeptemberUSTR Extends Tariff Exclusions for Certain COVID-19 Products through September
The Office of the U.S. Trade Representative (USTR) announced that it will extend certain Section 301 tariff exclusions on products used to treat COVID-19; these exclusions were previously set to expire on March 31, 2021. The extended exclusions will apply to all products meeting the specified criteria until September 30, 2021. Click here to read […]
Continue Reading »US and UK Announce Temporary Suspension of Tariffs on Large Civilian Aircrafts – UPDATE!US and UK Announce Temporary Suspension of Tariffs on Large Civilian Aircrafts – UPDATE!
On March 4th, 2021, the office of the U.S. Trade Representative (USTR) and United Kingdom (UK) announced a four-month suspension of additional duties on large civilian aircrafts in an effort to resolve one of the longest running World Trade Organization (WTO) disputes. According to the USTR press release, the UK had already stopped applying retaliatory […]
Continue Reading »US Delays Implementation of the Aluminum Import Monitoring and Analysis System until March 29th
On January 20th, the U.S. Department of Commerce (Commerce) announced that the ‘Aluminum Import Monitoring and Analysis (AIM) System’ final rule, originally scheduled to go into effect on January 25, 2021, would be delayed until March 29, 2021 to allow incoming Biden Administration officials additional time to review all relevant documentation prior to its implementation. […]
Continue Reading »APHIS Core Message Set Full Implementation Starts January 25thAPHIS Core Message Set Full Implementation Starts January 25th
Effective January 25, 2021, when a Customs entry is filed for Animal and Plant Health Inspection Service (APHIS) regulated plants, plant products, animal products, or live dog imports, APHIS will require the mandatory filing of the PGA Message Set in the Automated Commercial Environment (ACE). APHIS has flagged more than 2,000 HTS subheadings that may […]
Continue Reading »USTR Releases Section 301 Report on Vietnam: No Additional Duties Being Imposed at this TimeUSTR Releases Section 301 Report on Vietnam
As you may already be aware, in October 2020, the USTR launched two separate investigations into Vietnam’s acts, policies, and practices related to currency valuation pursuant to Section 301 of the Trade Act of 1974. Today, the USTR released a report concluding that Vietnam’s acts, policies, and practices – including excessive foreign exchange market interventions […]
Continue Reading »US Designates Cuba as a State Sponsor of TerrorismUS Designates Cuba as a State Sponsor of Terrorism
Earlier today, the US State Department announced that Cuba would be designated as a State Sponsor of Terrorism for “repeatedly providing support for acts of international terrorism in granting safe harbor to terrorists.” Cuba now joins three other countries on the list: Iran, North Korea and Syria. Click here to view the full announcement from […]
Continue Reading »USTR Suspends Tariffs on Certain French Goods Scheduled to Begin January 6thUSTR Suspends Tariffs on Certain French Goods Scheduled to Begin January 6th
Yesterday, the office of the U.S. Trade Representative (USTR) announced the suspension of additional 25% duties on certain French goods that were originally scheduled to begin on January 6, 2021. According to officials, the decision was made “given that these [Digital Services Tax] investigations are ongoing and have not yet reached any determinations on what, […]
Continue Reading »USTR Announces Additional Section 301 Tariffs on Certain EU ProductsUSTR Announces Additional Section 301 Tariffs on Certain EU Products
On December 30th, in the latest escalation of the on-going dispute over aircraft subsidies, the office of the U.S. Trade Representative (USTR) announced that it will impose additional Section 301 tariffs on goods imported from the European Union (EU). An additional 15% tariff will be assessed on aircraft parts, as well as 25% tariffs on […]
Continue Reading »USTR Extends Tariff Exclusions for Certain COVID-19 ProductsUSTR Extends Tariff Exclusions for Certain COVID-19 Products
The Office of the U.S. Trade Representative (USTR) announced that it will extend certain Section 301 tariff exclusions on products used to treat COVID-19. The USTR also announced that it is adding more products to the initial list of goods covered by the exclusions. The extended exclusions will apply to all products meeting the specified […]
Continue Reading »Removal of Hong Kong as a Separate Destination under the EARRemoval of Hong Kong as a Separate Destination under the EAR
On December 23, 2020, the Bureau of Industry and Security (BIS) amended the Export Administration Regulations (EAR) to remove the People’s Republic of China (PRC or China) Special Administrative Region of Hong Kong from the list of destinations in the Export Administration Regulations (EAR). This decision is effective immediately. This rule implements a significant change […]
Continue Reading »GSP Program and MTB Set to Expire at Year’s End; Proposed USMCA Changes Expected to Receive Legislative ApprovalGSP Program and MTB Set to Expire at Year’s End
As you may already know, the Miscellaneous Tariff Bill (MTB) and Generalized System of Preferences (GSP) program are scheduled to expire on December 31, 2020. As a result, imports entering the US that were previously eligible for MTB and/or duty-free treatment under GSP are subject to regular duty rates beginning January 1, 2021. GSP authorization […]
Continue Reading »EU Imposes Additional Tariffs on $4 Billion Worth of US ExportsEU Imposes Additional Tariffs on $4 Billion Worth of US Exports
Yesterday, the European Union (EU) announced that it will raise tariffs on $4 billion worth of goods imported from the US in response to the on-going dispute over aircraft subsidies. Beginning November 10th, the EU will impose additional 15% tariffs on large aircrafts, as well as 25% tariffs on an assortment of other goods – […]
Continue Reading »Trump Issues Presidential Proclamation Modifying GSP EligibilityTrump Issues Presidential Proclamation Modifying GSP Eligibility
On October 30, 2020, Trump signed a Presidential Proclamation announcing changes to Generalized System of Preferences (GSP) eligibility for preferential treatment based on the US Trade Representative’s (USTR) 2020 GSP Program review findings. The decisions include: According to US Customs and Border Protection (CBP) officials, the Automated Commercial Environment (ACE) will be updated to accept […]
Continue Reading »Trump Issues Presidential Proclamation Updating 232 Tariffs on Canadian AluminumTrump Issues Presidential Proclamation Updating 232 Tariffs on Canadian Aluminum
On October 27, 2020, President Trump issued a Proclamation on Adjusting Imports of Aluminum into the United States, reinstating Canada’s exclusion from additional 10% duties under Section 232 on certain non-alloyed unwrought aluminum articles. As a result, HTS number 9903.85.21 is no longer required for imports of non-alloyed unwrought aluminum articles that are the product […]
Continue Reading »USTR Extends Certain Tariff Exclusions for List 1 and 2 Products, Leaves Others to Expire on October 2USTR Extends Certain Tariff Exclusions for List 1 and 2 Products, Leaves Others to Expire on October 2
On September 30, 2020, the Office of the U.S. Trade Representative (USTR) issued two sets of exclusion extensions for List 1 and 2 products that are currently set to expire on October 2. The first notice granted extensions to 9 product exclusions from List 1. Click here to view the full list of List 1 products – […]
Continue Reading »