International Trade Today

International Trade Today is a reliable source for those in the trade and customs sectors, offering up-to-date information on import and export rules, legislation, and market activities that impact your operations. For the past 30 years, customs brokers, law firms, consultants, manufacturers, importers, and exporters have turned to International Trade Today to keep informed about: - Congressional inquiries and legislation influencing the trade sector - Proposed and finalized regulatory updates from the three branches of the U.S. government - Judicial rulings that affect the import/export industry - News from U.S. Customs and Border Protection - Modifications to the informed compliance program

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Articles

WH Opposition to AGOA Prevented AGOA, GSP Renewal in Tax Bill

5 days ago | internationaltradetoday.com | Mara Lee

"They wanted to do trade," he said. It was going to include a renewal of the long-expired Generalized System of Preferences benefits program, the African Growth and Opportunity Act, and "Haiti may have also been in play."The lobbyist added, "depending on who you talk to," Crapo also wanted to pass a Miscellaneous Tariff Bill. The Haitian trade preference programs and AGOA expire at the end of September; the last MTB and GSP both expired at the end of 2020.
9th Circuit Says FCA Liability Depends on Importer's Actual Knowledge of Duty Liability

5 days ago | internationaltradetoday.com | Jacob Kopnick

If your job depends on informed compliance, you need International Trade Today. Delivered every business day and available any time online, only International Trade Today helps you stay current on the increasingly complex international trade regulatory environment. As a result, Sigma is liable for $8 million in unpaid duties, which is automatically multiplied by three under the FCA. Sigma imported welded outlets from China from 2010 to 2018.
South Korean Trade Officials in Washington; India Negotiations Hitting Snags

6 days ago | internationaltradetoday.com | Mara Lee

If your job depends on informed compliance, you need International Trade Today. Delivered every business day and available any time online, only International Trade Today helps you stay current on the increasingly complex international trade regulatory environment.
Manufacturers in Haiti Getting Mixed Signals From Capitol Hill on HOPE/HELP Renewal

1 week ago | internationaltradetoday.com | Mara Lee

|Top NewsProducing scrubs in Haiti allows American firms to avoid 29% tariffs on pants, 16% tariffs on tops, and still import the fabric from Asia. But the trade preferences for Haiti known as HOPE/HELP expire in three months and 11 days, and Republicans who control the voting calendar are not reassuring the companies that it will be renewed on time. If your job depends on informed compliance, you need International Trade Today.
De Minimis Ban, Tobacco Drawback Limit Not in Senate Tax Bill

1 week ago | internationaltradetoday.com | Mara Lee

The Congressional Budget Office estimated that from fiscal year 2027 through fiscal year 2034, the end of the budget window for the bill, there would be an additional $38.3 billion in tariffs paid due to de minimis ending. The Joint Committee on Taxation estimated that the curtailment of drawback for tobacco products would add $12.1 billion in revenue to the Treasury through the end of FY 2034.
Trump Doesn't Rule Out Section 232 Auto Changes for Japan

1 week ago | internationaltradetoday.com | Mara Lee

When a reporter noted that Japan wants changes to auto tariffs, not just reciprocal tariffs, and asked if that would happen, Trump replied, "We'll see what happens." On the EU, he said, "I don't feel they're offering a fair deal yet." For all trading partners, he said, "We're either going to make a good deal or they'll just pay whatever we say." Trump spoke with Canadian Prime Minister Mark Carney about trade, and the Canadian readout said they agreed to pursue negotiations toward a deal...
Once UK Deal Reflected in Federal Register, Tariffs Will Drop Within Seven Days

1 week ago | internationaltradetoday.com | Mara Lee

If your job depends on informed compliance, you need International Trade Today. Delivered every business day and available any time online, only International Trade Today helps you stay current on the increasingly complex international trade regulatory environment.
DC IEEPA Plaintiffs Petition SCOTUS to Review Legality of IEEPA Tariffs

1 week ago | internationaltradetoday.com | Jacob Kopnick

So far in the case, the U.S. District Court for the District of Columbia held that IEEPA categorically doesn't provide for tariffs (see 2505290037), though the court stayed its decision pending appeal in light of the massive effect the ruling would have on U.S. foreign policy efforts (see 2506030048). The U.S. appealed the decision to the U.S. Court of Appeals for the D.C. Circuit, where the parties are currently sparring over the precise dates of an expedited briefing schedule (see 2506130029).
COAC Seeking to Align With Trade Enforcement Priorities, Policy Shifts

1 week ago | internationaltradetoday.com | Joanna Marsh

The COAC is meeting on June 18, and summaries and recommendations from the various working groups are available online (see 2506160010). While many of the updates for the upcoming June meeting are similar or nearly identical to those released ahead of the March meeting, there are a few differences.
Mexican Industry: Mexico Cannot Live With Section 232 Tariffs on Compliant Goods

2 weeks ago | internationaltradetoday.com | Mara Lee

"We are the only two countries in the world that benefit from partial free trade," Sergio Gomez Lora, who heads the U.S. office of Mexico's Business Coordinating Council, said earlier this week at the Hudson Institute. But, he cautioned, there can be no USMCA if Mexican goods that meet USMCA rules of origin are still subject to 25% or 50% tariffs under Section 232.