Two Minutes in Trade

The Office of the USTR issued a Notice commencing the statutory review of the section 301 actions, which imposed additional 301 tariffs on products from China.  At this time, the USTR is notifying representative of domestic industries which benefit from trade actions that there is a possible termination of the actions and providing an opportunity to request continuation of the actions.

The Summit of the Americas is about a month away and we expect to see some initiatives related to trade to be discussed as part of this gathering of political, business and civil society leaders in LA during the week of June 6.

How can you prepare to limit time and stress during your CTPAT validation?  CBP’s newly released CTAT Virtual Validation Guide provides some of the answers.

You know about the China 301 tariffs, but you should also be aware of USTR’s latest Special 301 report on intellectual property rights protection.

The question of how to feed everyone keeps getting more complicated and the war in Ukraine is just making things worse.  For more information listen to today's Two Minutes in Trade.  

The differences between Buy American Act (BAA), ‘Buy America’ Rules, Trade Agreements Act (TAA) and Made in USA. Listen on today’s Two Minutes In Trade for more

A good export controls and sanctions program relies on a strong culture of compliance.  To establish such a culture, it is imperative that compliance professionals work hand in hand with internal functional teams with a key focus on sales teams.  The sales function operates as the front line eyes and ears of the company and gaining their support on compliance initiatives is fundamental to a successful trade compliance program

he U.S. Congress has entered into conference on the USICA/COMPETES China competition bill, which will include a negotiation regarding a House-proposed amendment to the customs administrative exemption – AKA Section 321. While some raise concerns that Section 321 has become a conduit for contraband, counterfeit and tariff-evading goods, others caution that changing Section 321 could have unintended consequences for U.S. small business who rely on low-value, e-commerce-based imports to satisfy U.S. consumer demand.

Securing a resilient supply chain in semiconductors, solar photovoltaics, critical minerals, rare earth magnets, lithium ion batteries, pharmaceutical is essential. Listen to today’s Two Minutes In Trade for more.