Two Minutes in Trade

E. O. 14005 requires procurement revisions to ensure goods are made using US content. The FAR proposed several regulation revisions to implement the order. Listen to learn more on today’s Two Minutes In Trade.

CBP electronic information and certification systems such as “ELVIS” and “eCERT” enable importers to seamlessly transmit in-quota, low duty rate entries.  Now, Mexico is coming on board for textile and apparel tariff preference levels under the USMCA.  Are more opportunities ahead?

Oct 1 could bring a shutdown but it definitely brings new reporting requirements on certain goods as Phase 6 of the Lacey Act Amendments of 2008 go into effect. Learn more on today’s Two Minutes In Trade.

New tariffs or quotas could be on the horizon for neodymium magnets as the Biden Administration launches a section 232 investigation. Learn more on today’s Two Minutes In Trade.

CBP has recommended that importers submit protest details spreadsheets to expedite duty refund processing. While the data should streamline the process, will it be enough to restore funds to importers at the pace they desire?

The CPTPP may be expanding. China requested membership in the trading bloc which will make it a party to the 1st and 3rd largest trading blocs. Listen for more on today’s Two Minutes In Trade.

The Government is being sued again - this time for its section 232 tariff exclusion process. Listen for more details on today’s Two Minutes In Trade.

Customs Brokers file approximately 97% of entries for all imports but what happens if their client, the importer, goes bankrupt?  Congress is considering a critical, permanent change to the Customs Business Fairness Act that would relieve brokers from trustees attempting to “claw-back” duty payments from them.

New TAA expansion program would include “communities”. What are the costs?  Listen for more on today’s Two Minutes In Trade.

New bill would dictate rules of origin for FTAs to limit inputs from non-market economies (read CHINA) in goods. Listen for more details in today’s Two Minutes In Trade.