Two Minutes in Trade

You go first-seems to be the call for nations considering a carbon tax at the border and the US just might be first. Listen for more on a possible carbon tax on today’s two minutes in trade.

CBP’s long awaited ruling confirmed that its laws and regulations do not prohibit e-signatures on POAs.  It’s the fact that CBP indicated that state, not federal, laws bind the two parties that is causing importers and brokers to question how to implement the decision.

Have the additional tariffs under sections 232 and 301 achieved their goals? How are they impacting the US economy?  Listen for more details on today’s Two Minutes In Trade.

With the House adjourned, it looks like any trade bill or counter-China bill will be lucky to move by year’s end. Listen for more info on today’s Two Minutes In Trade.

Section 232 reports released making it clear there can be no tariff or other import control measures. Listen to today’s Two Minutes of Trade for more info.

GAO says that USTR did not have sufficient documentation of its internal processes for approving or rejecting exclusion requests. USTR accepts the criticism but asserts that the lack of documentation had no effect on the substantive review of requests. The question now - what effect will the GAO report have on USTR’s deliberations as to whether or not to approve previously-granted exclusions?

CBP has proposed expanding the use of the USMCA “part 102” rules of origin largely based on tariff shifts, instead of case by case rulings, to bring consistency into origin decision-making for exports from Mexico and Canada.  This only will happen if the trade files comments supporting the initiative by August 5th.

CBP gives some guidance on what products might be subject the the WRO on silica based goods from Hoshine and introduces the concept of “de minimis”. Listen for details on today’s Two Minutes In Trade.

The Buy America Act is being amended again. Increased American content that was effective 1/21/21 may be increased. Listen for more details on today’s Two Minutes In Trade.

Could there be a USG coordinated approach to currency manipulation? The agreement with Vietnam hints at it. Listen for more info on today’s Two Minutes In Trade.