Two Minutes in Trade

The Semiannual HTSUS went into effect on July 1st implementing dozens on statistical provision changes to the tariff.  For more information on this topic listen to today's Two Minutes in Trade. 

FTZ provides opportunities for the biopharma and life sciences industries, other than the typical deferral, reduction, or elimination of duties.  For more information on this topic listen to today's Two Minutes in Trade. 

The U.S., Mexico, and Canada committed to prohibit imports of goods made with forced labor as part of their USMCA obligations. Officials from the three countries met recently to discuss progress, with Canada highlighting their newest law mandating increased due diligence by companies doing business in that country.

CBP finally has issued its continuing education rule for customs brokers. While many already comply, it soon will be time to “go to class” to ensure requirements are met.

Get INFORMed!  New law on third party marketplace reporting requirements to FTC are now in place. Listen for more on today’s Two Minutes In Trade.

De minimis is getting de Maximus attention!  Congress is demanding data from the USPS. Listen for more details on today’s Two Minutes In Trade.

Happy 4th of July! 💥🇺🇸 Learn about fireworks, their origins and suitability on today’s Two Minutes In Trade.

This past week, a U.S. Supreme Court decision made it more difficult for U.S. brands and trademark owners to protect their brands from foreign counterfeits when it held that the Lanham Act Prohibiting trademark infringement provisions do not apply outside the U.S.  Listen for more details on today’s Two Minutes In Trade.

USTR seeking comment on how the USMCA countries can better address supply chain emergencies. Listen for more on today’s Two Minutes In Trade.

The U.S. and others are increasingly concerned about economic bullying by China and are starting to think about how to respond. More tariffs could be a major part of it.  Listen for more on today’s Two Minutes In Trade.