Two Minutes in Trade

President Biden signs EO in compliance with US-EU Data Privacy Framework.

Byline: The EU and US signed last March the US-EU Data Privacy Framework that seeks to protect individual privacy while at the same time allowing licit data flows between the two countries. President Biden just signed a new Executive Order that would bring the US into full compliance with US laws and the agreement with the EU.

New export controls regulations adds supply chain complications as additional restrictions on the export of sensitive high-tech items to China are imposed.

PFAS are being banned in some products in California but could it be a de facto national ban?  Listen for more info on today’s Two Minutes In Trade.

Trade May move on the NDAA.  Listen to today’s Two Minutes In Trade for details on amendments introduced that will impact trade.

New proposed EU regulation of prohibiting products made with forced labour on the EU market has been published. Deadlines to submit comments is November 14th.

For importers of merchandise subject to high rates of duty, first sale valuation is a critical way to reduce tariff exposure and remain costs competitive in today’s inflationary market; however, CBP recently denied an importer’s use of first sale where the parties were unable to demonstrate that the first sale transactions were, in fact, “bona fide.”  To learn more about what your company can do to support its first sale transactions, listen to Two Minutes In Trade.”

A recent Government Accounting Office report identified how CBP successfully mitigated operational challenges during COVID, yet at the same time non-CBP operations reportedly slowed down. The solution may depend on how CBP interprets the date of arrival for carriers impacting cargo release.

Importers may be looking for ways to lower costs and take shortcuts in today’s environment of soaring costs and supply chain snarls, but doing so in the area of trade compliance could have a devastating impact.

CIT rules in DOC favor in challenge to use of adverse facts available in a countervailing duty case. Listen for more info on today’s Two Minutes In Trade.

STR is reviewing comments on how to create a comprehensive forced labor strategy in it trade policy. Listen to learn more on today’s Two Minutes In Trade.