Two Minutes in Trade

New excise taxes on chemicals effective July 1 - proceeds which will fund Superfund cleanup operations. Listen for more details on today’s Two Minutes In Trade.

There is a new acronym in the alphabet soup of legislation acronyms in Congress: the SPECIAL RELATIONSHIP Act. The bill seeks Trade Promotion Authority (TPA) to be paired with approval of the Trade Adjustment Assistance (TAA) program in hopes to pass new Free Trade agreements (FTAs) as soon as possible (ASAP)

Canada’s new law on importing goods made with forced labor will require new obligations from certain companies. Listen for more on today’s Two Minutes In Trade.

TAA looks set to expire 6/30/22. The USICA/COMPETES  conference May move soon but likely not with the House TAA language. Listen for more on today’s Two Minutes In Trade.

When is a manipulator not a manipulator? Treasury report fails to name any currency manipulators. Listen for more details on today’s Two Minutes In Trade.

Tariffs on electronic transactions have been held at bay for at least a little while thanks to the WTO agreement. Learn more on today’s Two Minutes In Trade.

Last week the President signed into law the Ocean Shipping Reform Act (OSRA). The OSRA is the first major legislation related to the Shipping Act in 20 years. Among other things, the OSRA will help ensure that U.S. shippers are not charged unreasonable fees by carriers and that U.S. exporters will be granted access to cargo unless refusal is explicitly justified.

Tuesday is "E"-day: Enforcement day of the Uyghur Forced Labor Prevention Act which presumes all goods made in whole or part from goods made in Xinjiang China are forced labor goods. Learn more on today's Two Minutes in Trade

Countries including the US are looking at carbon footprint taxes. Listen for more on today’s Two Minutes In Trade.

One June 13, 2022, CBP issued operational guidance for importers on enforcement of the UFLPA