Wednesday, July 18, 2018 Sandler, Travis & Rosenberg Trade Report The Canadian government is accepting requests for remission of the tariffs imposed on U.S. goods as of July 1 in retaliation for the Trump administration’s duty hike on steel and aluminum products. Canada’s tariffs include an additional 25 percent duty on steel products classified under […]
Wednesday, July 18, 2018 Sandler, Travis & Rosenberg Trade Report U.S. Customs and Border Protection has updated its list of the quarterly Internal Revenue Service interest rates used to calculate interest on overdue accounts (underpayments) and refunds (overpayments) of customs duties. For the quarter July 1 through Sept. 30, 2018, the interest rates for overpayments […]
Tuesday, July 17, 2018 Sandler, Travis & Rosenberg Trade Report The leaders of the U.S. and the United Kingdom said after a July 13 meeting that their countries plan to pursue a bilateral free trade agreement once the UK formally leaves the European Union in March 2019. Lower-level officials met recently to discuss specific trade-related […]
Monday, July 16, 2018 Sandler, Travis & Rosenberg Trade Report The Department of Commerce announced July 13 that it has lifted a ban on exports to Zhongxing Telecommunications Equipment Corporation and ZTE Kangxun Telecommunications Ltd. (collectively, ZTE). DOC took this step after ZTE fulfilled several requirements, including paying a $1 billion penalty, replacing its entire […]
Monday, July 16, 2018 Sandler, Travis & Rosenberg Trade Report The Department of Commerce has canceled plans to hold a second day of hearings July 20 in its Section 232 investigation of whether imports of automobiles, including SUVs, vans, and light trucks, and auto parts are harming U.S. national security. The DOC states that only […]
Friday, July 13, 2018 Sandler, Travis & Rosenberg Trade Report U.S. Trade Representative Robert Lighthizer said this week that the Trump administration intends to move quickly to begin negotiating a model free trade agreement that could be extended to multiple African countries. Speaking at the annual African Growth and Opportunity Act forum, Lighthizer said the […]
Thursday, July 12, 2018 Sandler, Travis & Rosenberg Trade Report The Department of Justice reports that a manufacturer and exporter of wind turbines based in China has been sentenced to the maximum statutory fine of $1.5 million for stealing trade secrets from a U.S.-based company. According to a DOJ press release, the Chinese company conspired […]
Wednesday, July 11, 2018 The Trump administration is proposing to further escalate its efforts to address concerns with China’s policies on intellectual property protection by imposing an additional ten percent duty on 6,031 tariff lines from China with an import value of approximately $200 billion. This action would be in addition to the 25 percent […]
Wednesday, July 11, 2018 Sandler, Travis & Rosenberg Trade Report by Lenny Feldman U.S. importers, exporters, and manufacturers are looking for ways to mitigate the impact of the 10 to 25 percent additional tariffs the U.S. has levied on tens of billions of dollars’ worth of imported goods, including steel and aluminum from all global sources […]
Tuesday, July 10, 2018 Sandler, Travis & Rosenberg Trade Report The Office of the U.S. Trade Representative has set Oct. 9 as the deadline for submitting requests for exclusions from the additional 25 percent tariff being imposed as of July 6 on goods imported from China. This tariff, which affects 818 tariff lines, was levied […]
As e-commerce transactions increase, the stakes for traders and regulators alike are growing exponentially. While the business prospects are enticing to many, a solid understanding of the current and evolving regulatory requirements pertaining to imports and exports is vital to take advantage of these opportunities in a compliant manner. Key Topics U.S. Customs and Border […]
Monday, July 09, 2018 Sandler, Travis & Rosenberg Trade Report At its recent annual session the World Customs Organization Council adopted a framework of standards on cross-border e-commerce designed to help WCO members develop e-commerce strategic and operational frameworks in cooperation with stakeholders. The WCO states that this framework will also be useful for members […]