Effective January 1, 2021 duty reductions under the Miscellaneous Tariff Bill (MTB) expired. Additionally, Congress has not indicated when it might consider a new MTB bill. As a result of the MTB expiring, over 1,600 products will immediately face increased tariffs and over 2,500 products will be prevented from receiving anticipated duty reductions even though
As previously reported, since October 18, 2019 the U.S. has imposed additional duties on various European origin goods (including aircraft, certain textiles and wearing apparel, hardware, cheeses, and other agricultural goods) due the ongoing Large Civil Aircraft (LCA) dispute with the European Union (EU).
On December 30, 2020, the U.S. Trade Representative (USTR) announced
On December 24, 2020, the United Kingdom (“UK”) and European Union (“EU”) agreed on a Trade and Cooperation Agreement to facilitate free trade between the UK and EU following the UK’s official exit from the EU on January 2, 2020. The UK Parliament approved the agreement and Prime Minister Boris Johnson signed it into law
U.S. Customs and Border Protection (“CBP”) issued a notice announcing the lapse of the Generalized System of Preferences (“GSP”) special tariff program, effective December 31, 2020, unless renewed by an act of Congress. The GSP is the oldest U.S. trade preference program and was established by the Trade Act of 1974. GSP effectively promotes the
On December 8, 2020, the U.S. Department of Commerce published a notice initiating new administrative reviews for antidumping duty (AD) and countervailing duty (CVD) orders with October anniversary dates. Listed below are the countries and products named in the notice:
The European Union (EU) has imposed additional tariffs on approximately $4 billion worth of U.S. goods, after a World Trade Organization (WTO) decision last month authorized proportionate retaliation against the U.S. for its subsidies to Boeing. According to the European Commission’s (EC) Implementing Regulation (“the Regulation”), published in the Official Journal of the European Union
On November 3, 2020, Commerce announced in the Federal Register the opportunity to request an annual administrative review for products that are currently subject to antidumping and countervailing duties. In addition to administrative reviews, Commerce has included an opportunity to request a new suspension agreement proceeding pertaining to certain cut-to-length carbon steel plate from Ukraine.
The U.S. International Trade Commission (“ITC”) found on October 20, 2020 that glass containers from China do not injure the U.S. industry, and thus made a negative determination in the final phase of the antidumping duty (“AD”) investigation. The ITC’s negative AD determination follows its negative countervailing duty (“CVD”) determination that was published in the
The World Trade Organization (WTO) issued a decision that the European Union (EU) is authorized to impose tariffs on approximately $4 billion worth of annual imports from the United States, an amount the WTO found to be “commensurate with the degree and nature of the adverse effects determined to exist.” The WTO’s decision is part
On October 1, 2020, Commerce announced in the Federal Register the opportunity to request an annual administrative review for products that are currently subject to antidumping and countervailing duties. In addition to administrative reviews, Commerce has included opportunities to request a new suspension agreement proceeding pertaining to lemon juice from Argentina and uranium from Russia.