The top Republican on the House Ways and Means Committee said it will make allies laugh if Congress passes a bill that urges the Office of the U.S. Trade Representative to work to convince other countries to remove Russia from their normal tariff schedule offered to World Trade Organization members, given that the U.S. is not doing that.
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CBP recently ruled that imports of men's suits from an Italian parent company to its related U.S. importer didn't qualify for first sale treatment. In a ruling issued Jan. 4 and released March 7, the agency said that transactions between factory and parent company and between parent company and importer don't qualify as "sales" and that the transaction value between the importer and its U.S. customers should instead be used to value the merchandise. The ruling followed a request for internal advice from the CBP Validation and Compliance Division as to how to correctly appraise the suits.
House Ways and Means Trade Subcommittee Chairman Earl Blumenauer said that although the House will vote to endorse the administration's decision to ban oil, natural gas and coal imports from Russia, ending Russia's normal trading status will not be part of the legislation. He said he expects a vote before House Democrats leave for a retreat at noon on March 9.
No new purchases of Russian oil, liquefied natural gas or coal can be made by American parties, starting March 8, the White House said. But, there will be a 45-day wind-down period where deliveries from contracted purchases can enter the U.S., a senior government official said. The Treasury Department issued a general license outlining the details.
The leaders of the Senate Finance and House Ways and Means committees agreed on legislation to suspend normal trade relations with Russia and Belarus and to ban the import of oil from Russia, they said on March 7.
A recent Court of International Trade opinion left prior court precedent on the question of what constitutes a substantial transformation "dead, or on life support," an analysis from law firm Neville Peterson said. The result is that importers who have been told by CBP that the country of origin of their goods is the country of origin of the goods' major inputs or essential components will likely seek reconsideration of those rulings, seeking refunds on Section 301 China tariffs in particular, the firm said.
CBP issued a correction to a recent notice that proposed and outlined new data elements meant to help with vetting members of the Customs-Trade Partnership Against Terrorism (see 2202170041). "The document contained information about the CTPAT Portal that was in the process of being updated to meet current modern computing standards and to allow for updates to the minimum-security criteria," the agency said in a notice released March 3. "Due to unforeseen developmental delays, CBP is pausing proposed updates to these internal systems."
The Federal Maritime Commission is planning to issue an advance notice of proposed rulemaking on container return and "earliest return date" practices by carriers, Commissioner Rebecca Dye told the Senate Commerce Committee. She also said there will be an advance notice of proposed rulemaking on detention and demurrage billing practices.
China's lack of worker rights, weak environmental standards "and anticompetitive subsidies are the hallmarks of China’s artificial comparative advantage. It is an advantage that puts others out of business and violates any notion of fair competition," the annual trade policy agenda from the Office of the U.S. Trade Representative said, and the administration is looking to advance fair competition "through all available avenues," including coordinating with other countries, using existing trade agreements, or new tools, it said.