Commerce Secretary Gina Raimondo told senators that the preliminary finding that antidumping and countervailing duties ought to roughly double on imported Canadian software lumber "couldn’t have come at a worse time," since she has been hearing from stakeholders consistently that the surge in the price of lumber is hurting builders and consumers. Raimondo, who was testifying at a May 26 hearing before a Senate Appropriations subcommittee that covers her agency, was first asked about the issue by ranking member Sen. Jerry Moran, R-Kan.
International Trade Today is providing readers with the top stories from May 17-21 in case they were missed. All articles can be found by searching on the titles or by clicking on the hyperlinked reference number.
The Leveling the Playing Field Act 2.0 (see 2104160037) could provide the new tools the administration needs to defend the U.S. from trade distortions caused by Chinese firms, Ohio's two senators wrote to Commerce Secretary Gina Raimondo and U.S. Trade Representative Katherine Tai.
The following lawsuits were filed at the Court of International Trade during the week of May 10-16.
Golf clubs are commonly made with components from multiple countries of origin and may be subject to additional tariffs, depending on the origin, CBP said in a May 18 CSMS message. That is why importers of completed golf clubs are required to include origin information for each component, it said.
International Trade Today is providing readers with the top stories from May 10-14 in case they were missed. All articles can be found by searching on the titles or by clicking on the hyperlinked reference number.
Former Trans-Pacific Partnership negotiator Wendy Cutler told an audience for an Atlantic Council webinar that the U.S. cannot rejoin even a renegotiated TPP in the next two years, and maybe not during the next four. Cutler, a vice president of the Asia Society Policy Institute, said that the administration should try to ink mini-deals with TPP countries on digital trade, like it did with Japan, and said that maybe there can be coordination on supply chains or climate and trade. Cutler was also chief negotiator on the Korea free trade agreement.
After the European Union announced May 17 that it will not double retaliatory tariffs on U.S. exports on June 1, exporters expressed relief. More significantly, the joint statement between the EU and Office of the U.S Trade Representative said the two sides are aiming for a united approach to global overcapacity distortions that would allow the 25% and 10% tariffs under Section 232 to be removed at the end of the year. Domestic metal producers welcomed that news, but the union that represents steelworkers reacted with some alarm.
The following lawsuits were filed at the Court of International Trade during the week of May 3-9.
U.S. Trade Representative Katherine Tai, in her second day of testimony on Capitol Hill, heard again and again from members of Congress who are hearing from companies in their districts that they want Section 301 tariff exclusions back. She heard repeatedly that the 9% countervailing duties on Canadian lumber are making a bad situation worse. And she heard that the Miscellaneous Tariff Bill and Generalized System of Preferences benefits program should be renewed. On each topic, both Democrats and Republicans shared concerns, though on GSP, Republicans only spoke of the cost to importers, while Democrats worried about the effects of GSP on the eligible countries. Tai testified for more than four hours in front of the House Ways and Means Committee on May 13.