Top Stories: DHS Spring Agenda
DHS Releases Spring 2024 Agenda July 24, 2024 – DHS released its Spring 2024 Agenda last week. It outlines the status of final and pending regulations from the last several months. AAEI would like to call out two items of interest: 1) Customs Broker Identification of ImportersThis rule will require customs brokers to verify the […]
Top Stories: Tariffs’ Other Risks
White House: Tariffs as Tax Revenue Risks Inflation and Inequality July 17, 2024 – The White House Council of Economic Advisers released a blog post last week discussing the challenges and implications of using tariffs as a source of government revenue. The post emphasizes that using tariffs as a revenue source to replace income tax […]
Top Stories: UFLPA Report
DHS Prioritizes PCV, Aluminum, Seafood in UFLPA Enforcement July 10, 2024 – The Department of Homeland Security (DHS) announced this week that it is adding new high-priority sectors for enforcement of the Uyghur Forced Labor Prevention Act (UFLPA), “based on a finding that these industries involve a higher risk of forced labor of Uyghurs and […]
Top Stories: Tariff Changes
Section 301 Tariff Changes Draw Industry Criticism July 3, 2024 – Solar manufacturers requested retroactive relief from Section 301 tariffs on manufacturing equipment last month in response to the Office of the U.S. Trade Representative’s request for comments. Key concerns arose regarding the planned increase in Section 301 tariffs from 7.5% to 25% on lithium-ion […]
Top Stories: Illicit Trade
WCO Releases 2023 Illicit Trade Report June 26, 2024 – The World Customs Organization (WCO) released its 2023 Illicit Trade Report today, providing an analysis of global illicit trade trends and challenges. The report emphasizes the significant impact of illicit activities on legitimate markets, public trust, and the financing of criminal enterprises. Key areas covered […]
Top Stories: No VAT Exemption
South Africa Ends Small Package Tax Exemption June 19, 2024 – The South African Revenue Service (SARS) announced this month that it will discontinue its small packages exemption from tax and value-added tax (VAT). Starting July 1, 2024, imports valued under 500 South African rands will be taxed at the same rate as other imports. […]
Top Stories: Trade Facilitation
Lawmakers Work on Trade Facilitation for Customs Modernization June 12, 2024 – Sen. Bill Cassidy (R-LA), whose Customs Modernization bill would expand the enforcement power of U.S. Customs and Border Protection (CBP), released a proposal this week that outlines trade facilitation provisions. The document includes One U.S. Government at the Border (1USG), simplified drawback, streamlined […]
Top Stories: Export Manifest
CBP Renews ACE Export Manifest Test for Rail, Ocean and Air Cargo June 5, 2024 – U.S. Customs and Border Protection (CBP) announced test renewals for the Automated Commercial Environment (ACE) Export Manifest affected rail, ocean and air cargo. This week, CBP announced the two-year renewal of the ACE Export Manifest for Air Cargo. Renewal […]
Top Stories: Beijing Condemns UFLPA
Beijing: UFLPA Is a Human Rights Violation May 29, 2024 – China’s Foreign Ministry criticized the U.S.’s Uyghur Forced Labor Prevention Act (UFLPA) at a press conference in Beijing last week in response to the Senate Finance Committee’s release of an investigation accusing major automakers including BMW of poor UFLPA compliance. Wang Wenbin, spokesperson for […]
Top Stories: High Tariff Timeline
Higher Tariffs on Imports from China to Begin This Summer May 22, 2024 – The Office of the U.S. Trade Representative (USTR) will publish a notice tomorrow on the Biden Administration’s timing for higher Section 301 tariff rates affecting imports from China. USTR public inspection notice says, “…Increases in 2024 be effective August 1, 2024.” […]
