With negotiations expected to begin in earnest soon on the House and Senate's trade packages, staffers in both chambers of Congress say there could be support for antidumping and countervailing duty reform and language around Section 301 tariff exclusions, but the likelihood of a dramatic de minimis change seems somewhat remote.
A wide variety of trade groups told the Commerce Department that while they know the administration doesn't intend to tackle tariffs as part of its negotiations with Asian countries, they think offering to lower tariffs on U.S. goods would be the best way to get ambitious commitments in the region, and many said reconsidering the re-named Trans-Pacific Partnership is better than the conceived Indo-Pacific Economic Framework.
Academics and human rights organization employees are concerned about trade groups' requests at a public hearing on the implementation of the Uyghur Forced Labor Prevention Act.
House Majority Leader Steny Hoyer, D-Md., said it would be good if the House and Senate could name their respective conferees to the committee that will aim to hash out a compromise between the two chambers' China packages. He said the next two weeks, when Congress will not be in Washington, could be put to good use by the members. But Hoyer suggested the House will wait until the Senate passes its motion to go to conference, and gives its negotiating instructions.
CBP aims to start development of “ACE 2.0” in 2025, building off the work going into CBP’s 21st Century Customs Framework (21CCF) and the legislative framework that emerges from that effort, said Gail Kan, CBP acting executive director for trade policy and programs, during a meeting of the Commercial Customs Operations Advisory Committee March 31.
Rep. Kevin Brady, the top Republican on the House Ways and Means Committee, said that when Republicans meet privately with U.S. Trade Representative Katherine Tai ahead of her testimony March 30, they will argue that the Section 301 exclusions announced last week (see 2203230070) were far too limited.
The Commerce Department is amending the final results in a countervailing duty administrative review on certain cut-to-length carbon-quality steel plate (CTL plate) from South Korea (C-580-837), covering entries during the calendar year 2018 review period, it said in a notice released March 25. It said its revision to the countervailable subsidy rate assigned to Hyundai Steel Company is due to a recent court judgment that affected the way it calculated the rate.
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The Ocean Shipping Reform Act is part of the House China package, and a Senate version is going to have a markup next week. House co-sponsor Dusty Johnson, R-S.D., said the bill's advocates need senators "to be able to punch this into the end zone."
International Trade Today is providing readers with the top stories from last week in case they were missed. All articles can be found by searching on the titles or by clicking on the hyperlinked reference number.