The Miscellaneous Tariff Bill became law Sept. 13 with the signature of the president, the White House announced on Sept. 13. The tariff rate reductions on nearly 1,700 items will take effect Oct. 13 -- 30 days after enactment. The reductions, which will last through the end of 2020, only affect the Most Favored Nation rate and not Section 301 tariffs. The International Trade Commission developed the list, and most of the items are intermediate goods, but some are consumer goods that are not produced in the U.S.
The Washington Tax and Public Policy Group opened a new division to focus on trade issues, the lobbying firm said in a news release. The new division, WTG Global, is led by Brian Diffell, who joined the firm in 2013 after working as a congressional staffer. Among issues WTG Global will work on are Section 232 tariffs on steel and aluminum, Section 301 tariffs and NAFTA, it said.
International Trade Today is providing readers with some of the top stories for Sept. 4-7 in case they were missed.
The Section 232 quotas on steel and aluminum from certain countries and exclusions from the Section 232 tariffs are among the toughest procedural challenges CBP is facing in dealing with those trade remedies, CBP officials from the Base Metals Center of Excellence and Expertise recently told the American Institute for International Steel. AIIS said in its newsletter that the group's customs committee held a conference call on Sept. 6 with Center Director Africa Bell and other officials. CBP is in the process of making fixes to aid in the remedying of those problems, it said.
The Bureau of Industry and Security is extending until Sept. 25 the deadline for public comments on the Section 232 investigation into the national security effects of uranium imports (see 1807180029), BIS said in a notice. Comments had originally been due Sept. 10. The agency seeks input on the health of the domestic uranium industry, quantities of uranium imports and industry growth needed to meet national security requirements.
It's uncertain how long it would take the International Trade Commission to report on the economic impact of an updated NAFTA, as required under Trade Promotion Authority, ITC Chairman David Johanson said during an Appropriations subcommittee hearing on Sept. 6. Commerce Subcommittee Chairman Jerry Moran, R-Kan., asked Johanson if the ITC's evaluation could be started before a deal signing and inquired on how long it might take. Johanson said he could not say how long it would take, but acknowledged they cannot even start without the text, and they do not have the text yet for the U.S.-Mexico agreement that was announced in late August. The ITC has 105 days from signing to finish, and if it took that long, a vote would likely come no sooner than the middle of next year, because Congress also has 45 session days to write the implementing legislation.
The Bureau of Industry and Security is set make changes to the process for requesting exclusions from Section 232 tariffs and quotas on steel and aluminum products. The interim final rule creates procedures for rebutting objections to exclusion requests, clarifies the criteria BIS reviews when deciding whether to grant or deny requests, and provides for broader exclusion requests based on ranges or dimensions within the same Harmonized Tariff Schedule code.
Usually tariff issues are taken up in the Senate Finance Committee, but the Senate Labor Committee examined recent trade policies during a Sept. 5 hearing. Labor ranking member Patty Murray, D-Wash., noted the committee has an interest because of the effect on workers. "[President Donald] Trump is playing a dangerous game right now, and workers are paying the price," she said.
The International Trade Commission recently issued Revision 11 to the Harmonized Tariff Schedule. Changes include those required to implement new exemptions from absolute quotas on steel from Argentina, Brazil and South Korea, and aluminum from Argentina, imposed as part of those countries’ deals to escape Section 232 tariffs (see 1808300004). Those changes take effect Aug. 30. The updated HTS also includes amendments effective Sept. 1 to rules of origin under the U.S.-Bahrain Free Trade Agreement. Finally, the recently revised subheading 9705.00.0085, which since July 1 has covered “zoological, botanical, mineralogical, anatomical, historical and paleontological pieces,” now refers more broadly to “other” collections or collectors’ pieces (i..e, other than numismatic, archaeological or ethnographic pieces). That change takes effect retroactively to July 1.
The "agreed outcomes" to the U.S.-Korea Free Trade Agreement were published by the U.S. Trade Representative on Labor Day, and they lay out the language changes put in place to protect the U.S. light truck market from Korean imports for another 20 years. In the original KORUS, agreed to in 2011, the 25 percent tariff on light trucks would last until 2021. In the renegotiated KORUS, they last through 2041. "The publication of the text of the agreed outcomes follows the completion in mid-August of U.S. domestic consultation procedures," said the USTR in a news release. "Korea will now initiate the next step in its own domestic procedures, which is to open for public comment the provisional Korean translations of the outcomes to amend the KORUS Agreement."