January’s Bureau of Labor Statistics report showing the largest 12-month increase in the consumer price index in 40 years shows the need for the "immediate elimination and refund of punitive Section 301 tariffs on U.S. imports from China,” said American Apparel & Footwear Association CEO Steve Lamar Thursday. “These price increases are not subtle and not sustainable,” said Lamar: “Consumers are feeling taxed at the register -- online and in-store -- due to record-setting inflationary pressure.” Lamar’s association was one of seven trade groups joining with CTA and the National Retail Federation to file an amicus brief in the Section 301 litigation urging the U.S. Court of International Trade to vacate the Lists 3 and 4A tariffs on Chinese imports due to violations of Administrative Procedure Act protections against sloppy and unresponsive federal rulemakings.
The American Apparel and Footwear Association, after the government Consumer Price Index for January showed apparel prices up 5.1% and footwear prices 6.1% higher compared with January 2021, is arguing for an "immediate elimination and refund of punitive Section 301 tariffs on U.S. imports from China." CEO Steve Lamar asked the Biden administration Feb. 10 "to pursue swift and effective policies to immediately alleviate the increasingly overwhelming costs on companies and address the shipping crisis," and to get involved with the port labor negotiations for West Coast ports. That contract expires this summer.
CBP is ending a special bond program for export consolidators at the Miami and Port Everglades ports of entry, it said in a notice. The agency is giving participants in the In-Bond Export Consolidator (IBEC) Program a one-year grace period, until Feb. 11, 2023, to “transition their facility status to either a customs bonded warehouse, container freight station, foreign trade zone, or a facility operated as a non-vessel operating common carrier, depending on their business needs, and also obtain the appropriate bond(s).”
A CBP protest was not needed to establish jurisdiction in two companies' challenge to CBP's assessment of Section 301 tariffs on goods subsequently granted a tariff exclusion since the challenge is not an entry-specific matter, the companies, ARP Materials and Harrison Steel, said in a Feb. 7 brief. Replying to the U.S.'s arguments at the U.S. Court of Appeals for the Federal Circuit, the plaintiff-appellants said that their challenge has jurisdiction under Section 1581(i), the trade court's "residual" jurisdiction provision, since the action relates to CBP's imposition of the requirements of an "inapt statute" to all the entries excluded from tariff lists 2 and 3 (ARP Materials Inc. v. United States, Fed. Cir. #21-2176).
CBP issued the following releases on commercial trade and related matters:
CBP is ending a special bond program for export consolidators at the Miami and Port Everglades ports of entry, it said in a notice. The agency is giving participants in the In-Bond Export Consolidator (IBEC) Program a one-year grace period, until Feb. 11, 2023, to “transition their facility status to either a customs bonded warehouse, container freight station, foreign trade zone, or a facility operated as a non-vessel operating common carrier, depending on their business needs, and also obtain the appropriate bond(s).”
With new data out about exports to China, economist Chad Bown of the Peterson Institute for International Economics says that China only bought 60% of the goods it promised, and about 57% of all it promised, when services are included. In all, China said it would buy $502.4 billion from U.S. sources in 2020 and 2021.
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CBP issued the following releases on commercial trade and related matters:
With new data out about exports to China, economist Chad Bown of the Peterson Institute for International Economics says that China only bought 60% of the goods it promised, and about 57% of all it promised, when services are included. In all, China said it would buy $502.4 billion from U.S. sources in 2020 and 2021.