A past trade staffer from the Senate Finance Committee said that if Congress wanted to write tariffs into law in order to use that revenue as a partial pay-for in tax cut extensions, those tariffs would likely wait until January 2026, as that's when the tax laws would take effect.
The following lawsuit was recently filed at the Court of International Trade:
After the Court of International Trade ruled that a Section 301 exclusion for side protective attachments for trucks is a principal use provision, not an eo nomine one (see 2410070030), a vehicle accessories importer asked CIT Judge Jennifer Choe-Groves on Nov. 6 to either reconsider or let it bring an interlocutory appeal to the U.S. Court of Appeals for the Federal Circuit (Keystone Automotive Operations v. U.S., CIT # 21-00215).
In less than three months, President Donald Trump will be back in the White House, after a campaign during which he floated 10% or 20% tariffs on all countries except China, which would be hit with an additional 60 percentage points on top of current tariffs.
The following are short summaries of recent CBP NY rulings issued by the agency's National Commodity Specialist Division in New York:
The Court of International Trade rejected importer Retractable Technologies' bids for a temporary restraining order and preliminary injunction stopping the collection of Section 301 duties on its needles and syringes. However, in a decision made public Nov. 4, Judge Claire Kelly did stop liquidation of Retractable's entries during the course of the company's suit, which challenges the legality of a Section 301 rate hike on needles and syringes.
Oil trader Gary Oztemel will pay $301,575 to settle charges that he violated the Foreign Corrupt Practices Act for paying over $1 million in bribes to Brazilian officials to secure contracts for two U.S. energy corporations. Oztemel pleaded guilty in June to money laundering, leading to the final plea settlement.
The following lawsuits were filed at the Court of International Trade during the week of Oct. 28 - Nov. 3:
Oil trader Gary Oztemel will pay $301,575 to settle charges that he violated the Foreign Corrupt Practices Act for paying over $1 million in bribes to Brazilian officials to secure contracts for two U.S. energy corporations. Oztemel pleaded guilty in June to money laundering, leading to the final plea settlement.
The Court of International Trade on Nov. 1 dismissed importer Travelway Group International's customs suit for lack of prosecution. The company put its action on the customs case management calendar but failed to remove it or request an extension before time expired. Travelway brought the suit to argue that its backpacks and bags of Harmonized Tariff Schedule subheadings 4202.92.3120 and 4202.92.3131 qualify for Section 301 exclusions. Counsel for the importer didn't respond to a request for comment (Travelway Group International v. United States, CIT # 22-00312).