A new Section 301 investigation on Chinese legacy chips may lead to a tariff regime that could create havoc, according to Sidley Austin's Ted Murphy, who specializes in trade and customs.
The Customs Rulings Online Search System (CROSS) was updated between Dec. 17 and Dec. 20 with the following headquarters ruling (ruling revocations and modifications will be detailed elsewhere in a separate article as they are announced in the Customs Bulletin):
Importer Generac Power Systems brought on Dec. 20 two complaints to the Court of International Trade alleging CBP, in 2020, applied Section 301 tariffs to multiple of its entries despite excluding “substantially identical” merchandise (Generac Power Systems v. U.S., CIT # 20-03882, -03920).
CBP has moved up the target date for when the agency expects to deploy an enhancement that could affect facilities handling low-value Section 321 shipments.
A bipartisan, bicameral bill would create a Maritime Security Trust Fund, into which revenues would come from tonnage fees on Chinese-owned and Chinese-flagged ships visiting U.S. ports, special tonnage taxes, light money, and tariffs and duties, including Section 301 tariffs.
The following lawsuits were recently filed at the Court of International Trade:
A bipartisan, bicameral bill would create a Maritime Security Trust Fund, into which revenues would come from tonnage fees on Chinese-owned and Chinese-flagged ships visiting U.S. ports, special tonnage taxes, light money, and tariffs and duties, including Section 301 tariffs.
CBP issued the following releases on commercial trade and related matters:
The Office of the U.S. Trade Representative opened an investigation into Chinese manufacturing of legacy (or foundational) semiconductors, "including to the extent that they are incorporated as components into downstream products for critical industries like defense, automotive, medical devices, aerospace, telecommunications, and power generation and the electrical grid."
The following are short summaries of recent CBP NY rulings issued by the agency's National Commodity Specialist Division in New York: