Advanced Micro Devices is “working through” the U.S.-China “trade situation” as “an industry,” Ruth Cotter, senior vice president-marketing, human resources and investor relations, told a Bank of America Merrill Lynch investor conference Thursday. The chipmaker is “partnering” with the Semiconductor Industry Association “and others” to mitigate the impact of the List 3 Section 301 tariffs on Chinese goods, which increased to 25 percent May 10 (see 1905090018), she said. “We're watching it carefully and ensuring that we are somewhat risk-mitigated as it pertains to tariffs and managing that for our customers.” AMD sources products from two “foundry partners” based outside China, she said. It also has “some backend manufacturing assets” and “test and assembly” operations in Malaysia, “so some of that is outside of China as well,” she said. “So kind of well-positioned from that perspective. I would say we're watching and monitoring the situation carefully.”

CBP will add the ability in ACE for importers to file entries with the fifth group of exclusions from the first tranche of Section 301 tariffs on June 11, it said in a CSMS message. Filers of imported products that were granted an exclusion (see 1906030038) should report the regular Chapter 84, 85 or 90 Harmonized Tariff Schedule number, as well as subheading 9903.88.10, for products subject to Section 301 duties on products from China but that have been granted an exclusion by the Office of the U.S. Trade Representative. “Importers shall not submit the corresponding Chapter 99 HTS number for the Section 301 duties when HTS 9903.88.10 is submitted,” CBP said.

Tier 3 China-based TV supplier Broad Electronics is seeking to expand its private-label business through regional U.S. retailers, Al Levene, general manager of its American business, told Consumer Electronics Daily Thursday. The company for nearly a year has been supplying private-label, 32-to-65-inch TVs under the BEA brand to the Nationwide buying group, which accounts for about 35 percent of its U.S. revenue. It also supplies sets to BrandsMart under the Atak, Bolva, Etec and Vidao brands.

Element Electronics, as it did successfully last year, again is floating the threat of job losses in South Carolina in a strategy to defeat the proposed List 4 Section 301 tariffs of up to 25 percent on the LCD panels and printed-circuit assemblies it imports from China. Element is “the sole U.S. mass assembler” of LCD TVs, and tariffs would destroy its competitiveness against companies that import finished TVs from Mexico, it commented in docket USTR-2019-0004 in requesting to appear at the List 4 public hearings that begin June 17.

A domestic steel manufacturer filed petitions on June 6 with the Commerce Department and the International Trade Commission requesting new antidumping duty investigations on collated steel staples from South Korea, China and Taiwan, and new countervailing duties on the same product from China. Commerce will now decide whether to begin AD/CVD investigations on collated steel staples that could eventually result in the assessment of AD/CV duties. The petition was filed by Kyocera Senco Industrial Tools, Inc.

The Customs Rulings Online Search System (CROSS) was updated June 6. The most recent ruling is dated June 4. The following headquarters rulings not involving carriers were "modified" on June 6, according to CBP:

The New Democrats caucus, which includes the most pro-free-trade members in the party in the House of Representatives, has released a lengthy list of things they want to see in exchange for their votes for the new NAFTA ratification.

Texas Instruments credits a versatile supply chain for its experiencing little to no impact from the May 10 increase to 25 percent in the List 3 Section 301 tariffs on Chinese goods (see 1905090018), Vice President-Investor Relations Dave Pahl told a Bank of America Merrill Lynch investor conference Tuesday. “The direct impact is real easy to measure, and it's a number very close to zero.”

The Office of the U.S. Trade Representative posted a notice on its website that extends the June 1 deadline to June 15 for goods in transit that will be subject to a Section 301 tariff increase (see 1905310070). Chinese imports subject to the third tranche of Section 301 tariffs that were on the water as of May 10 will stay at the 10 percent tariff rate through June 15. The previously announced HTS subheading, 9903.88.09, will continue to apply to those goods, USTR said.

The New Democrats caucus, which includes the most pro-free-trade members in the party in the House of Representatives, has released a lengthy list of things they want to see in exchange for their votes for the new NAFTA ratification.