The National Pork Producers' Legislative Action Conference made advocating for market access in Vietnam one of its top three priorities, the trade group said April 14. The NPP Council urged farmers to ask their representatives to sign onto a letter led by Reps. Ron Kind, D-Wis.; Darin LaHood, R-Ill; Dusty Johnson, R-S.D.; and Jim Costa, D-Calif. That letter, sent to U.S. Trade Representative Katherine Tai, asks, "While you discuss the full range of trade issues with Vietnam, including those subject to Section 301 investigations, please consider pressing for further market access for U.S. pork."

The three-judge panel in the Section 301 litigation before the U.S. Court of International Trade scheduled an April 26 status conference for 9:30 a.m. EDT, said an order signed Thursday. The conference is an apparent try to hammer out a compromise between plaintiffs and defendants over the disputed refund relief issue for importers seeking to have the Lists 3 and 4A tariffs vacated. Broad disagreement separates the HMTX-Jasco plaintiffs in the sample case from the government over whether importers who prevail on the merits of the massive litigation would be entitled to tariff refunds on customs entries whose liquidations are final, according to a joint status report filed April 12 with the court (see 2104130025). The impasse had HMTX-Jasco attorneys from Akin Gump warning they would move April 22 for a declaratory judgment that the court has the authority to order refunds of liquidated entries if the plaintiffs win. They alternatively threatened to seek a court injunction to suspend liquidations on all goods from China with Lists 3 and 4A tariff exposure until the litigation is resolved. Scheduling the status conference for four days after the Akin Gump deadline suggests those motions are now on hold, pending the outcome of the conference. Akin Gump and DOJ didn’t comment Friday.

Staggering numbers stood out in Amazon founder Jeff Bezos’ final shareholder letter as CEO, in Thursday's posting, citing the e-commerce pioneer’s revenue growth, employee expansion and towering stock price rise from its opening $18 per share valuation when it went public almost 12 years ago. Bezos will soon transition to executive chairman, relinquishing the CEO post to Amazon Web Services CEO Andy Jassy. Of the company’s $386 billion revenue in 2020, $301 billion was value created, for consumer and AWS customers ($164 billion), employees ($91 billion), third-party sellers ($25 billion) and shareholders ($21 billion), said Bezos. The goal of a business “should be to create value for everyone you interact with,” said the outgoing CEO, who will hand over the reins to Jassy in Q3. Bezos calculated value to customers in terms of time savings. Customers complete 28% of purchases on Amazon in three minutes or less, and half of all purchases are finished in less than 15 minutes, said Bezos. He compared that time with “about an hour” shoppers spend in the physical store experience. He estimated a "conservative" $10 per hour in time savings. Bezos estimated the company’s value creation for customers using the AWS cloud computing platform last year at $38 billion, based on the assumption that operating in the cloud delivers a 30% improvement in costs, along with the increased speed AWS provides in software development. AWS revenue was $45 billion. Third-party seller profits from selling on Amazon were estimated at $25 billion-$39 billion, he said. Seven-eighths of the $1.6 trillion of wealth Amazon has created for shareholders since the stock began trading benefits pension funds, universities, 401(k) plans and individuals, he said. The stock closed marginally higher Thursday at $3,379.09.

Staggering numbers stood out in Amazon founder Jeff Bezos’ final shareholder letter as CEO, in Thursday's posting, citing the e-commerce pioneer’s revenue growth, employee expansion and towering stock price rise from its opening $18 per share valuation when it went public almost 12 years ago. Bezos will soon transition to executive chairman, relinquishing the CEO post to Amazon Web Services CEO Andy Jassy. Of the company’s $386 billion revenue in 2020, $301 billion was value created, for consumer and AWS customers ($164 billion), employees ($91 billion), third-party sellers ($25 billion) and shareholders ($21 billion), said Bezos. The goal of a business “should be to create value for everyone you interact with,” said the outgoing CEO, who will hand over the reins to Jassy in Q3. Bezos calculated value to customers in terms of time savings. Customers complete 28% of purchases on Amazon in three minutes or less, and half of all purchases are finished in less than 15 minutes, said Bezos. He compared that time with “about an hour” shoppers spend in the physical store experience. He estimated a "conservative" $10 per hour in time savings. Bezos estimated the company’s value creation for customers using the AWS cloud computing platform last year at $38 billion, based on the assumption that operating in the cloud delivers a 30% improvement in costs, along with the increased speed AWS provides in software development. AWS revenue was $45 billion. Third-party seller profits from selling on Amazon were estimated at $25 billion-$39 billion, he said. Seven-eighths of the $1.6 trillion of wealth Amazon has created for shareholders since the stock began trading benefits pension funds, universities, 401(k) plans and individuals, he said. The stock closed marginally higher Thursday at $3,379.09.

The three-judge panel in the Section 301 litigation before the U.S. Court of International Trade scheduled an April 26 status conference for 9:30 a.m. EDT, an order signed Thursday said. The conference is an apparent try at hammering out a compromise between plaintiffs and defendants over the disputed refund relief issue for importers seeking to have the lists 3 and 4A tariffs vacated. Broad disagreement separates the HMTX-Jasco plaintiffs in the sample case from the government over whether importers who prevail on the merits of the massive litigation would be entitled to tariff refunds on customs entries whose liquidations are final, according to a joint status report filed April 12 with the court (see 2104130036). The impasse had HMTX-Jasco attorneys from Akin Gump warning they would move April 22 for a declaratory judgment that the court has the authority to order refunds of liquidated entries if the plaintiffs win. They alternatively threatened to seek a court injunction to suspend liquidations on all goods from China with lists 3 and 4A tariff exposure until the litigation is resolved. Scheduling the status conference for four days after the Akin Gump deadline suggests those motions are now on hold, pending the outcome of the conference. Akin Gump and DOJ didn’t comment Friday.

The top Republican on the House Ways and Means Committee said the delay in extending the Generalized System of Preferences benefits program and passing a new Miscellaneous Tariff Bill “has real consequences for our businesses and families, especially right now.”

Staggering numbers stood out in Amazon founder Jeff Bezos’ final shareholder letter as CEO, in Thursday's posting, citing the e-commerce pioneer’s revenue growth, employee expansion and towering stock price rise from its opening $18 per share valuation when it went public 12 years ago next month. Bezos will transition in Q3 to executive chairman, relinquishing the CEO post to Amazon Web Services CEO Andy Jassy.

At a time when hurricane damage, violence and poverty are driving more Central Americans to the U.S., consultants, advocates and former diplomats say the Central America Free Trade Agreement, or CAFTA, needs changes to spur development in Guatemala, Honduras and El Salvador. Those Northern Triangle countries are the ones sending large numbers of asylum seekers to the U.S. in the last few years. Kellie Meiman Hock, a McLarty Associates managing partner who led the April 14 panel hosted by the Washington International Trade Association, noted that when CAFTA was ratified more than 15 years ago, the hope was that it would bring more economic development to Central America. But instead, trade from the region has been flat.

The briefing schedule in the massive Section 301 litigation inundating the U.S. Court of International Trade will end Nov. 15, said an order (in Pacer) signed Tuesday by the three-judge panel of Mark Barnett, Claire Kelly and Jennifer Choe-Groves. It was a small victory for Akin Gump lawyers representing sample case plaintiffs HMTX Industries and Jasco Products, who asked in their joint status report Monday for that deadline (see 2104130025). DOJ wanted a Dec. 23 deadline, saying it feared attorneys in the 3,700 stayed cases would file a large volume of amicus briefs that the government would need time to respond to. “The court does not anticipate extending these deadlines absent extraordinary circumstances, which may include an exceptionally large number of amicus briefs presenting distinct arguments,” said Tuesday’s order. The court will contact Akin Gump and DOJ about scheduling a status conference to discuss their disagreements over refunding importers for liquidated customs entries if they win the litigation. Akin Gump warned Monday it would seek declaratory judgment April 22 that the court has the authority to order refunds or would move for an injunction suspending liquidations until the litigation is resolved. All the complaints filed since September allege the List 3 and 4A tariffs on Chinese goods are unlawful because they violate the 1974 Trade Act and 1946 Administrative Procedure Act. The first date on the briefing schedule is for DOJ’s April 30 filing of an administrative record index in the case. That’s a summary of documents and materials in the government’s possession that helped inform its List 3 and 4A tariff decisions. Amicus briefs from the lawyers in the stayed cases are due Aug. 9, and DOJ’s responses are due Oct. 1.

The Section 301 tariffs on Chinese goods imposed under President Donald Trump had “a significant impact” on Panasonic North America, Jeff Werner, vice president-corporate and government affairs, told CTA’s virtual Innovation Policy Summit Wednesday. “We did everything we could to sort of mitigate that, including a robust use of the exclusions process,” he said.