As companies seek to accommodate changes in U.S. tariffs, they should seek to understand the terms of their intercompany agreements and transfer pricing policies to avoid potential violations, according to an energy and infrastructure lawyer with Baker McKenzie.
CBP said it will be deploying on June 28 an enhancement in the ACE production environment that will increase the number of Harmonized Tariff Schedule numbers allowed per entry summary line to 32, up from eight HTS numbers presently. The number had been expected to increase to 16, according to a CBP announcement earlier this month (see 2506130068).
House Ways and Means Committee Chairman Jason Smith, R-Mo., said he would "love" if a provision his committee authored, to end de minimis for all commercial purposes in 2027, would make it into the Senate version of what Republicans call "One Big Beautiful Bill."
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As the Commercial Customs Operations Advisory Committee voted at its June 18 quarterly meeting to pass along to CBP various recommendations offered by the subcommittees, CBP received public comments seeking clarification on whether the agency still will be processing paper payments after Sept. 30.
The Senate version of the tax bill moving through Congress cut out two trade-related provisions that passed the House -- one, which would end de minimis for all imports in July 2027, and the other, curtailing drawback for tobacco products.
CBP issued the following releases on commercial trade and related matters:
CBP issued the following releases on commercial trade and related matters:
CBP will be increasing the number of Harmonized Tariff Schedule numbers allowed per entry summary line in ACE from eight to 32, the agency said in a June 6 cargo systems message.
Two Republican senators on the Appropriations Committee whose states have major foreign automakers' factories asked Commerce Secretary Howard Lutnick if the administration would support an export credit for major auto exporters. Sen. Katie Britt, R-Ala., referred to the fact that about two-thirds of the Mercedes vehicles assembled in Alabama are exported, and asked if an export credit is still under discussion.