HUSCHBLACKWELL
On February 24, 2022, the United States imposed a combination of extensive and complex trade sanctions and export controls against Russia in response to is invasion of Ukraine.
News / Regulatory Updates
On Monday February 7, 2022 the United States Trade Representative (USTR) announced a 232 Tariff Agreement with Japan. The new agreement will allow Japan to ship up to 1.25 million tons of steel under a tariff rate quota (TRQ) without paying the 25% tariff. Any steel shipped in excess of the 1.25 million tons will be subject to the 25% tariff. The agreement which will take effect April 1st did not change the 10% tariff on aluminum.
On Friday February 4, 2022, the President of the United States issued a Proclamation to Continue Facilitating Positive Adjustment to Competition from Imports of Certain Crystalline Silicon Photovoltaic Cells (CSPV) (Whether or Not Partially or Fully Assembled into Other Products.
The Census Bureau’s Economic Management Division (EMD) is announcing the publication of a Notice of Proposed Rulemaking (NPRM) seeking public comments on its consideration to add a conditional data element, country of origin, when foreign origin is selected in the Foreign/Domestic Origin Indicator field in the Automated Export System (AES).
Chinese authorities announced a lockdown due to positive COVID infections in Ningbo effecting the supply chain. The district of Beilun in Ningbo is on partial lockdown following the discovery of coronavirus cases on Saturday.
On Thursday, December 23, 2021, President Biden signed into law the Uyghur Forced Labor Prevention Act, which is a bipartisan bill to ensure that goods made with forced labor in the Xinjiang Uyghur Autonomous Region (XUAR) of China do not enter the United States.
The Major Harmonized Tariff Schedule Changes that were to take place on January 1, 2022, have been postponed until late January. Today, the President issued a Proclamation to Modify the Harmonized Tariff Schedule; however, the changes will not go into effect until 30 days following the publication of the Presidential Proclamation in the Federal Register which has yet to take place.
On January 1, 2022, the seventh edition of the Harmonized System (HS) will enter into force for all countries which subscribe to the Harmonized System Convention. This edition makes some sweeping changes to the Harmonized System with a total of 351 sets of amendments covering a wide range of goods moving across borders.
Due to recent flooding in British Columbia, Canada, all rail service to and from the Port of Vancouver, including Deltaport and Centerm terminals, has been suspended at this moment. Both CN and CP rails are working to assess the damages and timing needed for repair and resume operations.
On Tuesday, November 16, 2021, the United States Trade Representative (USTR) office in Federal Register Notice 86 No 218 FR 63438 stated that the Section 301 Exclusions for 99 Covid-19 related medical supplies originally scheduled to expire on November 14, 2021, would be extended through November 30, 2021, and that 81 items would be extended for an additional six months to May 31, 2022.