Erik Smithweiss will be conducting a full day Customs Valuation Virtual Course for the Foreign Trade Association. This course is intended for compliance professionals with responsibility for U.S. and/or global customs compliance, and for management with finance responsibilities. The course will provide an in-depth review of the rules for customs valuation used in WTO member […]
WTO
UPDATE: W.T.O. DECISION AUTHORIZES THE U.S. TO IMPOSE $7.5 BILLION IN TARIFFS ON E.U. PRODUCTS
On October 2, 2019, the World Trade Organization (“W.T.O.”) announced that the U.S. can impose $7.5 billion in tariffs annually on products of the European Union (“E.U.”), in retaliation for the E.U. illegally subsidizing its large civil aircraft manufacturer, Airbus. In anticipation of this decision, the U.S. prepared two lists of tariff provisions on which […]
UPDATE: USTR ADDS TO LIST OF EU PRODUCTS BEING CONSIDERED FOR SEC. 301 TARIFFS
On July 2, 2019, the U.S. Trade Representative (“USTR”) announced that additional products of the European Union (“EU”) are being considered for inclusion in the list of products that may be subject to additional, Sec. 301, tariffs of up to 100%. The list of 89 additional tariff subheadings are valued at approximately $4 billion in […]