In November 2021, the U.S. started to pull back on Section 232 tariffs using tariff rate quotas on imported steel and aluminum from the EU. The U.S. and Japan have agreed to a similar strategy on imported steel from Japan to take effect April 1, 2022. Similar to the EU deal, importers of Japanese steel…
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On March 11, President Joe Biden issued an executive order that bans luxury goods headed to Russia. This includes vehicles, jewelry, high-end alcohol, and high-end watches. A fact sheet states that Russians import about $550 million worth of these goods a year. New banking-related and financing restrictions have also been announced, as well as blocking…
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Through last week, BIS issued additional rules restricting exports to Belarus, updating previous changes to the Russia-related restrictions, and expanding sectoral sanctions on the Russian oil refining sector. Below we provide a brief summary of the new rules and restrictions. Belarus Export Controls and Changes in Scope to Existing Controls for Russia (Effective as of…
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The U.S. has announced another set of “expansive” Russia sanctions. The designations include more than 80 people and entities in Russia or Ukraine that either offer financial support to the Kremlin or help the government “promulgate disinformation and influence perceptions.” The State Department is also sanctioning 22 Russian defense firms, including entities that develop and…
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The Treasury and Commerce Departments have announced new export controls and sanctions against Russia, following remarks by President Joe Biden. These new measures include export control license requirements for much of the Commerce Control List, and the expansion of sanctions, including to entities in Belarus. The Bureau of Industry and Security (BIS) has also released…
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The Census Bureau has decided to forego eliminating the EEI requirements for Puerto Rico and the U.S. Virgin Islands. They stated that no alternative data source could be found to replace the information that would have no longer been submitted by exporters. What Some Commenters Had to Say Those backing the requirement told Census that…
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It is important to know that CBSA will require all importers (including non-resident importers) and their trade chain partners to register for a CARM account, to allow your broker to release your goods and make entry on your behalf. Failure to apply for a CARM account will prevent you from importing. What is the timeline?…
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As of January 12, 2022, the effective date for the interim final rule published October 21, 2021 is delayed to March 7, 2022. On October 21, 2021, the Bureau of Industry and Security (BIS) published an interim final rule that establishes new controls on certain cybersecurity items for National Security (NS) and Anti-terrorism (AT) reasons,…
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UPDATE:12/29/21— The changes to the U.S. Harmonized Tariff Schedule (HTS) will take effect 30 days from the notice's publish date in the Federal Register. The proclamation amends tariff schedule provisions on Section 301 tariffs and on various trade agreements to conform to the changes found in the HTS. It also removes—effective January 1—Ethiopia, Guinea and…
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On December 23, President Biden signed the Uyghur Forced Labor Act. Under the act, all goods with a connection to China’s Xinjiang province are presumed to be made by forced labor, effective June 21. U.S. Customs and Border Protection (CBP) will also be responsible to produce guidance for importers by the effective date. The guidance…
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