Customs and Trade News Weekly Snapshot

Here is a recap of the latest customs and international trade news:     

Customs and Border Protection (CBP)

  • CBP issued guidance on the modifications made to Section 301 pursuant to the findings of the four-year review of actions taken in the Section 301 investigation of China’s acts, policies, and practices related to technology transfer, intellectual property, and innovation.
  • CBP officers in Norfolk, Virginia, seize food trailers and golf carts from China that violate federal motor vehicle safety standards.
  • CBP officers working at the Presidio port of entry seized 748 pounds prohibited Mexican bologna.

United States Trade Representative (USTR)

  • USTR and the United States Department of Agriculture (USDA) announced that the Biden-Harris Administration has secured over $26.7 billion in agricultural market access across the globe for America’s farmers, ranchers, fishers, and food manufacturers.
  • Katherin Tai submitted written responses to the Senate Finance Committee following a hearing earlier this year. In her answers, she declined to endorse a permanent e-commerce tariff moratorium and called for more money for CBP, to address Section 301 tariff circumvention.

Bureau of Industry and Security (BIS)

  • BIS published its second quarterly update of the boycott Requester List. The list […]
By |2024-10-04T18:50:23-04:00October 4, 2024|news, Snapshot|0 Comments

Customs and Trade News Weekly Snapshot

Here is a recap of the latest customs and international trade news:      

Customs and Border Protection (CBP) 

  • CBP announced that it is participating in a new program to enable airlines to recycle single-use aluminum, paper, and plastic products used during international flights arriving in the United States, aligning with CBP’s Green Trade Strategy. 
  • CBP deployed a new drawback claim substitution indicator for retail sales. The new claim enables drawback filers to indicate whether a retail sales claim is a substitution claim or direct identification claim. 
  • CBP’s Cargo and Conveyance Security (CCS) Directorate has issued additional guidance to the trade and cargo logistics industry regarding the reporting of Facilities Information and Resources Management System (FIRMS) codes when submitting the in-bond “arrival” notification in ACE. 
  • CBP instates Miguel A. Garza as Area Port Director for Charlotte. 

Office of Foreign Asset Control (OFAC) 

  • OFAC issued an update to the March 2019 OFAC Advisory to the Maritime Petroleum Shipping Community to highlight risks associated with shipments to Syria. 
  • OFAC put on public inspection an interim final rule to […]
By |2024-09-13T12:28:30-04:00September 13, 2024|news, Snapshot|0 Comments

U.S. Department of Treasury Publishes New Website Clarifying CFIUS Penalties and Other Enforcement Actions

The Committee on Foreign Investment in the United States (CFIUS) is an interagency committee charged with reviewing certain transactions involving foreign investment in the United States to determine whether the transactions will impact the national security of the United States. The Treasury Department chairs CFIUS and the committee includes representatives from 16 federal executive departments and agencies.

In recent years, CFIUS has increased its focus on enforcement and in 2023 and to date in 2024 has issued three times more penalties than it had since its establishment nearly 50 years ago.

Treasury unveiled a new website which includes detailed information about all of the civil monetary penalties imposed by CFIUS over the last few years. The new website describes the nature of the conduct that gave rise to the penalty as well as aggravating and mitigating factors and includes three new sections: CFIUS enforcement, CFIUS mitigation, and CFIUS non-notified transactions

CFIUS Enforcement

The CFIUS enforcement section provides information on the latest CFIUS priorities and details what actions the Committee is taking to strengthen compliance and enforcement. The page also lists several enforcement actions that involved monetary penalties and outlines the details of the violation, the penalty, and any mitigating factors. For example, in 2024, CFIUS imposed a 60-million-dollar penalty against T-Mobile.

CFIUS Mitigation

The new CFIUS mitigation section provides details on CFIUS staffing and resources. The page details how staff is designated to negotiate, monitor, and enforce active mitigation agreements, conditions, and orders. The page also details how designated compliance personnel may be utilized […]

By |2024-08-16T09:43:00-04:00August 16, 2024|news|0 Comments

Jennifer Diaz Elected to Board of “Let’s Do Something”

Jen Diaz is proud to be elected as a board member of “Let’s Do Something” – a non-profit whose mission is to create a brighter and safer future for Israel through advocacy, engagement, training, and rehabilitation.

“As a Jewish woman, Israel is my homeland and holds a huge chunk of my heart. The horrific attack on Israel by Hamas, a terrorist organization that brutally murdered 1,200 Jews on October 7, 2023 shattered me. Feeling powerless and devastated, I knew I had to do something but was uncertain of what I could do to make an impact. My volunteer mission to Israel in December, 60 days into the war—my fifth trip—wasn’t enough. I relentlessly searched for organizations that profoundly support the army and people of Israel, and I found my calling with Let’s Do Something. This extraordinary organization, driven by 20-year-olds whose passion could fill a state, makes an immense impact by providing necessities to the army and people of Israel while educating the world about the atrocities of October 7. If you are seeking to champion a cause that genuinely strengthens the state of Israel, look no further.” -Jennifer Diaz

To date, Let’s Do Something has distributed over $20M in humanitarian aid, medical […]

By |2024-10-01T09:55:49-04:00July 22, 2024|news|0 Comments

Customs and Trade News Weekly Snapshot

Here is a recap of the latest customs and international trade news:       

Customs and Border Protection (CBP)  

  • In relation to the Section 301 China Product Exclusions Extension, CBP provided guidance on the 14-day transition period extending 429 product-specific exclusions (352 previously reinstated exclusions and 77 COVID-related) through June 14, 2024, and extending certain exclusions through May 31, 2025. 
  • Norfolk CBP seized 305 window air conditioners for bearing counterfeit Energy Star certification marks. 
  • Louisville CBP seized three shipments containing 2,387 pieces of counterfeit jewelry. If genuine, the jewelry would have had a combined Manufacturer’s Suggested Retail Price (MSRP) of over $10.08 million. 
  • CBP posted an updated version of the Drawback/TFTEA Drawback Entry Summary Create/Resubmission CATAIR. This version has a new class code for Superfund. 
  • On July 25, 2024, CBP will deploy an update to the Automated Commercial Environment (ACE) that requires the submission of the Reference Identifier Qualifier Estimated Date of Arrival (EDA) in the SE20 record for all de-minimis shipments filed as an entry type 86 submission.  
  • CBP’s Baltimore Field Office announces […]
By |2024-07-12T13:23:03-04:00July 12, 2024|news, Snapshot|0 Comments
Go to Top