Customs and Trade News Weekly Snapshot
Here is a recap of the latest customs and international trade news:
Customs and Border Protection (CBP)
- CBP released the July 2024 monthly update. Highlights:
- Identified estimated duties of nearly $7.8B to be collected
- Stopped 408 shipments for further examination based on suspected use of forced labor
- Seized 2,230 shipments that contained counterfeit goods, valued at more than $1.2B
- CBP announced a Harmonized System Update (HSU) which contains 1,000 harmonized tariff records and 4,158 ABI records. HSU 2412 includes several updates to PGA HTS flag indicator for AMS (AM7) and adjustments required by the verification of the 2024 Harmonized Tariff Schedule (HTS).
- CBP’s National Commodity Specialist Division (NCSD) will hold two webinars in September as a part of its 2024 NCSD webinar series.
- CBP announced the agency’s 2024-2025 plan to accelerate testing and adoption of global interoperability standards, kicking off a new testing phase for innovative trade technology.
- CBP published an update to the antidumping and countervailing duties (AD/CVD) […]

