Inflation Reduction Act Knifes The Multilateral Trading System. Here’s what USTR Needs To Do.

The multilateral trading system, birthed on October 30, 1947, was unceremoniously knifed and left for dead by President Biden’s signing of the Inflation Reduction Act. This is an unprecedented move by the United States in our seventy-five year history as part of that system. Retaliation will come from much of the world. Here is what…

Canada Supports Democrats’ Call for Effective Tariff Protection of North American Automobile Industry

In a surprise development last night, Senate Majority Leader Chuck Schumer (D, N.Y.) and Senator Joe Manchin (D, W.Va.), with support from President Biden, announced a deal on a massive tax, energy and healthcare legislative package. Sen. Kyrsten Sinema (D-Ariz.), as of the time of this writing, has not indicated her support, and she’s a…

Senator Grassley Chooses Foreign Kingdom’s Subsidized Fertilizer Over Florida and Illinois Producers, Abandons Claimed Principles

By Charles Benoit, CPA Trade Counsel Last month, President Biden stunned the trade community around the world when he announced a two-year legal immunity from our anti-dumping and countervailing duty (AD/CVD) laws for solar panels imported from Cambodia, Malaysia, Thailand or Vietnam (including Chinese ones that illegally circumvent duties through those countries). International cartels and…

Leading Customs Authorities Make The Case Against De Minimis Commerce

Leading customs authorities make the case against de minimis commerce By Charles Benoit, CPA Trade Counsel “De minimis” treatment for imports, which is available if the shipper declares the value under $800, cannot be effectively policed, and undermines fundamental fairness. That was the message from top authorities in the customs field at a Washington International…

Tariff schedule

Congress Must Undo its Permanent Normal Trade Relations Votes for Russia, and China

Cuba and North Korea don’t receive our Normal Trade Relations; Russian exports should face the same tariffs as they do. By Charles Benoit, CPA Trade Counsel Less than 10 years ago, by votes of 92-4 in the U.S. Senate and 365-43 in the House, Congress voted to grant Russia ‘Permanent Normal Trade Relations’ (PNTR). We…

Senior Republicans Pushing Trade Bill to Disarm America, Serve CCP and Multinationals

By Charles Benoit, CPA Trade Counsel The American people don’t want to be dependent on China for things we need. But some senior Republicans in Congress continue to choose multinational corporations over Americans. By extension, they’re also choosing multinationals’ fealties to the Chinese Communist Party (CCP). The current GOP troubles started last summer, when Senator…

Restarting Tariff Exclusions Undermines Build Back Better, Rewards CCP Recalcitrance

By Charles Benoit, CPA Trade Counsel Regrettably, the Biden Administration announced last week that they’re open to tariff cuts to imports of Made-in-China merchandise. First up are 549 different products, mostly machinery and technology products. But more may be coming. Ambassador Tai stated in her recent speech at the Center for Strategic and International Studies…