A March 1st decision out of the CIT has caused a stir in the global trade industry because of the CIT opinionâs apparent uncertainty of the applicability of the âfirst saleâ rule in transactions with non-market economy manufacturers and the broader implications of that uncertainty.
On December 2nd, the House of Representatives unanimously passed a bill that may ultimately cause Chinese companies to be delisted from the U.S. stock exchange. The purpose of the bill is to allow U.S. accounting regulators to audit Chinese companies that are traded on the U.S. stock exchange.
On September 10, 2020, HMTX Industries and related companies, Halstead and Metroflor, filed a lawsuit in the Court of International Trade (âCITâ) alleging that the U.S. Trade Representative (âUSTRâ) exceeded its authority when it issued tariffs under Section 301 of the Trade Act of 1974 (âTrade Actâ).
On July 14, 2020, the U.S. Court of International Trade (CIT) ruled that the doubling of Section 232 duties on imports of Turkish steel after the initial imposition of the original national security duties at 25% is a violation of the Fifth Amendment guarantee of equal protection and due process.
The United-States-Mexico-Canada Agreement (âUSMCAâ) is currently slated to take effect beginning on July 1, 2020. A review of the text of the USMCA reveals that USMCA retains many elements of the North American Trade Agreement (âNAFTAâ), while displacing others with new or enhanced rules.
The United States-Mexico-Canada Agreement (USMCA) has officially been ratified by all three North American parties, now what? For one thing, the United States, Canada, and Mexico must develop uniform regulations with an effective date prior to, or on June 1, 2020 which is the official implementation date of the USMCA.
On Friday, January 31, 2020, President Trump issued an executive order reiterating the policy of the United States regarding persons who facilitate imports of merchandise in direct violation of Federal laws and calling for the Secretary of Homeland Security to issue a notice of proposed rule-making to establish criteria an importer must meet before obtaining an importer of record (IOR) number.
On January 6, 2020, BIS published an interim final rule adding âsoftware specially designed to automate the analysis of geospatial imageryâ to the EAR and requiring a license to export and reexport such items to all countries, with the exception of Canada. This rule classifies âsoftware specially designed to automate the analysis of geospatial imagery”
Many are wondering whether the updated NAFTA is going to make it. By make it, of course, we mean ratification of the agreement so that it may replace NAFTA. More and more, it seems that the âUnited States-Mexico-Canada Agreementâ is a misnomer because the only agreement we are seeing is that there are still kinks to work out.
The Court of International Trade (CIT) is slated for its first jury trial in 20 years. The case? U.S. v. Univar USA Inc. Whatâs so special about it? On March 26, 2019, Judge Barnett of the Court of International Trade ruled that a jury can, indeed, rule on the ultimate question of 19 U.S.C. § 1592 (Penalties for Fraud, Gross Negligence or Negligence) liability, but the jury cannot rule on the amount of civil penalties stemming from § 1592 liability.
