Join the Houston Customs Brokers and Freight Forwarders Association for an Informative Luncheon
Wednesday, February 16th, 2022
11:30 a.m. ā 1:30 p.m. CST
Holiday Inn IAH
15222 JFK Blvd.
Houston, TX 77032
Wednesday, February 16th, 2022
11:30 a.m. ā 1:30 p.m. CST
Holiday Inn IAH
15222 JFK Blvd.
Houston, TX 77032
The House Committee on Science, Space, and Technology recently voted to advance the America Competes Act of 2022 āthe Act.ā This comes after the Senate passed its version of the bill, the U.S. Innovation and Competition Act, in June of 2021. The focus of the Act is to strengthen Americaās scientific and technological activities in the 21st Century, in order to be able to compete with China in these critical fields in the future.
Currently there are close to 400 active antidumping cases involving nearly 40 countries. The cases cover a wide range of products including steel commodity products and steel articles (number one category), chemical products, other metal commodities and articles, plastics and rubber products, food products, paperboard and manufactured articles. Key countries subject to ADD are China (number one country by far), Korea, Indonesia, Taiwan, Thailand, Turkey, and Vietnam.
The year is 2022, and companies are turning over a new leaf, making a concerted effort to become compliant with U.S. Customs laws and practices. Seemingly, there are no downsides to conducting a comprehensive Customs compliance review and submitting a Prior Disclosure under 19 U.S.C. Ā§ 1592(c)(4) and 19 C.F.R. Ā§ 162.74.
There are new tariff classifications for machinery under Chapter 84 of the Harmonized Tariff Schedule of the United States (āHTSUSā). The changes to Chapter 84, as well as many other areas of the HTSUS, took effect on January 27, 2022, pursuant to Presidential Proclamation 10326 (December 23, 2021). Many of the changes to Chapter 84 were made to keep up with technological innovations and commercial use.
Many factors have contributed to reshaping and redefining Vietnamās growing dynamic economy, which had once been coined by the United States as an underdeveloped country but is aggressively emerging to a developing country status.
Imagine your company imports from a vendor in Vietnam and sells them at a competitive margin in the U.S. Business is so-so until the Department of Commerce conducts an Antidumping or Countervailing Duty (āAD/CVDā) review that encompasses your company or its foreign vendor and determines the origin of your goods to be China, which causes you to owe backlogged AD/CVD at rates over 100% ad valorem for the past year.
February 27th ā March 2nd, 2022
11:30 a.m. ā 1:30 p.m. CST
Manchester Grand Hyatt
1 Market Place
San Diego, CA
Friday March 4, 2022
12:00 – 2:10 CST
Live Video Broadcast
March 8th – 10th, 2022
Virtual Conference Only