What’s Going on With Section 321 De Minimis Entries?
Not only are shipments under $800 exempt from duty but they are also exempt from Section 301 duties on Chinese products, Consumer Product Safety Commission requirements, import quotas and other requirements. Although they are supposed to be subject to Antidumping and Countervailing duty and Food & Drug Administration requirements, many low value shipments pass through the system without meeting these requirements.
USMCA Joint Review Process Part 1
This is the first of a three-part series about the USMCA joint review process, focusing on China, Mexico, and competing visions of a “worker-centered” trade policy. Part one introduces the USMCA joint review process and explores how US trade policy would likely operate during Trump’s second term. Part two outlines some of the major trade issues that will be on the table during joint review, focusing on the Mexico-US relationship, and anticipates Harris’s likely approach to trade policy. Part three offers a critique of the worker-centered trade policy developed under the Biden administration, presents an alternative, and suggests new avenues for multi-stakeholder participation that Harris’s approach might create.
A Head Scratcher
A product has a country of origin of China, is not subject to China 301 duties and is eligible for USMCA benefits when imported from Canada – Whaaat!?
BRICS – Shaping the Future of Global Finance and Investment
Imagine a world where five powerhouse nations are redefining the global economic landscape. BRICS—an acronym for Brazil, Russia, India, China, and South Africa—is not just a coalition of emerging markets; it is a formidable alliance shaping the future of global finance and investment. You can read about the coalition’s attempt to unseat the US dollar in our previous newsletter.
Hot Topics with Brendita
Mexico has positioned itself as an attractive destination for foreign investment, offering enhanced security, tax breaks, and infrastructure support making it easier for companies to setup operations. The Mexican government has also streamlined procedures for a more business friendly environment. Many Chinese companies are setting up operations in Mexico to be closer to their U.S. target market. BLG can help Chinese companies with their transition to Mexico.
Deep Thoughts on IMMEX by Bob
Is your company manufacturing in China and importing to U.S. and do you need a break from Section 301 tariffs, forced labor regulations, WRO detention, anti-dumping, etc.? If your U.S. market share warrants it, you might consider an IMMEX (Manufacturing, Maquiladora and Export Services Industry) in Mexico that BLG can help with our legal experts.
Overcoming Obstacles: Challenges Faced by China’s FDI in Mexico
China’s foreign direct investment (FDI) in Mexico has seen substantial growth in recent years, reflecting a strategic alignment with global economic shifts and regional trade dynamics. This trend positions China as one of the fastest-growing sources of foreign investment in Mexico, with the majority of investments flowing into the manufacturing sector.
机遇与挑战：中国企业赴墨西哥投资
中国在墨西哥的外国直接投资 (FDI) 近年来显着增长，这反映了中国与全球经济格局转变和区域贸易动态的战略性协调。这一趋势使中国成为墨西哥增长最快的外国投资来源国之一，其中大部分投资流向制造业。
De Minimis An Ever-Growing Problem of De Maximus ProportionDe Minimis
De minimis is a term that refers to a threshold below which certain goods are exempt from import duties or taxes. However, in the landscape of international trade, it has become a contentious issue for the United States. Those “bad actors”, and even some, not so bad, but willing to take advantage of a loophole have found a way around the tariffs. This so-called loophole of allowing goods with a fair retail value of $800 or less to enter the U.S. without paying an import tariff has become a monster that Customs needs to find a way to deal with conclusively.
Taiwan, Invasion & Trade, Part 2
President elect Lai Ching-te’s victory in Taipei ignited tensions across the Taiwan strait and now the geopolitical field waits to see if China will kick off World War Three. I’m only slightly joking, but Beijing has exerted diplomatic pressure on nations maintaining close ties with the island in the past and Taiwan’s decision to remain a democracy will no doubt ramp up China’s reunification process in the coming months. But how will that affect trade relations?
