Importer Gets False Claims Act Penalty for Customs Fraud
Two Minutes in Trade
A recent federal court decision upheld a $26 million penalty on an importer for avoiding antidumping duties and highlighted how competitors can use the False Claims Act to target customs fraud.
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The 46% Question
Two Minutes in Trade
#TMIT US and VietNam reach an agreement to avoid a 46% tariff on 7/9 but details are scant. Listen for more info on Two Minutes In Trade.
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Two Minutes in Trade - The Big, Beautiful Bill Passed in The Senate
Two Minutes in Trade
Fireworks were going off as the Senate advanced the big, beautiful bill today. Listen for more on Two Minutes in Trade.
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Two Minutes in Trade - What Details Have Been Published Regarding the U.S.-U.K. Economic Prosperity Deal
Two Minutes in Trade
Details of the US-UK agreement have emerged and are effective as of today. Listen for more on Two Minutes in Trade.
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Interest Matters: How CBP Is Finding New Ways to Invalidate First Sale Claims
Two Minutes in Trade
Companies utilizing the “First Sale Rule” must ensure compliance with all CBP’s first sale legal requirements and have all supporting documentation to provide to CBP, should a transaction be questioned. For more information on this topic, listen to today's Two Minutes in Trade.
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Two Minutes in Trade - CBP is Restructuring COAC to Align with America First Policy
Two Minutes in Trade
CBP dissolves COAC working groups and subcommittees to restructure them & align with America First Policy. Listen for more on Two Minutes in Trade.
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Two Minutes in Trade - Claiming "UnKnown" As the Country of Smelt or Cast Will Result in a 200% Tariff
Two Minutes in Trade
Aluminum products will face 200% section 232 duties IF the country of smelt and cast is “unknown”. Listen for more on Two Minutes in Trade.
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Two Minutes in Trade - When the Math Isn't "Mathing", Just Change the Math
Two Minutes in Trade
The math wasn’t mathing so the Joint Taxation Committee changed the math for the cost of the tax bill which halves the budget for the GAO. Listen for more on Two Minutes in Trade.
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Two Minutes in Trade - CBP Announces a New Forced Labor Allegation Portal
Two Minutes in Trade
A new Forced Labor Reporting portal has opened, allowing falsely charged companies to seek a remedy. Listen for more on Two Minutes in Trade.
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Two Minutes in Trade - The Chapter 98 and Section 232 Quagmire
Two Minutes in Trade
Can importers claim Chapter 98 exemptions for articles subject to section 232 tariffs? The answer isn’t as clear as you may think. For more information, listen to today's Two Minutes in Trade.
info_outlineOn May 23, Rep. Jodey Arrington introduced HR 3575, which was introduced in the Senate as S.1886 by Jim Banks, called the “Axing Nonmarket Tariff Evasion Act” or the “ANTE Act.” For more information on this topic, listen to today's Two Minutes in Trade.