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Treasury Department

(Daily News)
April 19, 2019

The National Association of Manufacturers this week filed suit against the Treasury Department and Customs and Border Protection over a recently implemented rule they say bans “substitution drawback,” a program which allows importers to recoup paid tariffs or taxes if they export similar products.


(In Trade)
April 18, 2019

PIIE's Hufbauer says the U.S. could invoke Section 891 of the Internal Revenue Code to “double income tax rates on foreign citizens and corporations.”


(In Trade)
March 19, 2019

Chinese Vice Premier Liu He will visit Washington the following week, according to the Wall Street Journal.


(In Trade)
February 13, 2019

“This is a pivotal week,” said the Chamber of Commerce's Myron Brilliant. “It’s important for the two governments to negotiate a framework understanding.”


(In Trade)
January 04, 2019

Gerrish and Doud will be accompanied by officials from USDA, Commerce, Treasury and Energy.


(Daily News)
December 21, 2018

Customs and Border Protection and the Treasury Department this week issued a new set of duty drawback regulations banning producers from recouping tariffs on imported products if they export similar U.S.-made items that are exempt from taxes, claiming that U.S. industry is mistaken in its criticism of the change.


(In Trade)
December 20, 2018

“We are clearly very focused on making sure that we protect American technology, and this will be a separate dialogue, but something that’s important to resolve.”


(Daily News)
December 05, 2018

At least one industry group is preparing a legal challenge to a new regulation the Treasury Department is slated to release later this month that would eliminate the substitution drawback program and frustrate U.S. industry representatives, according to sources familiar with the plans.


(In Trade)
December 04, 2018

“We’re in the process of now trying to go over the agricultural commitment; that will be the first thing that gets addressed in the next few weeks and [USTR Lighthizer] will be leading the specifics of actually negotiating and putting it into a legally binding agreement.”


(Daily News)
December 03, 2018

The U.S. and China have reached a long-expected ceasefire deal, but as the difficult work of negotiating some form of agreement between the world’s largest economies begins, success will hinge on the Trump administration’s ability to present a united front as it negotiates with Beijing.


(In Trade)
November 13, 2018

The Wall Street Journal reports on a phone call that could pave the way for more substantive discussions.


(Daily News)
October 23, 2018

If the Trump administration wants to get tough on trade with China and other countries, it must take stronger action to address currency manipulation and misalignment and not just impose tariffs on Chinese goods, according to the author of a new study on the effects of trade with Beijing on U.S. manufacturing employment.


(Daily News)
October 17, 2018

The Treasury Department on Wednesday again decided that China does not meet its definition of a currency manipulator, though its latest report to Congress on the currency practices of major U.S. trading partners says Beijing is of “particular concern” and will remain on a monitoring list along with Japan, South Korea, Germany, India and Switzerland.


(In Trade)
October 12, 2018

The Wisconsin Democrat decries “a roughly $59 billion total trade impact – almost double the approximately $32.5 billion of tariffs the U.S. has levied against Chinese imports under Section 301.”


(Daily News)
October 10, 2018

The Treasury Department on Wednesday moved forward with the implementation of the Foreign Investment Risk Review Modernization Act, announcing a pilot program under the law that would expand the ambit of the Committee on Foreign Investment in the United States.


(Daily News)
September 21, 2018

Proposed changes to duty drawback rules issued by the Treasury Department and Customs and Border Protection are drawing fire from a number of industry groups that fear the new rules would limit companies' ability to recoup paid tariffs and taxes.


(In Trade)
September 13, 2018

Chinese spokesman: “This practice of blackmail and pressure does not work on China and will not help solve the problem.”


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