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The U.S. Commerce Department’s Bureau of Industry and Security (BIS) has updated the process for excluding certain steel and aluminum imports from tariffs, effective July 1, 2024. This revision removes twelve General Approved Exclusions (GAEs), aiming to strengthen domestic steel and aluminum production and reduce reliance on foreign manufacturing. The changes follow public feedback and are intended to ensure fairness and transparency in the exclusions process while upholding national security interests. BIS has been overseeing this process since tariffs were imposed in 2018, and these adjustments reflect ongoing efforts to refine controls and support U.S. industrial base.
Indira Coomar from our JAS Forwarding (USA) Inc. Norfolk branch has been with JAS for 14 years in September. She likes to run each morning. During her runs, she takes some very beautiful photos of the sunrise over the beach and shares them with an inspirational quote to start many days. One of her recent quotes was “the secret to getting ahead is getting started!” We appreciate Indira’s motivation, and this attitude perfectly reflects that People Make the Difference.
July 2024, JAS Forwarding (USA) Inc.’s Laurie Arnold (VP Compliance) and Scott Cassell (Corporate Compliance Project Manager) facilitated a client seminar covering Foreign Trade Zone, Forced Labor and Duty Drawback. The event was hosted by our JAS Forwarding (USA)Inc. Charlotte Branch!
CBP publishes monthly trade statistics that provide a snapshot of the volume of shipments being processed. In May2024, CBP processed more than 2.9 million entry summaries. This includes numerous modes of transport from all over the world.
CBP’s monthly trade stats show duties paid, seizures, WRO data and much more.
To read the full article, check out the link below.
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