{"id":333933,"date":"2025-12-08T00:50:30","date_gmt":"2025-12-08T00:50:30","guid":{"rendered":"https:\/\/peraltafinancing.com\/business\/legal\/breaking-trade-news-revised-7501-instructions-11m-ad-cvd-fine-uk-pharmaceutical-deal\/"},"modified":"2025-12-08T00:50:30","modified_gmt":"2025-12-08T00:50:30","slug":"breaking-trade-news-revised-7501-instructions-11m-ad-cvd-fine-uk-pharmaceutical-deal","status":"publish","type":"post","link":"https:\/\/fivemor.com\/?p=333933","title":{"rendered":"Breaking Trade News: Revised 7501 Instructions, $11M AD\/CVD Fine, UK Pharmaceutical Deal"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div id=\"post-7825\">\n<div class=\"post-content\">\n<p><b>Here is a recap of the latest customs and international trade news:<\/b><\/p>\n<h4><b>Customs and Border Protection (CBP)<\/b><\/h4>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">CBP <\/span><a href=\"https:\/\/www.prnewswire.com\/news-releases\/us-customs-and-border-protection-cbp-expands-agreement-with-kharon-to-bolster-supply-chain-security-and-human-rights-protections-302630587.html\"><span style=\"font-weight: 400;\">has expanded<\/span><\/a><span style=\"font-weight: 400;\"> its partnership with data technology company Kharon to enforce the Uyghur Forced Labor Prevention Act and other trade laws.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">CBP <\/span><a href=\"https:\/\/www.federalregister.gov\/documents\/2025\/12\/01\/2025-21607\/agency-information-collection-activities-revision-entry-summary\"><span style=\"font-weight: 400;\">is revising<\/span><\/a><span style=\"font-weight: 400;\"> instructions for Form 7501, which is used to clarify what defines country of melt and pour for steel imports and what defines country of smelted and cast for aluminum imports. Comments on the revisions are due December 31.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">CBP officers in Cincinnati <\/span><a href=\"https:\/\/www.cbp.gov\/newsroom\/local-media-release\/6-million-counterfeit-watches-intercepted-cbp-officers-cincinnati\"><span style=\"font-weight: 400;\">seized<\/span><\/a><span style=\"font-weight: 400;\"> a shipment of 52 counterfeit watches from Colombia. Had these goods been genuine, the shipment would have had a combined Manufacturer\u2019s Suggested Retail Price of $6.37 million.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Reminder: the annual user fee for customs brokers is <\/span><a href=\"https:\/\/www.federalregister.gov\/documents\/2025\/12\/02\/2025-21732\/customs-broker-permit-user-fee-payment-for-2026\"><span style=\"font-weight: 400;\">due<\/span><\/a><span style=\"font-weight: 400;\"> January 30, 2025.\u00a0<\/span><\/li>\n<\/ul>\n<h4><b>Department of Justice<\/b><\/h4>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Electronics importer <\/span><a href=\"https:\/\/www.justice.gov\/usao-edmi\/pr\/international-audio-electronics-company-harman-pays-118-million-settle-fraud#:~:text=%22CBP%20played%20a%20critical%20role,customs%20laws%2C%E2%80%9D%20said%20Acting%20Executive\"><span style=\"font-weight: 400;\">agreed to pay<\/span><\/a><span style=\"font-weight: 400;\"> more than $11 million to settle allegations it evaded AD\/CV duties on aluminum extrusions from China.\u00a0<\/span><\/li>\n<\/ul>\n<h4><b>U.S. Department of Commerce<\/b><\/h4>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Commerce, in partnership with USTR, published a <\/span><a href=\"https:\/\/www.federalregister.gov\/documents\/2025\/12\/04\/2025-21940\/implementing-certain-tariff-related-elements-of-the-us-korea-strategic-trade-and-investment-deal\"><span style=\"font-weight: 400;\">notice<\/span><\/a><span style=\"font-weight: 400;\"> stating that reductions of reciprocal tariffs on South Korea, as well as of Section 232 tariffs on South Korean lumber, will take retroactive effect on Nov. 14 under the recently agreed trade deal.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Commerce, in partnership with USTR, <\/span><a href=\"https:\/\/www.commerce.gov\/news\/press-releases\/2025\/12\/us-government-announces-agreement-principle-united-kingdom\"><span style=\"font-weight: 400;\">announced<\/span><\/a><span style=\"font-weight: 400;\"> an agreement with the UK National Health Service. Under the agreement, the UK will pay more for new medicines, and the U.S. will exempt U.K.-origin pharmaceuticals, pharmaceutical ingredients, and medical technology from Section 232 tariffs.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Commerce, in partnership with the Department of State and the Department of War, <\/span><a href=\"https:\/\/www.pmddtc.state.gov\/ddtc_public?id=ddtc_public_portal_news_and_events&amp;t=Notice\"><span style=\"font-weight: 400;\">announced<\/span><\/a><span style=\"font-weight: 400;\"> the launch of USXPORTS.gov, a unified portal for navigating export license applications.\u00a0<\/span><\/li>\n<\/ul>\n<h4><b>United States Trade Representative (USTR)<\/b><\/h4>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The USTR <\/span><a href=\"https:\/\/ustr.gov\/about\/policy-offices\/press-office\/press-releases\/2025\/december\/public-hearing-first-joint-review-usmca\"><span style=\"font-weight: 400;\">held<\/span><\/a><span style=\"font-weight: 400;\"> three days of hearings regarding the operation of the USMCA in preparation for the six-year review of the agreement in July 2026. Witnesses included members of the U.S. Congress, think tank representatives, and industry trade groups.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Following the latest U.S.-China trade agreement, USTR <\/span><a href=\"https:\/\/www.federalregister.gov\/documents\/2025\/12\/01\/2025-21671\/notice-of-product-exclusion-extensions-chinas-acts-policies-and-practices-related-to-technology\"><span style=\"font-weight: 400;\">extended<\/span><\/a><span style=\"font-weight: 400;\"> through Nov. 9, 2026, the exclusion of 178 products from Section 301 tariffs on China.<\/span><\/li>\n<\/ul>\n<h4><b>Office of Foreign Assets Control (OFAC)<\/b><\/h4>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">OFAC <\/span><a href=\"https:\/\/ofac.treasury.gov\/recent-actions\/20251202\"><span style=\"font-weight: 400;\">announced<\/span><\/a><span style=\"font-weight: 400;\"> an $11M settlement with IPI Partners, LLC to settle its civil liability for 51 apparent violations of OFAC\u2019s sanctions against Russia.\u00a0<\/span><\/li>\n<\/ul>\n<h4><b>Congress<\/b><\/h4>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Three U.S. House representatives <\/span><a href=\"https:\/\/delauro.house.gov\/sites\/evo-subsites\/delauro.house.gov\/files\/evo-media-document\/no-gouge-act-sbs_0.pdf\"><span style=\"font-weight: 400;\">introduced<\/span><\/a><span style=\"font-weight: 400;\"> the No GOUGE Act, which would punish large companies that set prices higher than the costs directly generated by new tariffs.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Senator Cotton of Arkansas <\/span><a href=\"https:\/\/www.cotton.senate.gov\/imo\/media\/doc\/12125bondiletter.pdf\"><span style=\"font-weight: 400;\">wrote a letter<\/span><\/a><span style=\"font-weight: 400;\"> to the U.S. attorney general and Homeland Security Investigations asking them to prioritize Shein and Temu facilities for immediate inspections, citing concerns over their counterfeits and intellectual property theft.<\/span><\/li>\n<\/ul>\n<h4><b>Industry News<\/b><\/h4>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Texas Attorney General Ken Paxton <\/span><a href=\"https:\/\/texasattorneygeneral.gov\/news\/releases\/attorney-general-ken-paxton-investigates-global-fast-fashion-giant-shein-unethical-labor-practices\"><span style=\"font-weight: 400;\">announced <\/span><\/a><span style=\"font-weight: 400;\">that his office is launching an investigation into whether online retailer Shein is committing unethical labor practices in violation of Texas law.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The U.S.-China Economic and Security Review Commission released its 2025 <\/span><a href=\"https:\/\/www.uscc.gov\/sites\/default\/files\/2025-11\/2025_Annual_Report_to_Congress.pdf\"><span style=\"font-weight: 400;\">report to Congress<\/span><\/a><span style=\"font-weight: 400;\">. The report included several recommendations to tighten export controls to address the ongoing security challenges posed by China.<\/span><\/li>\n<\/ul>\n<div id=\"message-list_1761319825.319629\" class=\"c-virtual_list__item\" tabindex=\"0\" role=\"listitem\" aria-setsize=\"-1\" data-qa=\"virtual-list-item\" data-item-key=\"1761319825.319629\">\n<div class=\"c-message_kit__background c-message_kit__background--hovered p-message_pane_message__message c-message_kit__message\" role=\"presentation\" data-qa=\"message_container\" data-qa-unprocessed=\"false\" data-qa-placeholder=\"false\">\n<div class=\"c-message_kit__hover c-message_kit__hover--hovered\" role=\"document\" aria-roledescription=\"message\" data-qa-hover=\"true\">\n<div class=\"c-message_kit__actions c-message_kit__actions--default\">\n<div class=\"c-message_kit__gutter\">\n<div class=\"c-message_kit__gutter__right\" role=\"presentation\" data-qa=\"message_content\">\n<div class=\"c-message_kit__blocks c-message_kit__blocks--rich_text\">\n<div class=\"c-message__message_blocks c-message__message_blocks--rich_text\" data-qa=\"message-text\">\n<div class=\"p-block_kit_renderer\" data-qa=\"block-kit-renderer\">\n<div class=\"p-block_kit_renderer__block_wrapper p-block_kit_renderer__block_wrapper--first\">\n<div class=\"p-rich_text_block\" dir=\"auto\">\n<div class=\"p-rich_text_section\">Want more customs and international trade news?\u00a0<a class=\"c-link\" href=\"https:\/\/customsandinternationaltradelaw.com\/\" target=\"_blank\" rel=\"noopener noreferrer\" data-stringify-link=\"https:\/\/customsandinternationaltradelaw.com\/\" data-sk=\"tooltip_parent\">Sign up<\/a>\u00a0for our weekly snapshot!<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div><\/div>\n<p>\t\t<!-- #respond --><\/p>\n<div class=\"fusion-sharing-box fusion-theme-sharing-box fusion-single-sharing-box\">\n<h4>Share This Story, Choose Your Platform!<\/h4>\n<\/p><\/div>\n<section class=\"about-author\">\n<div class=\"about-author-container\">\n<div class=\"avatar\">\n\t\t\t\t\t\t\t\t<img loading=\"lazy\" alt=\"\" src=\"https:\/\/secure.gravatar.com\/avatar\/17abf4ff22025f4b6e7b46bb9ef9b51f6b1439e2a298c3dbf9f90b76d3d4ffef?s=72&amp;d=mm&amp;r=g\" srcset=\"https:\/\/secure.gravatar.com\/avatar\/17abf4ff22025f4b6e7b46bb9ef9b51f6b1439e2a298c3dbf9f90b76d3d4ffef?s=144&amp;d=mm&amp;r=g 2x\" class=\"avatar avatar-72 photo\" height=\"72\" width=\"72\" decoding=\"async\"\/>\t\t\t\t\t\t\t<\/div>\n<\/p><\/div>\n<\/section>\n<section class=\"related-posts single-related-posts\">\n<p>\t\t\t\t\t<!-- fusion-carousel --><br \/>\n<\/section>\n<p><!-- related-posts --><\/p><\/div>\n\n","protected":false},"excerpt":{"rendered":"<p>Here is a recap of the latest customs and international trade news: Customs and Border Protection (CBP) CBP has expanded its partnership with data technology company Kharon to enforce the Uyghur Forced Labor Prevention Act and other trade laws. CBP is revising instructions for Form 7501, which is used to clarify what defines country of [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":198706,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[97],"tags":[57840,15973,11195,20150,10465,788,2738,1820,24475,26071,9792,20151,20152],"dealstore":[],"offerexpiration":[],"class_list":["post-333933","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-legal","tag-11m","tag-adcvd","tag-breaking","tag-customs-news","tag-deal","tag-fine","tag-instructions","tag-news","tag-pharmaceutical","tag-revised","tag-trade","tag-trade-law-news","tag-trade-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Breaking Trade News: Revised 7501 Instructions, $11M AD\/CVD Fine, UK Pharmaceutical Deal - Som2ny Network<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fivemor.com\/?p=333933\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Breaking Trade News: Revised 7501 Instructions, $11M AD\/CVD Fine, UK Pharmaceutical Deal - Som2ny Network\" \/>\n<meta property=\"og:description\" content=\"Here is a recap of the latest customs and international trade news: Customs and Border Protection (CBP) CBP has expanded its partnership with data technology company Kharon to enforce the Uyghur Forced Labor Prevention Act and other trade laws. 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