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  3. Trade News Snapshot
  4. Trade News Snapshot - Volume 5, Issue 9

Trade News Snapshot - Volume 5, Issue 9

Contents


I. Office of Trade Activity

CBP, U.S. Chamber of Commerce educate consumers on safe holiday shopping
 

DEAC sits for interview with News 4 Jax, blue background wit CBP and Trade seals of his left shoulder and a picture of a port over his right shoulder

On November 30, Deputy Executive Assistant Commissioner, Office of Trade, John Leonard and Trade Policy and Programs Executive Director, Office of Trade, Brandon Lord, spoke to millions of Americans through 13 local and national television stations across the U.S. to share tips on how to avoid purchasing counterfeit gifts this holiday season. This engagement was a collaborative effort between CBP and the U.S. Chamber of Commerce to raise awareness on the dangers of counterfeit goods and to educate the public on how to make informed decisions while shopping this holiday season. Together, the two organizations reached audiences in 24 American cities.

In Fiscal Year 2023, CBP seized over 21 million counterfeit items with an estimated manufacturer's suggested retail price of over $2.5 billion, had they been genuine. Beyond the potential dangers they pose to individuals, counterfeit goods drain billions of dollars from the global economy, posing a serious threat to small businesses. Transnational criminal organizations also use the profits from counterfeit sales to fund other forms of illicit activity including drug and weapons trafficking.

Learn more about how CBP is combatting counterfeits this season:


II. Outreach

CBP hosts trade violation webinars for small- and medium-sized businesses


From November 7 to 9, CBP hosted three training webinars teaching 270 participants from small businesses and other representatives from the trade community how to report commercial trade violations through its Trade Violations Reporting Tool. The web-based platform streamlines CBP’s enforcement processes and enables users to easily report allegations of a variety of trade violations, including antidumping and countervailing duty evasion, forced labor, and natural resource crimes. The agency hopes to increase awareness and use of the tool by small- and medium-sized businesses, empowering those businesses to partner with CBP against unfair competition and helping ensure a level economic playing field.
 


III. News You Can Use


Trade Statistics

Monthly Trade Statistics


In October 2023, CBP processed more than 2.9 million entry summaries valued at $298 billion, identifying estimated duties of nearly $6.8 billion to be collected by the U.S. government. Trade via the maritime environment accounted for more than 40% percent of the total import value, followed by air, truck, and rail.

In October, CBP stopped 504 shipments valued at more than $199 million for further examination based on the suspected use of forced labor, and which may be subject to a Withhold Release Order, forced labor Finding, or the Uyghur Forced Labor Prevention Act’s rebuttable presumption prohibiting importation into the United States. CBP seized nearly 1,499 shipments that contained counterfeit goods valued at more than $160 million.

 

Last Modified: Jan 16, 2024