It won't be difficult for CBP to refund tariffs collected under the International Emergency Economic Powers Act, according to Nicole Bivens Collinson of Sandler Travis.
The U.S. is likely to commit to a full renegotiation of USMCA during the trade pact's upcoming sunset review and could even abandon the trilateral agreement in favor of individual ones, according to Miguel Messmacher, former chief economist at the Ministry of Finance of Mexico.
In an effort to drive sales, suppliers have been offering dodgy tariff mitigation strategies to importers, lawyers with Foley and Lardner warned during an Oct. 22 webinar. Suppliers, particularly in countries hard-hit by tariffs like China and India, are as desperate as importers to avoid the painfully high tariffs imposed by the Trump administration, and may offer bad advice to importers to drive sales, lawyer John Turlais said.
Section 232 tariffs on heavy- and medium-duty trucks and their parts and on buses will take effect Nov. 1, under a proclamation issued by President Donald Trump. Tariffs will be set at 25% for classes III through VIII trucks and their parts, and 10% on buses.
The Commerce Department soon will suspend liquidation and impose antidumping duty cash deposit requirements on imports of silicon metal from Angola and Laos, it said in a fact sheet issued Sept. 26.
The U.S. government will try to make it very difficult for tariffs enacted through the International Emergency Economic Powers Act to be refunded should the Supreme Court vacate them, according to trade lawyer Michael Roll.
The Commerce Department soon will suspend liquidation and impose countervailing duty cash deposit requirements on imports of silicon metal from Australia, Laos, Norway and Thailand, it said in a Sept. 23 fact sheet. Commerce will set the CVD rate at 41.31% for all Australian exporters, at 240% for all Laotian exporters, at 16.87% for all Norwegian exporters, and at 31.27% for all Thai exporters, the agency said as it announced its preliminary determinations in its ongoing CVD investigation. Suspension of liquidation and cash deposit requirements will take effect for entries on or after the date of publication of the preliminary determinations in the Federal Register, which should occur in the coming days. Commerce is conducting concurrent antidumping duty investigations on the same product from Australia and Norway, with a preliminary determination expected by Nov. 20.
Responding to our question on Whirlpool's claims that U.S. import data shows its competitors are evading tariffs (see 2509150067), a CBP spokesperson told us that import data has recently been skewed by accidental overreporting of the quantity of goods imported, causing an erroneous spike in import volumes for affected goods.
The Treasury Department will refund tariffs imposed through the International Emergency Economic Powers Act if the government loses its case at the Supreme Court, Treasury Secretary Scott Bessent said.
Small shippers will "get hosed" by the end of the de minimis policy, while larger companies will find ways to manage, trade experts said on a podcast hosted by the Center for Strategic and International Studies.