President Donald Trump announced that the U.S. will "resolve the steel and aluminum issues" with the European Union after the EU agreed to buy more soybeans and liquefied natural gas, and to enter negotiations to drop non-auto industrial tariffs to zero. The EU's retaliatory tariffs will also be "resolved," said Trump.
The U.S. Trade Representative is proposing an additional 10 percent tariff on 6,031 8-digit tariff lines -- about $200 billion worth of imports. Those who wish to testify for or against the inclusion of an item on the list must file by July 27, and written comments are due by August 17. Hearings will be held August 20-23. Senior government officials said a decision on tariffs will be made sometime after August 30.
Correction: Section 301 duties on products from China that are set to begin July 6 will be eligible for drawback, CBP said in a CSMS message.
The U.S. plans to impose a 10 percent tariff on an additional $200 billion worth of goods from China in response to China's retaliatory tariffs, President Donald Trump said in a June 18 statement. China's decision to implement 25 percent tariffs on $34 billion in U.S. imports, mirroring the Section 301 tariffs, shows China "has no intention of changing its unfair practices related to the acquisition of American intellectual property and technology," said Trump. "The latest action by China clearly indicates its determination to keep the United States at a permanent and unfair disadvantage."
The U.S. will begin collecting an additional 25 percent in tariffs on 818 lines of the original 1,333 tariff lines proposed in April, the Office of the U.S. Trade Representative announced June 15. The tariffs will take effect July 6. Televisions, one of the most significant consumer products on the original list, are no longer facing tariffs.
CBP released an interim final rule and request for comments on the Air Cargo Advance Screening (ACAS) program. The interim final rule makes mandatory the early data filing requirements that were voluntary under the ACAS pilot program. The interim final rule is set to take effect June 12 and the agency will allow for a yearlong phased-in implementation, though "willful and egregious violators will be subject to enforcement actions at all times," it said.
Exemptions from Section 232 tariffs on steel and aluminum for Canada, Mexico and the European Union will end on June 1, President Donald Trump announced in two presidential proclamations issued on May 31. No permanent agreement was reached for the countries, and the administration did not extend their temporary exemptions.
The 25 percent tariffs on $50 billion worth of goods from China will go forward, the White House announced on May 29. "The final list of covered imports will be announced by June 15, 2018, and tariffs will be imposed on those imports shortly thereafter," said the White House. The announcement comes just over a week from when the Trump administration said on May 20 it planned to put the Section 301 tariffs on hold while China and the U.S. worked on the framework of an agreement.
CBP will prioritize Section 321 filing via the Automated Broker Interface, an update to CBP Form 5106 importer information, and modernizing foreign-trade zone “e214” admissions, among other new and revised functionalities, with the additional $30 million in ACE funding it received in fiscal year 2018 appropriations legislation, CBP said in an announcement on its website May 22.
Proposed new tariffs on products from China will be put "on hold while we try to execute the framework" of a deal with China, Treasury Secretary Steven Mnuchin said in a May 20 interview on Fox News Sunday. "I'm pleased to report that we've made very meaningful progress and we've agreed on a framework, which is important to understand, and the framework includes their agreement to substantially reduce the trade deficit by increasing their purchasing of goods," he said.