The sunset review of USMCA was designed to provide certainty to businesses, since even if one country says it doesn't think the trade pact should continue at the six-year mark, consultations continue for 10 years.
The following lawsuits were filed at the Court of International Trade during the week of Sept. 29 - Oct. 5:
The following are short summaries of recent CBP NY rulings issued by the agency's National Commodity Specialist Division in New York:
Mexican media reported that President Claudia Sheinbaum said in her daily press conference that Mexico will try to get an exemption from the announced 25% tariff on medium- and heavy-duty trucks.
The parties challenging tariffs issued under the International Emergency Economic Powers Act asked the Supreme Court to grant divided argument among the three groups of plaintiffs challenging the tariffs and to allow for 45 minutes of argument for each side. The three groups are five importers that filed suit at the Court of International Trade, 12 U.S. states that filed suit at CIT, and two importers that filed their case at the U.S. District Court for the District of Columbia (Donald J. Trump v. V.O.S. Selections, U.S. 25-250) (Learning Resources v. Donald J. Trump, U.S. 24-1287).
Section 232 tariffs on timber, lumber and their derivatives will take effect Oct. 14, under a proclamation issued by President Donald Trump. Tariffs will be set at 10% for timber and lumber, 25% for upholstered furniture and 25% on wooden cabinets and vanities.
U.S. Trade Representative Jamieson Greer said that while the administration doesn't expect to lose its tariff case at the Supreme Court, "wherever we end up," the approach will be similar to what it is now.
CBP issued the following releases on commercial trade and related matters:
Section 232 tariffs on timber, lumber and their derivatives will take effect Oct. 14, under a proclamation issued by President Donald Trump. Tariffs will be set at 10% for timber and lumber, 25% for upholstered furniture and 25% on wooden cabinets and vanities.
China is launching a foreign-trade barrier probe on Mexico after the latter country announced plans this month to increase tariffs from certain non-free-trade-agreement countries, including a decision that will reportedly raise tariffs on Chinese cars from 20% to 50%. The investigation also will look into Mexico's duty increases for imports of Chinese textiles, clothing, plastics, steel, home appliances, aluminum, toys, furniture, footwear, leather goods, paper and cardboard, motorcycles and glass.