North America trade expert Dan Ujczo, from Thompson Hine, was expecting 25% tariffs on Canada and Mexico to begin Jan. 20.
President Donald Trump railed against the trade stance of the European Union, as he often has, as he talked about tariffs and trade deficits with reporters as he signed executive orders on the first day of his second term.
President Donald Trump told reporters that his administration is still thinking of imposing 25% tariffs on both Mexican and Canadian goods "because they're allowing vast numbers of people -- Canada's a very bad abuser also -- vast numbers of people to come in, and fentanyl to come in. I think we'll do it February 1st."
The following are short summaries of recent CBP NY rulings issued by the agency's National Commodity Specialist Division in New York:
In a complaint filed Jan. 15, steel wire exporter Tree Island said CBP erroneously assessed Section 301 and Section 232 tariffs on 11 of its entries (Tree Island Industries v. United States, CIT # 25-00019).
Scott Bessent, President-elect Donald Trump's nominee for treasury secretary, told the Senate Finance Committee that they should think about how tariffs will be deployed by thinking of three categories.
The following lawsuits were filed at the Court of International Trade during the weeks of Dec. 30 - Jan. 5 and Jan. 6-12:
U.S. imports got a boost in December and are likely to be elevated in January compared with year-ago levels, according to the National Retail Federation, as retailers brought in spring merchandise early to hedge against the potential of a labor strike at East Coast and Gulf Coast terminals -- a strike threat that was averted this week (see 2501090003).
The Coalition for a Prosperous America, an advocacy group aligned with President-elect Donald Trump's trade and manufacturing policies, is calling on his administration to reinstate Section 232 tariffs on Mexican steel. "If Mexico continues to breach its commitments, CPA urges the Trump administration to reconsider Mexico’s participation in USMCA altogether," the group wrote in a release issued Jan. 10.
Rep. Henry Cuellar, a Democrat who represents Laredo, Texas, said that if Donald Trump, once he becomes president, were to impose 25% tariffs on Mexico, it would be very disruptive to business in his district. Trump re-upped the threat of those tariffs in a press conference earlier this week (see 2501070027). He had said he would hike tariffs on all Mexican and Canadian goods if Mexico and Canada don't crack down to his satisfaction on migration and drug trafficking into the U.S.