The following are short summaries of recent CBP NY rulings issued by the agency's National Commodity Specialist Division in New York:
The nominee to lead the Office of the U.S. Trade Representative, Jamieson Greer, told New Mexico Democrat Sen. Ben Lujan that, as he starts a sunset review of USMCA, he thinks rules of origin should be tightened up in some sectors.
Trade lawyers at Thompson Hine told clients and stakeholders that the old approaches to lobbying for North American trade don't work on the Trump administration. Don't try arguing that sourcing in Mexico makes your products more price competitive. Don't explain that the three countries' manufacturing supply chains are integrated. Don't tell them that 60% of the value of the Mexican car was in U.S. parts exported to the assembly plant. Don't try to argue that a 25% tariff on imports from Mexico and Canada will cause inflation. "They don't want to hear, 'It's going to cost more,' said Dan Ujczo, a senior counsel at the law firm. "'We have invested x amount of dollars, and here are the jobs in the United States,' that’s what they want to hear."
The following are short summaries of recent CBP NY rulings issued by the agency's National Commodity Specialist Division in New York:
International Trade Today is providing readers with the top stories from last week in case they were missed. All articles can be found by searching on the titles or by clicking on the hyperlinked reference number.
After pulling back for the moment on threatened 25% tariffs on Canadian and Mexican imports, China is the only country facing imminent tariffs over fentanyl smuggling. The 10% tariffs will be added to most favored nation duties or, for goods subject to Section 301 duties of either 25% or 7.5%, to those duties and the underlying MFN rates.
Tariffs will be delayed on Canada, President Donald Trump decided about eight hours before the deadline, and hours after he announced Mexico wouldn't face tariffs for the next month. He also granted Canada 30 days to convince him to keep duty-free trade flowing.
Hours after releasing an executive order imposing a 25% tariff on Canadian goods and a 10% tariff on energy goods from Canada, two additional orders came from the White House on Feb. 1: one setting a 10% tariff on goods from China and the other a 25% tariff on goods from Mexico.
President Donald Trump signed on Feb. 1 an executive order setting a 25% tariff on most goods from Canada, but a 10% tariff on "energy goods." The emailed order says the tariffs will apply beginning 12:01 a.m. ET on Feb. 4, though goods in transit as of 12:01 a.m. ET on Feb. 1 will not be subject to the duties.
Two Democrats have introduced a bill in the Senate that, if it becomes law, would prevent a president from levying tariffs on free-trade partners, on NATO members and on major non-NATO allies without congressional approval.