President Donald Trump acknowledged that the Ontario premier rolled back a surcharge on electricity exports to the U.S. and told reporters at the White House that he "probably" wouldn't increase to 50% the tariffs on Canadian steel and aluminum set to take effect on March 12, as he had threatened about five hours earlier.
Section 232 tariffs on the new steel and aluminum “derivatives” outside of Chapters 73 and 76 will take effect at 12:01 a.m. tonight, CBP said in a pair of CSMS messages. The March 12 effective date is in line with the other Section 232 duty increases announced in February, including an end to all country-specific quotas and exclusions and an increase in aluminum tariffs to 25%.
Elevated import volumes at major U.S. ports could persist through this spring "amid continuing tariff turmoil" before volumes face potential year-over-year drops over the summer, according to the National Retail Federation and Hackett Associates.
The International Trade Commission published notices in the March 10 Federal Register on the following antidumping and countervailing duty (AD/CVD) injury, Section 337 patent or other trade proceedings (any notices that warrant a more detailed summary will be in another ITT article):
The United States is interested in negotiating a new free trade agreement with India, Commerce Secretary Howard Lutnick told an Indian audience on March 8.
The Foreign-Trade Zones Board issued the following notices on March 10:
Two pro-trade Democrats on the House Ways and Means Committee reintroduced a bill that would restrict the president's ability to use Section 232 to impose tariffs without Congress' consent. Four other House Democrats are co-sponsoring the bill.
CBP issued the following releases on commercial trade and related matters:
CBP has released its March 5 Customs Bulletin (Vol. 59, No. 10), which includes a ruling action involving the revocation of one ruling letter and revocation of treatment relating to the tariff classification of women's pants. Also included are two Court of International Trade slip opinions.
CBP updated Harmonized System Update 2509 created on March 7 (see 2503070015). The update says that as of March 7, the temporary exclusion from the additional ad valorem IEEPA duties in place for in-transit shipments ended. Consequently, HTS 9903.01.23 is no longer available for merchandise entered for consumption, or withdrawn from warehouse for consumption, after 12:01 a.m. EST on March 7. All shipments that are country of origin China and Hong Kong are required to submit the 9903.01.24 tariff as well as remit payment of the additional 20% duty, unless the shipment meets the other exclusions (donation, information materials, Chapter 98).