If incoming President Donald Trump imposes 25% tariffs on all Mexican and Canadian imports, it would be deeply disruptive to business in Texas, Arizona, Michigan and southeastern states with major auto manufacturing.
The following are short summaries of recent CBP NY rulings issued by the agency's National Commodity Specialist Division in New York:
The following lawsuits were recently filed at the Court of International Trade:
The following lawsuits were filed at the Court of International Trade during the weeks of Nov. 18-24 and Nov. 25 - Dec. 1:
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.
The Steel Manufacturers Association is asking President-elect Donald Trump to curtail current Section 232 quota restrictions and to end Section 232 exemptions for some Mexican products, to expand Section 232 to more downstream products, and greatly narrow exclusions to the tariffs.
If President Trump were to impose 25% tariffs on all Mexican and Canadian imports, because he believes those countries are not doing enough to stop migration and drug trafficking, no industry would be hurt more than the auto industry.
The following are short summaries of recent CBP NY rulings issued by the agency's National Commodity Specialist Division in New York:
Hours after President-elect Donald Trump said he would impose a 25% tariff on imports from Canada and Mexico until they take steps to address drugs and migrants crossing the border, Mexican President Claudia Sheinbaum warned that she might retaliate with her own set of trade restrictions.
Despite looming geopolitical and labor uncertainties, freight markets are appearing to hold steady, trade industry executives told International Trade Today. But President-elect Donald Trump's announcement this week of plans to levy a 25% tariff against Mexico and Canada and increase by 10% the tariffs on Chinese goods (see 2411260012) could propel the freight markets into a frenzy should importers try to rush to get cargo in before the tariffs are implemented.