The House Select Committee on China agreed that the Bureau of Industry and Security's connected vehicle rule, which was issued at the end of the Biden administration but starts to bite in mid-March, should be codified.
The Bureau of Industry and Security will likely approve nearly all newly submitted requests for inclusions of new tariff subheadings under 50% Section 232 tariffs on steel and aluminum derivatives, according to a Nov. 30 blog post by trade lawyer Paul Fudacz.
The Bureau of Industry and Security is extending public comment periods for two information collections related to its delivery verification procedures for imports, it said in notices released Nov. 20. The agency previously requested feedback on the collections in July and is now allowing an additional 30 days for comments (see 2507250001).
President Donald Trump told reporters that unless China stops fentanyl shipments, resumes buying U.S. soybeans and stops playing "the rare earth game with us," he won't lower tariffs.
U.S. Trade Representative Jamieson Greer, in a joint press conference with Treasury Secretary Scott Bessent, said the administration has already drafted some documents to hike tariffs on Chinese goods, and is drafting other documents that might impose more export controls for goods sold to Chinese firms.
President Donald Trump reacted angrily to China's plan to expand export restrictions, including when rare earths are in products made abroad (see 2510090021. In a social media post that seemed to trigger a 2.7% drop in the S&P 500, he wrote, "Dependent on what China says about the hostile 'order' that they have just put out, I will be forced, as President of the United States of America, to financially counter their move. For every Element that they have been able to monopolize, we have two."
The Bureau of Industry and Security posted more requests for new products to be included as derivatives subject to Section 232 tariffs on steel and aluminum products. The release of the requests starts a two-week comment period for the potential inclusions, with comments on each due Oct. 21.
The Commerce Department’s Bureau of Industry and Security posted 95 requests for inclusions of new tariff subheadings under 50% Section 232 tariffs on steel and aluminum derivatives. Comments on the inclusion requests are due in 14 days, on Oct. 21, and the postings also kick off a 60-day period for BIS to consider the requests.
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The first window for requests for new auto parts to be covered by Section 232 tariffs will open Oct. 1, beginning a 14-day submission window, followed by a 60-day period to consider the inclusion requests, the Commerce Department’s Bureau of Industry and Security said in an interim final rule outlining the inclusion process.