President Donald Trump, on his way to Israel, softened his message on tariffs on Chinese goods. When asked if imposing those tariffs was still the plan, he said, "Right now it is. Let's see what happens. November 1st is an eternity."
Beijing this week announced a host of new export license requirements for shipments of rare earths, superhard materials and related equipment, including new rules to restrict overseas exports if they contain certain levels of Chinese-origin materials. The country’s Ministry of Commerce also added more than a dozen companies to its Unreliable Entity List for arms sales to Taiwan or for other actions that it said hurt Chinese companies or the country’s “sovereignty” or security.
Think tank scholars said they think it's possible that tariffs on Chinese goods could decline by 20 percentage points after the two countries' presidents meet in a month, but that it's also possible that tariffs could soar again if President Donald Trump is angered by China's support for Russia, Iran or aggression toward the Philippines.
EPA plans to modify the regulations governing the use of hydrofluorocarbons for certain industrial, intermodal and retail sectors as prescribed under the Technology Transitions section of the American Innovation and Manufacturing Act of 2020, it said in a Federal Register notice. Comments on the proposed changes are due Nov. 17.
The Foreign-Trade Zones Board issued the following notices Oct. 3:
Taiwan has rejected the idea of a 50-50 split in chip manufacturing recently proposed by U.S. Commerce Secretary Howard Lutnick (see 2509290046).
Commerce Secretary Howard Lutnick said that he proposed a chip manufacturing scheme to Taiwanese officials that would see 50% of manufacturing shifted to the U.S. as part of a larger trade deal with the country.
The scope of the products covered by 100% U.S. tariffs on "patented and branded medicines" is unclear, though both the EU and Japan will only be hit with 15% tariffs, a White House official told several news outlets.
After China fought the U.S. to a draw, by throttling exports of rare earth magnets so that the U.S. dropped tariff levels and some export controls, former government officials, researchers and a businessman talked about what might come next.
In the Sept. 17 Customs Bulletin (Vol. 59, No. 38), CBP published proposals to modify and revoke ruling letters concerning the country of origin for an e-scooter and tariff classifications of shrimp spring rolls and breaded shrimp.