Commerce Secretary Howard Lutnick said that details in writing on the South Korean and Japanese trade deals will come in "kind of weeks."
In the Aug. 13 Customs Bulletin (Vol. 59, No. 33), CBP published proposals to modify and revoke ruling letters concerning the tariff classification of metal and rubber automotive air springs and suspension bushings, as well as modify ruling letters and revoke treatment relating to the documentary requirements of subheading 9801.00.20.
Tariffs on steel, chips and semiconductors will come into effect by next week or the week after, President Donald Trump said on Aug. 15.
Some companies and associations in the solar industry endorsed additional tariffs on Chinese polysilicon, but others expressed concern that allied countries will be hit with overlapping Section 232 tariffs on both imports of polysilicon and solar cells, in public comments to the Bureau of Industry and Security.
The Republican-led House Select Committee on China said Aug. 14 that a new trade agreement the Trump administration is negotiating with China should contain or exclude certain provisions to protect U.S. economic and national security.
The Coalition for Prosperous America is proposing that a Section 232 investigation on polysilicon result in a tariff-rate quota that is limited to "in-quota trusted suppliers" such as South Korea or Germany, and that excludes Chinese products. A "$0.10 per watt tariff" should apply to over-quota imports of solar cells, with a quota volume "tied to U.S. production capacity" and overseen by the Department of Energy, it said in public comments.
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.
A 40% tariff on transshipped goods could apply to goods that include third-country content above 30%, according to Commerce Secretary Howard Lutnick, speaking on Fox Business Aug. 7.
President Donald Trump said in the Oval Office Aug. 6 that the U.S. will be imposing a tariff of "approximately 100%" on chips and semiconductors, "but if you're building in the United States of America, there is no charge."
Thompson Hine trade lawyer Dan Ujczo, who has expertise in North American trade and, particularly, automotive trade in the USMCA region, said the way the carve-outs to 25% Section 232 tariffs have been shaking out has surprised him -- and, he believes, has surprised countries that are automaking powerhouses.