The American Association of Port Authorities, which represents 80 U.S. ports, told the Office of the U.S. Trade Representative that adding a 100% tariff to ship-to-shore cranes made by Chinese companies or with Chinese components will increase costs for its members without creating domestic manufacturing.
Five senators, both Republicans and Democrats, asked Jamieson Greer, then the U.S. trade representative nominee, to advocate for a formal exclusion process to tariffs, as was done for the Section 301 tariffs in Trump's first term. These written exchanges were recently posted at the Senate Finance Committee website, long after Greer's confirmation vote.
At a subcommitee hearing called "Foreign Threats to American Innovation and Economic Leadership," senators shared their frustration that they had a similar hearing about the profusion of counterfeit products for sale online two years ago, and still, they haven't been able to make a difference (see 2310030071).
Trade groups representing three strong exporting sectors -- soybeans, semiconductors and medical devices -- and an expert in critical minerals trade all told the Senate Finance Committee that higher tariffs on all countries and products, and constantly changing tariff policy, aren't good for American competitiveness.
Goods loaded onto feeder vessels before reciprocal tariffs took effect, but transferred to another vessel after, aren’t eligible for an exemption from the tariffs for in-transit goods, CBP said in an update to a FAQ May 15.
Goods loaded onto feeder vessels before reciprocal tariffs took effect, but transferred to another vessel after, aren’t eligible for an exemption from the tariffs for in-transit goods, said CBP in an update to a FAQ May 15.
Given the fast-evolving trade dynamics in the U.S., some suppliers from China have been advising importers to take advantage of delivered duty paid terms -- which is bad advice and can get companies in trouble with CBP, customs consultant Tom Gould said during a May 13 webinar hosted by Revenue Vessel.
Washington state punches above its weight in goods exports, and exported $57.8 billion worth of goods in 2024, including $40.7 billion in manufactured products. Some 45% of those manufactured exports are Boeing planes and aerospace parts.
Companies are starting to feel their way into a long-range import plan while still coping with a number of unknowns in the near term, according to a DHL official speaking during a May 12 company webinar on U.S. tariff updates.
A bill being considered in the House Ways and Means Committee that would extend Trump tax cuts that would otherwise expire at the end of the year is looking to international trade to pay for part of the cost of income tax reductions. The bill also adds new tax breaks, such as on overtime pay and tips.