President Donald Trump, in a social media post, said he will impose 10% tariffs on Denmark, Norway, Sweden, France, Germany, the U.K. the Netherlands and Finland starting Feb. 1, rising to 25% on June 1. He said the tariff will remain "until such time as a Deal is reached for the Complete and Total purchase of Greenland. The United States has been trying to do this transaction for over 150 years. Many Presidents have tried, and for good reason, but Denmark has always refused. Now, because of The Golden Dome, and Modern Day Weapons Systems, both Offensive and Defensive, the need to ACQUIRE is especially important."
President Donald Trump, at an event in the Oval Office about rural health care, segued from talking about how he pressured the president of France to have his health system pay more for pharmaceuticals to talking about imposing tariffs on countries that are resisting his plans for Greenland.
If the Supreme Court eliminates the president's ability to impose tariffs under the International Emergency Economic Powers Act, it may not mean the return of the de minimis exemption, which President Donald Trump also ended via IEEPA, trade lawyers told us.
CBP says it has updated the ACE Certification environment to enhance duty calculation validation. Next month, the enhancement will be added to the ACE Production environment, according to a Jan. 16 cargo systems message.
A 1985 Ferrari 288 GTO is properly classified under duty-free Harmonized Tariff Schedule subheading 9705.10.0090 as a "collectors' piece of historical interest," rather than as a motor vehicle of subheading 8703.23.0190, dutiable at 2.5%, importer Ferrari 288 GTO LLC argued in a Jan. 14 complaint at the Court of International Trade (Ferrari 288 GTO LLC v. United States, CIT # 26-00671).
The Drug Enforcement Agency has a new section in an ACE implementation guide providing guidance on submitting partner government agency message set data for tableting and encapsulating machines, according to a recent cargo systems message.
Senate Finance Committee Chairman Mike Crapo, R-Idaho, told International Trade Today that the fact that the House of Representatives already passed two spending packages complicates his desire to attach trade preferences to a spending bill, but that it is not necessarily an insurmountable hurdle. Both bills, which fund a number of departments through Sept. 30, must pass both chambers before Jan. 30. The Senate voted on the first of the two packages -- which funds Commerce Department, the International Trade Commission, and the Office of the U.S. Trade Representative -- a few hours after Crapo spoke. That leaves only one funding bill that could serve as a vehicle for the trade bills.
Despite a clamor from the trade community for guidance on how to calculate metal content value for Section 232 duty purposes, CBP seems hesitant to issue a customs ruling on the subject, according to trade attorney Mollie Sitkowski. The agency already has punted on the issue several times this fall, claiming that Section 232 tariffs are a Department of Commerce issue, she said.
Taiwanese auto parts and derivative goods subject to the lumber 232 actions will be subject to a 15% tariff, rather than the 25% rates applicable to most countries, the Commerce Department announced. The reciprocal tariff for Taiwan will also be cut, from 20% to 15%, inclusive of most-favored nation duties.
Taiwanese auto parts and lumber derivatives subject to Section 232 actions will be subject to a 15% tariff, rather than the 25% rates applicable to most countries, the Commerce Department announced Jan. 15. The reciprocal tariff for Taiwan also will be cut, from 20% to 15%, inclusive of most-favored-nation duties.