President-elect Donald Trump tweeted a threat on Nov. 30 that he had earlier made on the campaign trail -- that he will impose 100% tariffs on exports from countries who try to create a workaround to trading in dollars, the world's reserve currency.
If President Trump were to impose 25% tariffs on all Mexican and Canadian imports, because he believes those countries are not doing enough to stop migration and drug trafficking, no industry would be hurt more than the auto industry.
Brandon Chen, who took the April 2022 customs broker license exam, appealed the final results of his exam to the Court of International Trade, contesting 11 questions that CBP denied him credit for. Filing a complaint at the trade court on Nov. 25, Chen noted that he is only two correct answers away from a passing score of 75% (Brandon Chen v. U.S., CIT # 24-00208).
In the Nov. 27 Customs Bulletin (Vol. 58, No. 47), CBP published proposals to revoke ruling letters concerning forklift accessories.
CBP issued the following releases on commercial trade and related matters:
CBP has released its Nov. 27 Customs Bulletin (Vol. 58, No. 47), which includes the following ruling actions:
The former chief of staff to then-U.S. Trade Representative Robert Lighthizer has been chosen for USTR in Donald Trump's second administration.
The exclusion process for Section 301 tariffs was understandable in one regard -- requests for goods linked to China's technology supremacy strategy known as Made in China 2025 were less likely to be successful.
Despite looming geopolitical and labor uncertainties, freight markets are appearing to hold steady, trade industry executives told International Trade Today. But President-elect Donald Trump's announcement this week of plans to levy a 25% tariff against Mexico and Canada and increase by 10% the tariffs on Chinese goods (see 2411260012) could propel the freight markets into a frenzy should importers try to rush to get cargo in before the tariffs are implemented.
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