A past trade staffer from the Senate Finance Committee said that if Congress wanted to write tariffs into law in order to use that revenue as a partial pay-for in tax cut extensions, those tariffs would likely wait until January 2026, as that's when the tax laws would take effect.
The CEO of footwear company Steve Madden expects to reduce its imports from China and increase sourcing from other regions to hedge against proposed punitive tariffs on China by President-elect Donald Trump.
Uncertainties over labor negotiations affecting U.S. East Coast and Gulf Coast ports, plus concerns over tariffs proposed by President-elect Donald Trump (see 2411060037), could result in a higher volume of U.S. imports in the coming weeks, the National Retail Federation said Nov. 8.
CBP has released its Nov. 6 Customs Bulletin (Vol. 58, No. 44), which includes the following ruling action:
The chairman of the House Ways and Means Subcommittee on Trade said Nov. 8 that he’s “hopeful that there [are] some things we can do” on trade when Congress returns to Washington this month for its lame-duck session.
In less than three months, President Donald Trump will be back in the White House, after a campaign during which he floated 10% or 20% tariffs on all countries except China, which would be hit with an additional 60 percentage points on top of current tariffs.
Proposed new tariffs will negatively affect American consumers, the American Apparel and Footwear Association said in a news release Nov. 6 reacting to the results of the U.S. presidential and congressional elections. President-elect Donald Trump says he will increase tariffs on goods coming into the country.
European collaboration with the U.S. on trade-related policies and other issues likely will become more difficult when President-elect Donald Trump returns to the White House in January, a former Swedish government official said Nov. 7.
LIVONIA, Michigan -- The consuls general of Mexico and Canada in Detroit encouraged auto industry players to lobby the next administration, to let it know that tariffs on Canadian and Mexican goods would be disruptive to the integrated auto industry, and to push for the administration to comply with a panel ruling on auto rules of origin.
The Commerce Department published notices in the Federal Register Nov. 6 on the following AD/CV duty proceedings (any notices that announce changes to AD/CV duty rates, scope, affected firms or effective dates will be detailed in another ITT article):