CBP created Harmonized System Update 2523 on June 22, containing 21 Automated Broker Interface records and eight Harmonized Tariff Schedule records. HSU 2523 includes Section 232 Additional Derivative Steel adjustments that went into effect June 23 (see 2506200066).
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.
Senate Finance Committee Chairman Mike Crapo, R-Idaho, wanted to include trade items in the bill that extends and expands Trump income tax cuts, according to a lobbyist on trade matters.
Major Asian trading partners may be diverging as countries try to avoid U.S. tariffs jumping from 10% to rates in the mid 20s.
The National Customs Brokers & Forwarders Association of America and dozens of state and national-level trade groups representing shippers have signed a letter warning the heads of multiple federal agencies of potential supply chain disruptions that could result should tariff changes proceed as planned.
Canada is preparing new and revised tariffs, along with a tariff quota, to address what it said is the Trump administration’s “unfair trade” measures in the steel and aluminum sectors. The new tariffs and other measures will be in place as Canada negotiates a new “economic and security partnership” with the U.S., the country’s Department of Finance announced June 19.
The Supreme Court on June 20 denied a motion from importers Learning Resources and Hand2Mind to expedite consideration of their petition to have the high court take up their lawsuit against tariffs imposed under the International Emergency Economic Powers Act (Learning Resources v. Trump, Sup. Ct. # 24-1287).
CBP has released its June 18 Customs Bulletin (Vol. 59, No. 25). It contains one proposed ruling action related to the tariff classification of certain neck, face, head and arm coverings, and another one related to the tariff classification of aluminum locking brackets from China It also includes one U.S. Court of Appeals for the Federal Circuit opinion.
CBP has set the 2025 tariff-rate quota for tuna under Harmonized Tariff Schedule subheading 1604.14.22, it said in a Federal Register notice. The rate is calculated as a percentage of the tuna in airtight containers entered or withdrawn from warehouse for consumption during the preceding calendar year.
CBP issued guidance on additional derivative steel products that will be subject to Section 232 duties starting June 23.