Asia Society think tank experts, in an analysis of President Donald Trump's visit in Malaysia, Japan and Korea, called the trip very successful.
U.S. Trade Representative Jamieson Greer said that whether the deal that was just signed with China is a one-year de-escalation, or more, "is in China's hands to some degree." He called the period a confidence-building step, but that if China doesn't do as it promised, then the U.S. has other options.
The Trump administration filed its reply brief on Oct. 30 in the Supreme Court cases on the legality of tariffs imposed under the International Emergency Economic Powers Act, addressing a host of arguments relating to the text of the IEEPA, all of the statute's requirements and the history of the measure (Donald J. Trump v. V.O.S. Selections, U.S. 25-250) (Learning Resources v. Donald J. Trump, U.S. 24-1287).
CBP has provided guidance on how to offset duties or claim an import adjustment for imports of automobile parts via an Oct. 31 cargo systems message.
President Donald Trump, on a flight to Florida for the weekend, told reporters that China is "working very hard" on cracking down on fentanyl precursor trafficking, in the hopes of completely eliminating the 20 percentage points of tariffs the U.S. imposed over that issue. Trump already agreed to reduce it by 10 percentage points.
As CBP ramps up enforcement and seeks to ensure that importers' claims of first sale are valid, expect the agency to pay close attention to the documents of the middleman, said tax consultants with KPMG during an Oct. 27 presentation on first sale at the International Compliance Professionals Association's annual conference in Texas.
House Ways and Means Committee Chairman Jason Smith has added his voice to the chorus of Republicans pushing back on President Donald Trump's plan to increase Argentinian beef imports, in the aim of lowering beef prices on grocery store shelves.
A majority of the Senate voted to end the fentanyl emergency for Canada, which underlies 30% tariffs on some Canadian goods, under the International Emergency Economic Powers Act.
The Senate voted 51-47 to terminate the national emergency based on the trade deficit, the emergency the president used to impose tariffs of between 10% and 39% on nearly every country in the world.
CBP erroneously found that importer Superon Schweisstechnik's stainless steel round wires aren't coated in a "flux material" and thus misclassified three types of the wires, Superon argued in an Oct. 30 complaint filed at the Court of International Trade. The importer faulted CBP for using the "conventional test methods" on the wires' coating, "rather than the globally recognized specialized methods necessary for identifying" the type of coating on the wires (Superon Schweisstechnik India v. United States, CIT # 21-00570).