CBP has updated its June 20 guidance on Section 232 additional steel derivative products (see 2506200066) to list the correct number for preexisting Harmonized Tariff Schedule of the U.S. subheading 9903.81.98, according to a June 24 cargo systems message. The change corrects the Chapter 99 HTS number for some steel or iron derivative imports coming from the U.K. No changes were made to the attachment that was part of the CSMS message, according to CBP.
An importer can't use the transaction value of the first sale for appraisement purposes, CBP recently determined in a May 6 ruling, finding that the middleman paid the manufacturer late yet didn't pay any interest as required by the contract, indicating that the transaction wasn't at arm's length.
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.