Section 232 tariffs on timber, lumber and their derivatives will take effect Oct. 14, under a proclamation issued by President Donald Trump. Tariffs will be set at 10% for timber and lumber, 25% for upholstered furniture and 25% on wooden cabinets and vanities.
Wendy Cutler, a former career negotiator with the Office of the U.S. Trade Representative and chief negotiator for the U.S.-Korea free trade agreement, said that South Korea may not want to lower its 25% reciprocal tariff to 15% if the price is $350 billion for U.S. investments. Cutler was speaking on a podcast hosted by the Washington International Trade Association on Sept. 26.
President Donald Trump said he and Turkey's President Recep Tayyip Erdogan would talk about changing Turkey's tariff treatment in their meeting Sept. 25, but after the two-hour meeting ended, there was no announcement on adjusting the scope of Turkey's 15% reciprocal tariffs, or Section 232 tariffs on steel.
Sen. Elizabeth Warren, D-Mass., released a letter she sent Sept. 24 to Rolex CEO Jean-Frederic Dufour, asking him whether he used Rolex's luxury box at the U.S. Open Tennis Championship as a venue to lobby President Donald Trump and his staff about exempting luxury watches from 39% reciprocal tariffs on Swiss exports.
Tariff cuts for automobiles and auto parts will take effect Aug. 1, said the Commerce Department in a notice implementing that and other parts of the recent U.S.-EU trade deal.
Tariff cuts for automobiles and auto parts take retroactive effect Aug. 1, said the Commerce Department and the Office of the U.S. Trade Representative in a notice implementing that and other parts of the recent U.S.-EU trade deal.
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The U.S. filed its opening brief at the Supreme Court on Sept. 19 in the lead cases on the legality of tariffs imposed under the International Emergency Economic Powers Act. Solicitor General D. John Sauer said the reciprocal tariffs and tariffs on China, Canada and Mexico meant to stop the flow of fentanyl are a valid exercise of IEEPA, adding that the tariffs are a proper expression of presidential policymaking in emergency situations.
The Supreme Court set oral argument for the lead cases on the legality of tariffs imposed under the International Emergency Economic Powers Act for Nov. 5 (Donald J. Trump v. V.O.S. Selections, U.S. 25-250) (Learning Resources v. Donald J. Trump, U.S. 24-1287).
DHL Global Forwarding is hiring over 200 more staff members as part of a broader effort to expand its U.S. customs operations, according to a statement from DHL Global Forwarding CEO Tim Robertson provided to International Trade Today by DHL.