Two Trump appointees, along with the three liberal justices, had sharp questions for the Trump administration's advocate as the Supreme Court held a nearly three-hour hearing on the constitutionality of tariffs imposed around the world under the International Emergency Economic Powers Act.
President Donald Trump issued an executive order on Nov. 4 implementing a cut in the International Emergency Economic Powers Act fentanyl tariffs on China to 10%. The tariff cut takes effect Nov. 10, as expected (see 2511030005).
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.
Sens. Catherine Cortez Masto, D-Nev., and Rand Paul, R-Ky., introduced a bill Oct. 29 to repeal reciprocal tariffs that apply to coffee imports.
South Korea's government said it has agreed to the details of a trade deal that lowers tariffs on goods outside the Section 232 actions to 15%, all-inclusive, and applies that rate to autos manufactured in Korea, too.
House Ways and Means Committee Chairman Rep. Jason Smith, R-Mo., cheered the trade deals that leave 19% tariffs in place on Cambodian and Malaysian goods, while those countries lower their tariffs.
A group of 36 senators and 171 representatives filed an amicus brief last week at the Supreme Court, challenging President Donald Trump's ability to impose tariffs under the International Emergency Economic Powers Act. All the signatories were members of the Democratic Party, save for Sen. Lisa Murkowski, R-Alaska (Donald J. Trump v. V.O.S. Selections, U.S. 25-250) (Learning Resources v. Donald J. Trump, U.S. 24-1287).
The U.S. released an outline of an agreed-to deal with Vietnam, but said it will be finalized "in coming weeks."
The U.S. and Thailand issued a joint statement on a trade framework over the weekend, which says Thailand will eliminate tariff barriers on about 99% of U.S. exports, while the U.S. will exclude some products from the Sept. 5 Annex III (see 2509050073) to spare them from 19% reciprocal tariffs. Those goods will still be subject to most-favored nation duties, and the 19% is added to MFN, as well. The final agreement will be negotiated over coming weeks, the statement says.