President Donald Trump told reporters on Oct. 15 that he would like to attend the Nov. 5 oral argument at the Supreme Court regarding whether he can use the International Emergency Economic Powers Act to impose tariffs. After declaring that the tariffs he has imposed are essential for economic and national security matters, Trump said: "I'm going to go to the Supreme Court to watch it. I've not done that, and I've had some pretty big cases."
RANCHO MIRAGE, Calif. -- The downturn in cargo volumes may be muting any market impact of U.S. efforts to collect fees on Chinese-built and -operated ocean vessels, a panelist recently said at the Western Cargo Conference.
U.S. Trade Representative Jamieson Greer, in a joint press conference with Treasury Secretary Scott Bessent, said the administration has already drafted some documents to hike tariffs on Chinese goods, and is drafting other documents that might impose more export controls for goods sold to Chinese firms.
CBP issued a CSMS message with guidance on Section 232 tariffs on timber, lumber and derivative products. The guidance largely repeats what was said in the annexes to President Donald Trump’s Sept. 29 proclamation imposing the tariffs (see 2509300017), with additional information on reporting exemptions from reciprocal tariffs and additional tariffs on Brazil and India.
Sen. Ron Wyden, D-Ore., said he participated this week in the reintroduction of a resolution to terminate the reciprocal tariffs emergency because "that's one of the keys to holding down costs. The President said that was his top priority, and he basically has run as aggressively and quickly as he could to get out from under it. And what we're doing, in a bipartisan way, is saying: If you're serious about holding down costs, you have to go out and fix these horrible tariffs that are jacking up costs all over."
The sunset review of USMCA was designed to provide certainty to businesses, since even if one country says it doesn't think the trade pact should continue at the six-year mark, consultations continue for 10 years.
Offering its thoughts as an amicus curiae to the Supreme Court’s International Emergency Economic Powers Act tariffs case, the nonprofit Consumer Watchdog said that if IEEPA does grant the executive the powers President Donald Trump claims, the law itself is unconstitutional under the nondelegation doctrine (Donald J. Trump v. V.O.S. Selections, U.S. 25-250) (Learning Resources v. Donald J. Trump, U.S. 24-1287).
President Donald Trump and Brazil's President Luiz Inácio Lula da Silva had a "friendly" talk for 30 minutes Oct. 6, according to an unofficial translation of a Brazilian readout. Trump wrote on social media, "This morning, I had a very good telephone call with President Lula, of Brazil. We discussed many things, but it was mostly focused on the Economy, and Trade, between our two Countries. We will be having further discussions, and will get together in the not too distant future, both in Brazil and the United States. I enjoyed the call — Our Countries will do very well together!"
There will be some rapprochement on trade between India and the U.S. by the end of the year, but nothing substantive, former U.S. trade negotiators predicted during an Oct. 3 webinar.
A sterling silver bracelet that underwent production in the U.S. before being shipped to India to undergo additional processing is still considered as having U.S. origin and is thus exempt from duties, CBP recently ruled in NY N350026.