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.
President Donald Trump posted that if Russian President Vladimir Putin doesn't "make a 'deal,' and soon, I have no other choice but to put high levels of Taxes, Tariffs, and Sanctions on anything being sold by Russia to the United States, and various other participating countries."
CBP is expanding the number of supply chain entity party types that can input Global Business Identifiers in the ACE Cargo Release from the original six optional parties or filers to include two new parties: “Intermediary” and “Source,” according to a Federal Register notice seeking approval from the Office of Management and Budget for CBP's planned changes in information collection.
Auto sector manufacturers and importers will have 425 days to cut Chinese software that enables automated driving systems or enables a vehicle to connect to the outside world at a frequency above 450 MHz from their supply chains, according to a final rule from the Bureau of Industry and Security set to be published Jan. 16.
Rep. Don Beyer, a long-time trade liberalization advocate, led a 90-minute hearing making the case against more tariffs in the second Trump administration, and Senate Budget Committee Chairman Sheldon Whitehouse, Majority Leader Chuck Schumer and Senate Finance Committee Chairman Ron Wyden slammed the economic impact of campaign tariff promises as the Democrats try to use their bully pulpits in the last week before Republicans will have control at both ends of Pennsylvania Avenue.
President-elect Donald Trump tweeted a threat on Nov. 30 that he had earlier made on the campaign trail -- that he will impose 100% tariffs on exports from countries who try to create a workaround to trading in dollars, the world's reserve currency.
President-elect Donald Trump's Treasury Secretary nominee, hedge fund CEO Scott Bessent, has talked about tariffs as a way to "escalate to de-escalate," with the goal of "getting rid of all the tariffs."
CBP has defined two dates for when the agency expects to deploy ACE enhancements related to steel melt and pour country reporting and when CBP hopes to implement Phase 3 of the Section 232 trade remedy on aluminum smelt, according to CBP's ACE development schedule for November.
Maros Sefcovic of Slovakia, the EU’s candidate for trade and economic security commissioner, said this week he would “double down” on defending European industry against “increasingly widespread” unfair practices.
Automakers, chipmakers and broad business groups asked the Bureau of Industry and Security to give their industries more time to adjust to new requirements to move supply chains out of China and report on what companies are in their connected vehicle supply chains.