Sen. Susan Collins, R-Maine, is asking the Commerce Department to allow exclusions for aluminum and steel products subject to Section 232 tariffs, as they did in the first term, because lobstermen are finding it harder to make a profit due to higher costs.
The 12 U.S. states challenging President Donald Trump's ability to impose tariffs under the International Emergency Economic Powers Act filed their reply brief at the Supreme Court on Oct. 20, arguing that the text of IEEPA doesn't allow for any tariffs to be imposed and that Trump's reciprocal tariffs and tariffs to combat the flow of fentanyl don't meet the statute's other requirements (Donald J. Trump v. V.O.S. Selections, U.S. 25-250) (Learning Resources v. Donald J. Trump, U.S. 24-1287).
RANCHO MIRAGE, Calif. -- As CBP ramps up trade enforcement, companies must not only strive to have their supporting documents in order, they also must scrutinize CBP's enforcement actions to ensure the agency is interpreting matters correctly, trade attorneys said at last week's Western Cargo Conference (WESCCON).
Section 232 tariffs on heavy- and medium-duty trucks and their parts and on buses will take effect Nov. 1, under a proclamation issued by President Donald Trump. Tariffs will be set at 25% for classes III through VIII trucks and their parts, and 10% on buses.
Section 232 tariffs on heavy- and medium-duty trucks and their parts and on buses will take effect Nov. 1, under a proclamation issued by President Donald Trump. Tariffs will be set at 25% for classes III through VIII trucks and their parts, and 10% on buses.
The increase in U.S. tariffs enacted by the Trump administration is likely to persist "for several more administrations," according to former White House Trade Adviser Kelly Ann Shaw.
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Pharmaceutical company AstraZeneca reached a deal with the Trump administration that will delay Section 232 tariffs for three years, the company announced in an Oct. 10 press statement.
U.S. Trade Representative Jamieson Greer, in a taped address to the Global Forum on Steel Excess Capacity held Oct. 10, said that his country "has taken effective actions" to address excess steel capacity, by imposing tariffs on direct and indirect steel imports from countries with overcapacity.
CBP created Harmonized System Update 2538 on Oct. 10, containing 32 Harmonized Tariff Records and 88 Automated Broker Interface records. The update includes Section 232 Timber/Lumber Tariff Updates and Adjustments for the African Growth and Opportunity Act (AGOA) and Haiti Hope trade preference programs.