President Donald Trump, speaking to reporters on Air Force One as he flew in Asia, said he expects that the 20% tranche of tariffs on China, levied due to China's lack of action to crack down on fentanyl trafficking, will be lowered after he meets with President Xi Jinping in South Korea.
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.
On Oct. 27, the FDA posted new and revised versions of the following Import Alerts on the detention without physical examination of:
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.
The following lawsuits were filed at the Court of International Trade during the weeks of Oct. 13-19 and 20-26:
CBP issued the following releases on commercial trade and related matters:
CBP has awarded a multimillion-dollar contract to AI supply chain mapping technology firm Exiger to use its tools to detect illegal transshipment, the firm said an Oct. 28 press release. CBP also will use the software to monitor and enforce trade regulations; "deploy AI-enabled validations" of tariff classification, value and country of origin; map the flow of raw materials and sub-components through global supply chains; and create automated bills of materials for products and sub-components, the release said.
While AI technology providers often tout their ability to classify imported goods, AI might be more useful in helping importers and customs brokers document a large amount of entry data, according to Phillip Poland, who was speaking on an Oct. 22 webinar sponsored by the American Association of Exporters and Importers on AI and reasonable care.
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.
More Republicans will vote to roll back fentanyl tariffs on Canada, lead sponsor Sen. Tim Kaine predicted the evening of Oct. 28, ahead of a vote on the Brazil emergency underpinning additional 40% tariffs on the majority of Brazilian exports.