Companies may need to decide soon whether to file protests as a means of hedging against how the Supreme Court might rule on the International Emergency Economic Powers Act tariffs, Flexport's Marcus Eeman said on an Oct. 22 webinar on recent U.S. tariff actions.
In an effort to drive sales, suppliers have been offering dodgy tariff mitigation strategies to importers, lawyers with Foley and Lardner warned during an Oct. 22 webinar. Suppliers, particularly in countries hard-hit by tariffs like China and India, are as desperate as importers to avoid the painfully high tariffs imposed by the Trump administration, and may offer bad advice to importers to drive sales, lawyer John Turlais said.
Laura DiBella and Robert Harvey, President Donald Trump’s nominees for the Federal Maritime Commission, told lawmakers Oct. 22 that if confirmed, they would vigorously enforce the Ocean Shipping Reform Act of 2022.
The EU is abandoning a plan announced last month that would have postponed its new deforestation reporting requirements for one year, instead granting a six-month grace period for certain companies.
Nicholas Burns, a career diplomat who served as ambassador to China in the Biden administration, told the Atlantic Council that while the Trump administration may have miscalculated "that China didn't have real weight to throw around," he also thinks President Donald Trump has been right to be "tough-minded" on China's economic policies.
On Oct. 21, the FDA posted new and revised versions of the following Import Alerts (after not having posted new ones for a number of days) on the detention without physical examination of:
U.S. Trade Representative Jamieson Greer told a TV reporter that he and Treasury Secretary Scott Bessent were leaving for Malaysia on Oct. 22, to hold trade talks with their Chinese counterparts.
President Donald Trump pushed back on complaints from cattle ranchers and politicians who have large cattle industries in their states, arguing that the 50% tariff he put on Brazilian beef already juiced their bottom lines.
President Donald Trump said on social media that the CEOs of General Motors and Ford, Mary Barra and Bill Ford, “just called to thank me for putting Tariffs on Mid Size and Large Size Trucks. Their Stock has gone through the roof! They told me that, without Tariffs, it would be a very hard, long ‘slog’ for Truck and Car Manufacturers in the United States. I told them, it’s very simple, this is a National Security matter. With the Tariffs, we have a strong and powerful Economy and Country. Without them, we have the exact opposite!”
CBP issued the following releases on commercial trade and related matters: