President Donald Trump told reporters that his administration plans to put tariffs on oil and gas, and on items related to semiconductor chips and pharmaceuticals, and he gave more details about previously threatened tariffs on steel, aluminum and copper.
President Donald Trump told reporters that there are no concessions Mexico, Canada or China could make to avoid tariffs on Feb. 1, which he wants to use to punish them for trade deficits, fentanyl trafficking, and, in the case of Canada and Mexico, migration across their borders.
European Parliament members this week probed the EU’s new trade commissioner about how he’s handling President Donald Trump’s tariff threats, with some members calling on the EU to prepare for retaliation.
Importers should be prepared for uncertainty when it comes to the specifics on tariffs and have plans in place to adjust supply chains and tariff classifications accordingly, lawyers said in webinars by Deringer on Jan. 29 and Barnes & Thornburg on Jan. 30.
The International Trade Commission published notices in the Jan. 30 Federal Register on the following antidumping and countervailing duty (AD/CVD) injury, Section 337 patent or other trade proceedings (any notices that warrant a more detailed summary will be in another ITT article):
The Commerce Department published notices in the Federal Register Jan. 30 on the following antidumping and countervailing (AD/CV) duty proceedings (any notices that announce changes to AD/CV duty rates, scope, affected firms or effective dates will be detailed in another ITT article):
The Commerce Department said it's rescinding the administrative review of the antidumping duty order on oil country tubular goods from China (A-570-943) for the period of review May 1, 2023, through April 30, 2024, because there were no reviewable, suspended entries of subject merchandise during the review period for the two companies for which the review had been requested. Copley International Group Co. Limited and Lixin Energy Group (HK) Co., Ltd. had requested the administrative review cover Petroleum Equipment (Thailand) Co., Ltd., and Thai Oil Pipe Co., Ltd. As a result, no cash deposit rates will change, and the current cash deposit requirements will remain in effect until further notice. Commerce will instruct CBP to assess AD on all appropriate entries, at rates equal to the cash deposit of estimated AD required at the time of entry, or withdrawal from warehouse, for consumption, it said.
The Consumer Product Safety Commission is revising its safety standard for non-full-size baby cribs to incorporate revisions to ASTM F406, a voluntary industry specification standard for non-full-size baby cribs/play yards, it said in a Federal Register notice. CPSC's revision of its final rule regulating non-full-size baby cribs is effective on April 5 unless CPBS receives significant adverse comment on the rule within 30 days of the Jan. 31 publication date of the notice.
On Jan. 29, 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:
The Foreign-Trade Zones Board issued the following notices on Jan. 30: