Although the number of entry summaries processed by CBP in March slightly rose compared with amounts in January and February this year and March 2024, the amount of identified estimated duties nearly doubled, according to releases from the agency.
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.
The Court of International Trade denied a motion from five importers to put an emergency block on President Donald Trump’s reciprocal tariffs, in an order issued late on April 22. CIT Judges Jane Restani, Gary Katzmann and Timothy Reif ruled the five importers haven’t shown that “immediate and irreparable harm” would result from not issuing a temporary restraining order while the court considers the importers’ request for a longer-lasting preliminary injunction.
President Donald Trump thinks that by applying a 25% tariff to auto part imports, domestic parts companies will thrive. But 77% of the nearly 1,000 auto supplier companies that belong to MEMA are pessimistic about the next year for their businesses -- and 55% said that government trade policy is the No. 1 threat to financial health.
Several trade groups representing shippers, the maritime industry and U.S. ports criticized the Office of the U.S. Trade Representative's Section 301 determination last week calling for a phased-in approach to levy fees on foreign-built vessels and car-carrying vessels docking at U.S. ports as part of a broader push to build and bolster an American shipbuilding industry (see 2504180018).
South Korea's Customs Service has discovered a sharp uptick in country of origin violations for goods headed to the U.S., it announced in an April 21 press release.
The International Trade Commission published notices in the April 21 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 April 21 on the following antidumping and countervailing duty (AD/CVD) proceedings (any notices that announce changes to AD/CVD 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 countervailing duty order on stainless steel flanges from India (C-533-878) for the period of review Jan. 1, 2023, though Dec. 31, 2023, for the three companies subject to the review -- CD Industries (Prop. Kisaan Engineering Works Pvt. Ltd.), Jai Auto Pvt. Ltd., and R. N. Gupta & Company Limited. Jai Auto withdrew its request for review. The review for CD Industries and RNG is rescinded because there were no reviewable, suspended entries of subject merchandise from the two companies during the review period. Commerce will instruct CBP to assess countervailing duties on all appropriate entries, at rates equal to the cash deposit of estimated CVD required at the time of entry, or withdrawal from warehouse, for consumption, it said.
The Commerce Department has released the final results of the antidumping duty administrative review on raw honey from India (A-533-903). These final results will be used to set final assessments of AD on importers for subject merchandise entered Nov. 23, 2021, through May 31, 2023.