The Commerce Department is setting new countervailing duty cash deposit requirements for imports of epoxy resin from China (C-570-167), India (C-533-927), Taiwan (C-583-877) and South Korea (C-580-920) after finding countervailable subsidization of producers and exporters in the four countries in the preliminary determinations of its CVD investigations. Suspension of liquidation and cash deposit requirements will take effect Sept. 13, 2024, for entries of subject merchandise from India and Taiwan, and will take retroactive effect for entries from China as of June 15, 2024.
On April 4, the FDA posted new and revised versions of the following Import Alerts on the detention without physical examination of:
The Foreign-Trade Zones Board issued the following notices April 7:
Momentum is building for a bill that would prevent President Donald Trump from imposing tariffs on lumber, semiconductors or medicines without congressional approval -- if the bill could overcome a presidential veto before those tariffs are imposed.
Israeli Prime Minister Benjamin Netanyahu, at a joint press conference at the White House with President Donald Trump, told reporters: "I said to the president, we will eliminate the trade deficit with the United States. We intend to do it very quickly. We think it's the right thing to do. And we're going to also eliminate trade barriers, variety of trade barriers that have been put up unnecessarily.
White House Council of Economic Advisers Chair Stephen Miran is defending the formula used to impose reciprocal tariffs -- taking the trade deficit, dividing it by the amount of exports to a country, and dividing the result in two.
The Liberty Justice Center, a conservative litigation firm, issued a call for plaintiffs to challenge President Donald Trump's use of the International Emergency Economic Powers Act to impose tariffs on all goods entering the U.S. The group is looking to challenge this use of IEEPA "under the major questions and nondelegation doctrines."
CBP issued the following releases on commercial trade and related matters:
A listing of recent Commerce Department antidumping and countervailing duty messages posted on CBP's website April 4, along with the case number(s) and CBP message number, is provided below. The messages are available by searching for the listed CBP message number at CBP's ADCVD Search page.
CBP is still holding up DJI's shipments of drones into the U.S., according to an interview with a spokesman for the company recounted in a trade publication about commercial unmanned aerial vehicles.