The White House quietly released Annex III to President Donald Trump’s executive order on reciprocal tariffs yesterday, detailing Harmonized Tariff Schedule subheadings that will be used for the tariffs that take effect at 12:01 a.m. April 5 and April 9.
Drawback will be available on recently announced reciprocal tariffs that take effect April 5 and April 9, CBP confirmed in an emailed CSMS message providing guidance on the tariffs. “Drawback is available with respect to the additional duties imposed pursuant to the Executive Order,” the CSMS message said.
Trade groups mostly reacted in alarm to the dramatic change in tariffs with every country that is coming this month, whether because of expected retaliation against their exports or, in the case of sectors that are largely supplied by imports, the increase in costs.
The European Parliament on April 3 voted 531-69, with 17 abstentions, to postpone the effective date of new EU-wide supply chain due diligence rules for certain companies (see 2405240031). If formally approved by the European Council, the reporting rules would be postponed by one year for companies with over 5,000 employees and annual turnover of $1.6 billion, along with “non-EU companies with a turnover above this threshold in the EU.” Parliament said this means member states would have an extra year -- until July 26, 2027 -- to transpose the rules into their national legislation, and the companies “will only have to apply the rules from 2028.”
The International Trade Commission published notices in the April 3 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 3 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 has published the preliminary results of its antidumping duty administrative review on steel nails from Taiwan (A-583-854). Rates calculated in this review will be used to set assessment rates for importers of subject merchandise from four exporters remaining in the review that was entered July 1, 2023, through June 30, 2024.
The Commerce Department has published the preliminary results of its antidumping duty administrative review on circular welded carbon steel pipes and tubes from Thailand (A-549-502). In the final results of this review, Commerce may set assessment rates for subject merchandise from mandatory respondent Saha Thai Steel Pipe Public Co., Ltd., and for the unexamined company, Thai Premium Pipe Co. Ltd., entered March 1, 2023, through Feb. 29, 2024.
The Commerce Department is setting new countervailing duty cash deposit requirements for imports of slag pots from China (C-570-197), after finding subsidization of Chinese producers in the preliminary determination of a CVD investigation. Suspension of liquidation and cash deposit requirements take effect April 3.
On April 1-2, the FDA posted new and revised versions of the following Import Alerts on the detention without physical examination of: