U.S. tariffs won't apply to gold, President Donald Trump said in an Aug. 11 Truth Social post, despite a July 31 CBP ruling that found that gold bars are subject to reciprocal tariffs if they have been processed (see 2508080017).
President Donald Trump will extend to November the deadline for tariffs on Chinese goods that were due to come into effect at midnight Aug. 12, multiple news outlets have reported.
The White House released President Donald Trump’s executive order extending the application of 10% reciprocal tariffs under subheading 9903.01.25 to China. The suspension of China’s higher country-specific tariff under subheading 9903.01.63 – currently set at 34% but previously as high as 125% -- will now remain in effect until 12:01 a.m. Nov. 10, the executive order said.
The president's trade team has been suggesting that its definition of transshipment is different than what the word has traditionally meant -- that they will assign country of origin based on how much of the finished good was made from local inputs.
A Federal Maritime Commission small claims officer on Aug. 7 dismissed a complaint against New Jersey-based Citi Freight Logistics (CFI) and Best International Cargo (BIC) of Canada, saying HP Logistics (HPL) failed to show that the firms engaged in unfair charging practices for dismantling and shipping an excavator from Tennessee to Vietnam.
International Wood Group (IWG) and Honest Trading International accused DB Schenker, a non-vessel operating common carrier and freight forwarder, of mismanaging five of their shipments since last year, causing them to incur “substantial” financial losses and hurting their ability to do business, according to a complaint filed with the Federal Maritime Commission Aug. 5.
Florida-based Worldwide Nexus Logistics has accused ocean carrier Wallenius Wilhelmsen of losing possession of three boats it was supposed to ship from the U.S. to Chile, according to a complaint filed with the Federal Maritime Commission in late July.
Beijing pushed back on the notion that the U.S. is considering secondary tariffs against China for purchasing Russian oil, saying it has a right to buy Russian energy.
The International Trade Commission published notices in the Aug. 8 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 Aug. 8 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):