The creation of an External Revenue Service (ERS) to collect tariffs, duties and other foreign trade-related revenues could result in realigning CBP so that the agency would fall under the Department of the Treasury instead of DHS, according to two ArentFox Schiff attorneys.
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 Trump administration may be beginning to favor the use of trade policy tools like tariffs to replace sanctions to compel foreign policy, researchers said on a podcast hosted by the Center for a New American Security last week.
After the Trump administration released a memo outlining the scope of trade action to be taken during his term, one thing became clear, according to a variety of trade attorneys: antidumping duty and countervailing duty rates are about to soar.
President Donald Trump's recent threat to slap Colombia with a 25% tariff could serve as a harbinger for how he could interact with Canada, Mexico and other trading partners when it comes to tariffs, according to industry observers interviewed by International Trade Today.
On Jan. 23, 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:
CBP issued the following releases on commercial trade and related matters:
On Jan. 21, the FDA posted new and revised versions of the following Import Alerts on the detention without physical examination of:
President Donald Trump posted that if Russian President Vladimir Putin doesn't "make a 'deal,' and soon, I have no other choice but to put high levels of Taxes, Tariffs, and Sanctions on anything being sold by Russia to the United States, and various other participating countries."
President Donald Trump railed against the trade stance of the European Union, as he often has, as he talked about tariffs and trade deficits with reporters as he signed executive orders on the first day of his second term.