The Commerce Department issued notices in the Federal Register on its recently initiated antidumping and countervailing duty investigations on overhead door counterbalance torsion springs from China and India (A-570-186/C-570-187, A-533-936/C-533-937). The CVD investigations cover entries for the calendar year 2023. The AD investigation on India covers entries Oct. 1, 2023, through Sept. 30, 2024, and the AD investigation on China covers entries April 1, 2024, through Sept. 30, 2024.
The former chief of staff to then-U.S. Trade Representative Robert Lighthizer has been chosen for USTR in Donald Trump's second administration.
The exclusion process for Section 301 tariffs was understandable in one regard -- requests for goods linked to China's technology supremacy strategy known as Made in China 2025 were less likely to be successful.
A free-trade senator shrugged off President-elect Donald Trump's promise to put 25% tariffs on all Canadian and Mexican goods, Canadian politicians scurried to convince Trump it can satisfy his demands, and Mexico's president alternately scolded and offered cooperation to the president-elect.
CBP issued the following releases on commercial trade and related matters:
President-elect Donald Trump's Treasury Secretary nominee, hedge fund CEO Scott Bessent, has talked about tariffs as a way to "escalate to de-escalate," with the goal of "getting rid of all the tariffs."
Six Republican senators, including President-elect Donald Trump's nominee to be secretary of state, Marco Rubio of Florida, reintroduced a bill that would prohibit the Biden administration from requiring that goods made in the West Bank be labeled as such, rather than labeled "Made in Israel." The senators, led by Sen. Tom Cotton, R-Ark., are concerned that labeling items as from the West Bank would help the boycott, divestment and sanctions movement, which opposes the occupation of the West Bank, East Jerusalem, Golan Heights and Gaza. The BDS movement argues that those who support Palestinians' rights shouldn't buy goods from firms that either manufacture in those territories, such as Ahava, or allegedly support the Israeli army, like Sabra, oppress Arab citizens of Israel, like SodaStream, or provide technology for surveillance of Palestinians, like HP.
The Commerce Department issued notices in the Federal Register on its recently initiated antidumping and countervailing duty investigations on hard empty capsules from Brazil, China, India and Vietnam (A-351-864/C-351-865, A-570-184/C-570-185, A-533-934/C-533-935, A-552-847/C-552-848). The CVD investigations cover entries for the calendar year 2023. The AD investigations on Brazil and India cover entries Oct. 1, 2023, through Sept. 30, 2024, and the AD investigations on China and Vietnam cover entries April 1, 2024, through Sept. 30, 2024.
Ten Democrats on the House Ways and Means Committee introduced a bill that would forbid the president from using the International Emergency Economic Powers Act, or IEEPA, to impose tariffs or quotas on imports.
Trump transition team members may have already drafted an executive order hiking tariffs on Chinese imports, said Peterson Institute for International Economics fellow Mary Lovely, during a webinar moderated by former European commissioner and now PIIE fellow Cecilia Malmstrom.