Beijing this week announced a host of new export license requirements for shipments of rare earths, superhard materials and related equipment, including new rules to restrict overseas exports if they contain certain levels of Chinese-origin materials. The country’s Ministry of Commerce also added more than a dozen companies to its Unreliable Entity List for arms sales to Taiwan or for other actions that it said hurt Chinese companies or the country’s “sovereignty” or security.
Sen. Lindsey Graham, R-S.C., said late Oct. 7 that he hopes to have the Senate take up his Russia sanctions and tariff bill by month’s end to send a message to next month’s Group of Seven foreign ministers meeting in Canada.
There is a directive from President Donald Trump to quickly land deals in steel, aluminum and energy, according to Canadian Trade Minister Dominic LeBlanc, who spoke to Canadian reporters in the late afternoon Oct. 7, after a White House visit accompanying Prime Minister Mark Carney.
Think tank scholars said they think it's possible that tariffs on Chinese goods could decline by 20 percentage points after the two countries' presidents meet in a month, but that it's also possible that tariffs could soar again if President Donald Trump is angered by China's support for Russia, Iran or aggression toward the Philippines.
Given the White House's focus on trade enforcement, Customs rulings have become a way for importers to ensure they are following trade regulations appropriately.
The likelihood of the Supreme Court striking down President Donald Trump's tariffs issued under the International Emergency Economic Powers Act is a "coin flip," various attorneys said during a Sept. 30 webinar hosted by The Budget Lab, a policy research center at Yale University. Scott Lincicome, vice president of general economics at the Cato Institute, an amicus in the IEEPA tariffs cases, noted a "very clear split" among trade lawyers and constitutional lawyers as to where the Supreme Court will come out on this issue.
A new report from Rethink Trade, an anti-corporate trade nonprofit, says that while the USMCA's Rapid Response mechanism has helped tens of thousands of workers in Mexico, unions and Rethink Trade will push for changes to the mechanism in the USMCA review.
A recent CBP ruling, HQ H347879, indicates that CBP is scrutinizing the evidence that importers give to the agency when trying to prove that a bona fide sale has taken place.
The International Trade Commission published notices in the Sept. 26 Federal Register on the following antidumping and countervailing duty injury, Section 337 patent or other trade proceedings (any notices that warrant a more detailed summary will be in another ITT article):
After China fought the U.S. to a draw, by throttling exports of rare earth magnets so that the U.S. dropped tariff levels and some export controls, former government officials, researchers and a businessman talked about what might come next.