China raised the tariff rate on U.S.-origin goods, from 34% to 84%, in response to President Donald Trump's April 8 executive order raising reciprocal rates by 50% (see 2504080079), the Office of the Tariff Commission of the State Council announced April 9. The new tariffs will take effect at 12:01 a.m. April 10, the commission said, according to an unofficial translation.
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Tariff policy has been changing so rapidly that CBP hasn't been able to dot all the i's and cross the t's before entries are subject to the new rules, and that's putting brokers in limbo at times, the customs committee chair for the National Customs Brokers & Forwarders Association of America told an audience of brokers at NCBFAA's national conference this week.
Given the prohibitively high tariff levels placed on China, and the uncertainty surrounding reciprocal tariffs on other countries, USMCA-qualifying goods from Canada and Mexico are advantageous options for importers, according to compliance experts speaking at an Automotive Industry Action Group event on April 9.
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Former Trump Trade Official Joining Netflix
Clete Willems, a former National Security Council official and Akin Gump trade lawyer, is joining Netflix as its chief global affairs officer, he said on LinkedIn. Willems served in the first Trump administration as a senior international economics official and sherpa to the Group of 7 and Group of 20.
Former Husch Blackwell Attorney Joins Jones Walker in Maritime Regulatory Practice
Julia Bonestroo Banegas, former attorney at Husch Blackwell, joined Jones Walker as special counsel in the maritime practice group and member of the maritime regulatory team, the firm announced. Banegas' practice will center on advising clients on "federal and state maritime regulations" and "establishing compliance programs that support uninterrupted trade and efficient operations."
CBP Chief Counsel to Retire at End of March
CBP Chief Counsel Fred Smith announced his retirement from CBP in a recent LinkedIn post. Smith, who said he will be retiring at the end of March, has been with CBP over 10 years. A successor has not yet been named on CBP's website.
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