CBP plans to double down on implementing President Donald Trump's America First trade policy, according to federal officials speaking during the quarterly meeting of the Commercial Customs Operations Advisory Committee, held in Atlanta on March 5.
The trade community is closely watching whether plans by the Department of Government Efficiency to drastically cut the federal workforce will have any impact on trade operations, judging by recent social media posts.
Importers appear to be clamoring for more clarity over how CBP could potentially process imports of steel and aluminum derivatives in response to President Donald Trump’s executive orders earlier this week calling for 25% tariffs on steel and aluminum (see 2502110004).
The abrupt change in how CBP will process low-value goods made in China because of President Donald Trump's executive order banning the de minimis exemption for these goods (see 2502030034) is causing some upheaval among shippers unfamiliar with the other types of customs processing, importers, brokers and logistics providers told International Trade Today.
Expect upheaval as companies that previously imported goods from China under the de minimis exemption face President Donald Trump's ban via executive order on using de minimis for those goods, members of the trade community told International Trade Today.
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.
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.
A Department of Homeland Security memo saying that members of DHS advisory committees have had their memberships revoked may apply to the Commercial Customs Operations Advisory Committee, though questions remain.
CBP will be requiring producers of automotive parts and vehicles to supply more data elements to prove that these goods are eligible for preferential tariff treatment under the trade agreement between the U.S., Mexico and Canada, according to an interim final rule released Jan. 16.
The United States Maritime Alliance and the International Longshoremen's Association announced late Jan. 8 that both sides have agreed on a new six-year master contract, apparently avoiding a potential strike at ports on the East and Gulf coasts later this month.