South Korea's Customs Service has discovered a sharp uptick in country of origin violations for goods headed to the U.S., it announced in an April 21 press release.
Retail companies with any level of exposure in their supply chains to Chinese companies or products need to be taking proactive steps to ensure that they will not fall afoul of Uyghur Forced Labor Prevention Act enforcement, a compliance expert told importers in a webinar hosted by Logistics Brief.
U.S. domestic lumber companies are delighted that President Donald Trump is considering imposing Section 232 tariffs on imports of lumber and its derivative products, but U.S. domestic manufactures expressed concern and foreign countries pleaded for exemptions in public comments to the Bureau of Industry and Security.
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.
The Trump administration's decision to pause most reciprocal tariffs on April 9 was a "well-planned move" and not a reaction to the bond market, National Economic Council director Kevin Hassett said in an interview with CNBC April 10.
President Donald Trump said that the 10% universal tariff rate that he imposed on April 2 is not necessarily permanent, depending on what other countries are willing to give the U.S. in return for removal.
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.
The Commerce Department soon will suspend liquidation and impose antidumping duty cash deposit requirements on imports of corrosion-resistant steel products from Australia, Brazil, Canada, Mexico, the Netherlands, South Africa, Taiwan, Turkey, the United Arab Emirates and Vietnam, it said in a fact sheet issued April 4.
The European Commission has proposed 25% retaliatory tariffs on some U.S. goods in response to the tariffs on steel and aluminum President Donald Trump imposed last month (see 2503120042), according to a document seen by Reuters, the news service reported April 7.
Latin American countries are quietly breathing a sigh of relief that President Donald Trump's Liberation Day tariffs are focused primarily on other parts of the world, which may even give the region a comparative advantage.