Several FDA-regulated products previously exempt from partner government agency filing requirements when falling under the $800 de minimis threshold must now be reported to the FDA, “effective immediately,” CBP said in a cargo systems message issued July 9.
President Donald Trump continued to post screenshots of his tariff letters July 7, informing Laos and Myanmar of a 40% rate for their products, Kazakhstan and Malaysia of a 25% rate, and South Africa of a 30% rate.
President Donald Trump issued an executive order late July 7 that said he is postponing the effective date of higher country-specific reciprocal tariff rates from July 9 to Aug. 1 "based on additional information and recommendations from various senior officials, including information on the status of discussions with trading partners."
President Donald Trump shared the text of his "offer letters" to Japan and South Korea, telling those countries' leaders that goods from their countries will be subject to 25% tariffs, beginning Aug. 1. Back in April, he had said a 24% reciprocal tariff rate would apply to Japanese goods, and a 25% rate would apply for South Korean goods, with those rates briefly taking effect before being delayed until July 9.
President Donald Trump announced on social media that he has arrived at a deal with Vietnam, and its goods will face a 20% tariff. If goods are transshipped, the president said, they will pay 40% tariffs. "In return, Vietnam will do something that they have never done before, give the United States of America TOTAL ACCESS to their Markets for Trade. In other words, they will “OPEN THEIR MARKET TO THE UNITED STATES,” meaning that, we will be able to sell our product into Vietnam at ZERO Tariff. It is my opinion that the SUV or, as it is sometimes referred to, Large Engine Vehicle, which does so well in the United States, will be a wonderful addition to the various product lines within Vietnam."
President Donald Trump, on social media, said the U.S. is "hereby terminating ALL discussions on Trade with Canada, effective immediately" because its digital service tax is not being delayed. The first payments are due on July 1.
The two importers challenging tariffs issued under the International Emergency Economic Powers Act before the District Court for the District of Columbia directly petitioned the Supreme Court to hear their case. The importers, Learning Resources and Hand2Mind, represented by Akin Gump, said the question of whether IEEPA authorizes tariffs "will inevitably fall to this Court to resolve definitively." The companies said they can't wait for the normal appellate process to wrap up, even on an expedited basis, given the "tariffs’ massive impact on virtually every business and consumer across the Nation, and the unremitting whiplash caused by the unfettered tariffing power the President claims." The importers are only asking the high court to review whether IEEPA provides for tariffs and not any of its other challenges to President Donald Trump's IEEPA tariff action, noting that it's the only claim the government says courts have the power to review.
The Bureau of Industry and Security is adding several new subheadings, largely covering household appliances, to the list of derivatives subject to 50% Section 232 tariffs on steel, it said in a notice. The additions, which take effect 12:01 a.m. ET June 23, including subheadings 8418.10.00; 8418.30.00; 8418.40.00; 8422.11.00; 8450.11.00; 8450.20.00; 8451.21.00; 8451.29.00; 8509.80.20; 8516.60.40; and 9403.99.9020.
The U.S. Court of Appeals for the Federal Circuit on June 10 stayed the Court of International Trade's permanent injunction on all of President Donald Trump's executive orders implementing tariffs under the International Emergency Economic Powers Act pending the appeal of the case. In a per curium order, all CAFC judges in regular active service said "a stay is warranted under the circumstances." In addition, the court said all active judges will hear the case, as opposed to the court's traditional three-judge panel approach, in light of the "issues of exceptional importance" presented by the matter.
Steel and aluminum and their derivatives will be subject to 50% tariffs, not 25% tariffs, President Donald Trump wrote in a proclamation. The changes take effect at 12:01 a.m. June 4.