President Donald Trump notified Congress of plans to sign a free trade agreement with Mexico, the White House said. The agreement will also include Canada, “if it is willing.”
Mexico and the U.S. reached an agreement on several NAFTA issues, President Donald Trump said in an Aug. 27 announcement. The two countries found common ground on several contentious issues in recent weeks, including new rules of origin for autos.
The increased Section 232 tariffs on steel from Turkey will take effect at 12:01 a.m. on Aug. 13, the White House said in a proclamation. CBP issued filing instructions for Turkish steel on Aug. 12 in a CSMS message. Importers are to include the classification "9903.80.02 (50% ad valorem duty rate for products of iron and steel that are the product of Turkey)" in addition to the regular Chapter 72 or 73 classifications, the agency said.
The Office of the United States Trade Representative released the final list for the second tranche of Section 301 tariffs on Aug. 7. CBP will begin the collection an extra 25 percent in tariffs on those goods from China starting Aug. 23, the USTR said in its announcement.
CBP will again delay enforcement of parts of the agency's in-bond requirements, it said in a Aug. 1 CSMS message. CBP previously planned to begin enforcement on Aug. 6. The delay is "due to issues identified with electronic communication for intermodal movement of cargo and other operational issues," CBP said.
CBP released its proposed rulemaking for updated drawback regulations under the Trade Facilitation and Trade Enforcement Act. The long-awaited rulemaking had been held up for months while the Treasury Department and Office of Management and Budget reviewed its provisions.
President Donald Trump announced that the U.S. will "resolve the steel and aluminum issues" with the European Union after the EU agreed to buy more soybeans and liquefied natural gas, and to enter negotiations to drop non-auto industrial tariffs to zero. The EU's retaliatory tariffs will also be "resolved," said Trump.
The U.S. Trade Representative is proposing an additional 10 percent tariff on 6,031 8-digit tariff lines -- about $200 billion worth of imports. Those who wish to testify for or against the inclusion of an item on the list must file by July 27, and written comments are due by August 17. Hearings will be held August 20-23. Senior government officials said a decision on tariffs will be made sometime after August 30.
Correction: Section 301 duties on products from China that are set to begin July 6 will be eligible for drawback, CBP said in a CSMS message.
The U.S. plans to impose a 10 percent tariff on an additional $200 billion worth of goods from China in response to China's retaliatory tariffs, President Donald Trump said in a June 18 statement. China's decision to implement 25 percent tariffs on $34 billion in U.S. imports, mirroring the Section 301 tariffs, shows China "has no intention of changing its unfair practices related to the acquisition of American intellectual property and technology," said Trump. "The latest action by China clearly indicates its determination to keep the United States at a permanent and unfair disadvantage."