President Donald Trump, speaking after meeting Aug. 25 with South Korea's president, said he believes the two sides have cemented the trade deal he first announced last month. "I think we have a deal done. They had some problems with it, but we stuck to our guns," Trump said. "They're going to make the deal that they agreed to make." Trump added that it's a "very big trade deal" and the "biggest deal" South Korea has "ever made by far."
A White House official, speaking on background, clarified that the investigation the president posted about last week on social media, which he said would lead to tariffs on furniture (see 2508220054), is not a new investigation that would cover an array of furniture made out of plastic, metal or wood. Rather, wooden furniture tariffs would fall under the Section 232 investigation on lumber that began at the beginning of March (see 2503030039).
CBP has announced the Harmonized Tariff Schedule subheadings that will apply for goods imported from India that are subject to an additional 25% tariff beginning Aug. 27, according to an Aug. 25 cargo systems message and a Federal Register notice.
SpaceX vessels out recovering space flight hardware components on the high seas are subject to vessel entry and arrival requirements, CBP said in a May 23 ruling released Aug. 21.
President Donald Trump said on social media: "I am pleased to announce that we are doing a major Tariff Investigation on Furniture coming into the United States. Within the next 50 days, that Investigation will be completed, and Furniture coming from other Countries into the United States will be Tariffed at a Rate yet to be determined."
President Donald Trump said, "over the next two weeks, we're going to find out which way it's going to go," referring to efforts to negotiate an end to the war in Ukraine. Trump, who was answering reporters' questions Aug. 22 in the Oval Office clarified that he'd make a decision on whether Russia needs to be punished for resisting a settlement, or whether he washes his hands of the effort.
The Commerce Department's Bureau of Industry and Security seeks public comments by Sept. 9 in connection with its recently launched Section 232 investigation on the national security effects of imports of wind turbines and their parts and components, it said in a Federal Register notice. BIS is interested in such effects as the concentration of U.S. imports of wind turbines and their parts and components from a small number of suppliers or foreign nations and the associated risks; the potential for foreign control or exploitation of the wind turbine supply chain; and the ability of foreign persons to weaponize the capabilities or attributes of foreign-built wind turbines and their parts or components.
Lawyers with extensive experience in Uyghur Forced Labor Prevention Act detentions said that CBP processes have been changing, and that companies should stress test how quickly they can get documents about materials from their suppliers and suppliers' suppliers, and how quickly they can understand all they've been given and send the right documents to CBP.
Crowell & Moring partner David Stepp, a trade expert in the Los Angeles office, said that he and other trade lawyers have been hearing rumors about how the Trump administration will define "transshipment" in its reciprocal trade agreements. He said the rumor is that details will be released "in coming days."
EU Trade Minister Maros Sefcovic said that the EU "will need to translate key elements of the joint statement into legislative proposals," and that politicians have a "firm intention" to "present these legislative proposals and launch this process still this month."