International Trade Today is providing readers with the top stories from last week in case they were missed. All articles can be found by searching on the titles or by clicking on the hyperlinked reference number.
As customs brokers and importers respond to sudden changes in U.S. trade compliance regulations, the trade will need to come up with new models that can allow companies to be nimble when those changes trickle down to the Harmonized Tariff Schedule, trade expert Cindy Allen said recently at the Automotive Industry Action Group's North American Customs and Trade Town Hall on Nov. 6 in Detroit.
President Donald Trump told a TV interviewer that there would be "surgical" reductions to reciprocal tariffs, and that he intends to lower tariffs on coffee.
The FDA's ability to process imports slowed down this fall, driven by a combination of factors: the government shutdown, the transition from a regional to a national processing program, and increased scrutiny of imported products subject to import alerts, such as products from Indonesia, sources told International Trade Today.
CBP's initiative aimed at facilitating partnerships between the agency and the trade community will likely remain intact under the Trump administration, but it's unclear how the initiative will evolve alongside CBP's renewed focus on trade enforcement, former CBP officials said at a "Customs and Trade Town Hall" held by the Automotive Industry Action Group last week in Detroit.
There are probably five justices who will find that the reciprocal tariffs were not permissible under the International Emergency Economic Powers Act that the president used to impose them, according to Georgetown University Law Center Professor Marty Lederman. Lederman, a senior fellow in the Supreme Court Institute at Georgetown, was one of two guests on the weekly Washington International Trade Association podcast that aired Nov. 7.
The U.S. is likely to commit to a full renegotiation of USMCA during the trade pact's upcoming sunset review and could even abandon the trilateral agreement in favor of individual ones, according to Miguel Messmacher, former chief economist at the Ministry of Finance of Mexico.
NEW YORK -- Geodis Vice President Ed Fitzgerald and Maytee Pereira, Customs and International Trade co-leader at PwC, told trade compliance professionals that CBP scrutiny is getting stricter.
NEW YORK -- Although the president's obsession with domestic manufacturing doesn't extend to apparel, there are no signs the administration will adjust tariff policy to make clothing imports more affordable, or even adjust rules of origin to privilege nearshoring, an old Washington hand told the U.S. Fashion Industry Association annual conference audience.
International Trade Today is providing readers with the top stories from last week in case they were missed. All articles can be found by searching on the titles or by clicking on the hyperlinked reference number.