After pulling back for the moment on threatened 25% tariffs on Canadian and Mexican imports, China is the only country facing imminent tariffs over fentanyl smuggling. The 10% tariffs will be added to most favored nation duties or, for goods subject to Section 301 duties of either 25% or 7.5%, to those duties and the underlying MFN rates.
Countries where the U.S. has a significant trade deficit could be potential targets for future U.S. tariffs, according to panelists speaking during a Jan. 29 customs market update sponsored by Expeditors.
President Donald Trump told reporters that there are no concessions Mexico, Canada or China could make to avoid tariffs on Feb. 1, which he wants to use to punish them for trade deficits, fentanyl trafficking, and, in the case of Canada and Mexico, migration across their borders.
The following lawsuits were filed at the Court of International Trade during the week of Jan. 20-26:
CBP created Harmonized System Update 2504 on Jan. 24, containing four Automated Broker Interface (ABI) records and one Harmonized Tariff Schedule record. In support of the Participating Government Agency message set, PGA flag indicator AL1 for APHIS was updated.
CBP issued the following releases on commercial trade and related matters:
CBP created Harmonized System Update 2503 on Jan. 22, containing 70 Automated Broker Interface (ABI) records and 10 Harmonized Tariff Schedule records. HSU 2503 includes the updated HTS Watermelon Fee for the National Watermelon Promotion Board rate assessment.
CBP created Harmonized System Update 2502 on Jan. 21, containing 193 Automated Broker Interface (ABI) records and 30 Harmonized Tariff Schedule records. HSU 2502 includes HTS updates for the National Watermelon Promotion Board rate assessment, which will increase to 9 cents per hundredweight as of Jan. 22.
CBP issued the following releases on commercial trade and related matters:
No goods subject to special trade remedies -- 99.9% of which are subject to Section 301 tariffs -- would be able to enter as de minimis shipments under a proposed rule released by CBP Jan. 17.