As companies seek to accommodate changes in U.S. tariffs, they should seek to understand the terms of their intercompany agreements and transfer pricing policies to avoid potential violations, according to an energy and infrastructure lawyer with Baker McKenzie.
Sen. Jeanne Shaheen, D-N.H., speaking at the NATO Public Forum in the Netherlands, said she believes Congress is ready to approve a bill that would impose a wide range of sanctions on Russia and its supporters if Moscow refuses to reach a peace deal with Ukraine, including a 500% tariff on imported goods from countries that buy Russian oil, gas, uranium and other products (see 2504020003).
CBP issued the following releases on commercial trade and related matters:
CBP created Harmonized System Update 2523 on June 22, containing 21 Automated Broker Interface records and eight Harmonized Tariff Schedule records. HSU 2523 includes Section 232 Additional Derivative Steel adjustments that went into effect June 23 (see 2506200066).
A product classification tool made by AI-informed trade compliance platform Gaia Dynamics scored 100% on the product classification section of the April 2025 U.S. customs broker license exam, the Palo Alto, California-based company said in a June 23 release.
FormuKleen, a Boca Raton, Florida-based importer in the hospitality industry, accused Miami-based freight forwarder and customs broker Top Shipping Systems (TSS) of violating the Shipping Act by withholding two “high-value” shipments in an attempt to obtain payment for past-due invoices for other shipments, according to a complaint filed this month with the Federal Maritime Commission.
The National Customs Brokers & Forwarders Association of America and dozens of state and national-level trade groups representing shippers have signed a letter warning the heads of multiple federal agencies of potential supply chain disruptions that could result should tariff changes proceed as planned.
As the Commercial Customs Operations Advisory Committee voted at its June 18 quarterly meeting to pass along to CBP various recommendations offered by the subcommittees, CBP received public comments seeking clarification on whether the agency still will be processing paper payments after Sept. 30.
CBP posted the following documents for the June 18 Commercial Customs Operations Advisory Committee (COAC) meeting:
Importer Monarch Metals told the Court of International Trade that its stainless steel wire imports are products of Japan and not China, meaning its goods were improperly subjected to Section 301 and Section 232 tariffs. In a complaint filed June 13, Monarch Metals said that under CBP's prior application of the substantial transformation test to steel wire, no substantial transformation occurs by drawing steel rod into steel wire (Monarch Metals v. United States, CIT # 24-00266).