The U.S. should drop tariffs on EU steel from 50% to 15% and suspend Section 232 investigations targeting EU products as part of the two sides' trade framework announced in August (see 2508200052), said Bernd Lange, the chair of the EU Parliament’s Committee on International Trade. He also said the EU should work in a sunset provision that would end the agreement if the two sides haven’t made progress in 18 months.
Several Democratic senators talked about their legislative efforts to rein in President Donald Trump's sweeping tariff hikes the same day that the Supreme Court grappled with the question of whether Congress gave away too much of its power to the president to set tariffs.
CBP created Harmonized System Update 2539 on Oct. 31, containing 38 Automated Broker Interface records and 17 Harmonized Tariff Schedule records. It includes the Section 232 duties on Medium- and Heavy-Duty Vehicles (MHDVs), Medium- and Heavy-Duty Vehicle Parts (MHDVPs), and buses effective Nov. 1, pursuant to Presidential Proclamation 10984 issued on Oct. 17.
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.
NEW YORK -- Apparel import compliance professionals more used to thinking about bills of lading and purchase orders than the major questions doctrine had their hopes raised -- and dashed -- at the annual U.S. Fashion Industry Association conference.
The first class-action lawsuit against the president’s International Emergency Economic Powers Act tariffs was filed Nov. 4 at the U.S. District Court for the District of Columbia (Smirk & Dagger Games v. Donald J. Trump, D.D.C. # 1:25-03857).
Two Trump appointees, along with the three liberal justices, had sharp questions for the Trump administration's advocate as the Supreme Court held a nearly three-hour hearing on the constitutionality of tariffs imposed around the world under the International Emergency Economic Powers Act.
Pete Mento is joining consultancy Baker Tilly to “lead and develop” its customs and global trade practice, he said on LinkedIn. The practice will “be focused on client solutions to manage and reduce tariffs with a strict eye toward compliance and technology driven solutions,” he said.
Software developer Descartes found that the majority of the 434 freight forwarders and customs brokers it surveyed globally are taking a wait-and-see approach to company growth amid worldwide macroeconomic uncertainties, according to the company's annual Forwarder/Broker Benchmark Study released this week.
More than 100 House Democrats asked the U.S. trade representative to make significant changes to USMCA as part of its six-year review, arguing that imports from Mexico and Canada are undermining U.S. autoworkers, steelworkers, aerospace workers and farmers.