The USDA Foreign Agricultural Service will charge $325 for the 2025 tariff-rate quota year for each license issued to a person or firm by the USDA authorizing the importation of certain dairy articles that are subject to TRQs set forth in the Harmonized Tariff Schedule, it said in a notice. The new fee is $50 lower than the fee charged for 2024 TRQ year licenses (see 2308300040).
The Coalition for a Prosperous America, which advocates for protecting American manufacturing, said the new Senate Finance Committee bill to restrict de minimis moves "things in the right direction," even more than the bill that passed the House Ways and Means Committee in the spring.
Former President Donald Trump said last week that he might put not just a blanket 10% tariff on imports from countries other than China, but 20% tariffs, at least on "foreign countries that have been ripping us off for years" (see 2408140058).
The nonpartisan Congressional Budget Office has projected that applying Section 301 tariffs to the contents of packages that previously benefited from de minimis, as proposed in the House (see 2407080049), would increase revenue from tariffs by about $23.5 billion in the 2024-2034 period, but would only require reprogramming of ACE and more money for data storage and ACE maintenance, not new CBP officers. The CBO estimated that improving ACE would cost $3 million, and that CBP would need $2 million annually to maintain the system.
CBP has released its Aug. 14 Customs Bulletin (Vol. 58, No. 32), which includes the following ruling actions:
Former President Donald Trump said Aug. 14 that he wants to impose a 10% to 20% tariff on “foreign countries that have been ripping us off for years,” making what seems to be a slight change to the 10% tariff on all U.S. imports that he proposed last year (see 2308290005).
CBP issued the following releases on commercial trade and related matters:
CBP created Harmonized System Update 2412 on Aug. 13, containing 1,000 Harmonized Tariff Schedule records and 4,158 Automated Broker Interface (ABI) records. The update includes several updates to PGA HTS flag indicator for AMS (AM7) and adjustments required by the verification of the 2024 HTS. Any questions or concerns on the PGA HTS Flagging may be sent to itdssupport@cbp.dhs.gov, and questions about the update itself should be directed to the HTS admin at HTSAdmin@cbp.dhs.gov.
Sen. Marco Rubio, R-Fla., urged Congress this month to pass two bills aimed at reducing U.S. reliance on China for critical minerals.
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.