Robust communication with importers’ suppliers, as well as using publicly available alternative data sets, are two ways that companies can ensure UFPLA compliance, especially in an environment of uncertainty about how much the White House will focus on forced labor in the supply chain, according to speakers participating on two webinars hosted by Kharon last week.
The U.S. Trade Representative has published its annual trade estimate, almost 400 pages of tariff and non-tariff barriers in countries around the world. The report noted, "The estimates included in this report constitute an attempt to quantitatively assess the potential effect of removing certain foreign trade barriers to particular U.S. exports. However, the estimates cannot be used to determine the total effect on U.S. exports, either to the country in which a barrier has been identified, or to the world in general. In other words, the estimates contained in this report cannot be aggregated in order to derive a total estimate of gain in U.S. exports to a given country or the world."
President Donald Trump, in interviews with "Meet the Press" over the weekend, said a 25% tariff on purchasers of Russian oil could happen at any moment if he decides Russia is the impediment to peace in Ukraine.
Authorities in Beijing watching the Trump administration "sabotage itself" with tariffs on allies and redefinition of the international order are in no hurry to establish a U.S.-China trade deal, experts said at a March 31 event.
President Donald Trump, talking to reporters in the Oval Office, declined to say whether tariffs would be tailored to individual countries, or there would be a universal rate on all imports, saying that he'll let them know either Tuesday night, or probably April 2.
Rep. Marlin Stutzman, R-Ind., introduced a bill this week that would impose a tariff on imported Australian Waygu beef. The U.S. and Australia have an FTA, but Australia does not allow any beef imports from the U.S., ostensibly over concerns over mad cow disease. A meat export trade group says typical U.S. beef would not be price-competitive in Australia, but argued that the trade barrier should be lowered nonetheless.
Five Democrats on the House Ways and Means Committee introduced a bill this week that would repeal Section 338 of the Tariff Act of 1930, which allows a president to impose 50% tariffs on trading partners if they're deemed to be discriminating against U.S. products. It doesn't require the president to disclose the evidence of discrimination.
Sen. Tim Kaine, D-Va., the leader on a push to revoke the emergency underlying 25% tariffs on many Canadian goods and 10% tariffs on Canadian energy, said his resolution will get a vote on April 1.
President Donald Trump described his phone call with Canadian Prime Minister Mark Carney as "extremely productive," in a social media post, adding "we agree on many things, and will be meeting immediately after Canada’s upcoming Election to work on elements of Politics, Business, and all other factors, that will end up being great for both the United States of America and Canada. Thank you for your attention to this matter!"
CBP has released its March 26 Customs Bulletin (Vol. 59, No. 13), which includes the following ruling actions: