The Office of the U.S. Trade Representative has released in the Federal Register its Section 301 determination on U.S. shipbuilding (see 2504180018), meaning that it has confirmed the timelines for when the U.S. government will collect fees on foreign-built vessels docking at U.S. ports. Fee collection will begin Oct. 14.
The prime minister of Thailand had said top officials would travel to Washington to talk tariffs on April 23, but according to Reuters and Bloomberg reporting, Prime Minister Paetongtarn Shinawatra said the talks were postponed after the U.S. asked Thailand to address unspecified issues.
A former staffer in the Office of the U.S. Trade Representative during President Donald Trump's first term and a Harvard professor agreed on very little in a debate hosted by The Federalist Society on Trump's tariffs and trade policy.
CBP is accepting comments through June 23 on a request by a domestic party to reclassify certain cane sugar molasses and liquid sugar from Harmonized Tariff Schedule subheading 1703.10.30 to subheading 1702.90.10 or subheading 1702.90.20.
Although the number of entry summaries processed by CBP in March slightly rose compared with amounts in January and February this year and March 2024, the amount of identified estimated duties nearly doubled, according to releases from the agency.
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.
President Donald Trump thinks that by applying a 25% tariff to auto part imports, domestic parts companies will thrive. But 77% of the nearly 1,000 auto supplier companies that belong to MEMA are pessimistic about the next year for their businesses -- and 55% said that government trade policy is the No. 1 threat to financial health.
The Court of International Trade denied a motion from five importers to put an emergency block on President Donald Trump’s reciprocal tariffs, in an order issued late on April 22. CIT Judges Jane Restani, Gary Katzmann and Timothy Reif ruled the five importers haven’t shown that “immediate and irreparable harm” would result from not issuing a temporary restraining order while the court considers the importers’ request for a longer-lasting preliminary injunction.
Several trade groups representing shippers, the maritime industry and U.S. ports criticized the Office of the U.S. Trade Representative's Section 301 determination last week calling for a phased-in approach to levy fees on foreign-built vessels and car-carrying vessels docking at U.S. ports as part of a broader push to build and bolster an American shipbuilding industry (see 2504180018).
South Korea's Customs Service has discovered a sharp uptick in country of origin violations for goods headed to the U.S., it announced in an April 21 press release.