Decoupling between the U.S. and China in the most technologically advanced products is real, economists said at an Oct. 21 Peterson Institute for International Economics event, but trade overall between the two countries continues to grow, if more slowly than trade with other partners.
CBP seeks comments by Dec. 23 on upcoming data requirements for filings regarding seafood and diamonds required by a ban on imports of these products from Russia. Submitted comments will be included with CBP’s request for approval of the information collection that it will soon send to the Office of Management and Budget.
Rep. Elise Stefanik, R-N.Y., the lead sponsor of a bill to impose a 30% tariffs on Chinese drones, with a 5% escalation annually, as well as a bill banning Da-Jiang Innovations-made drones on U.S. communications infrastructure, reacted to the news that CBP is detaining DJI drones under suspicion they are made with Uyghur forced labor.
A group of parents and other family members of those who overdosed on fentanyl are asking the Office of the U.S. Trade Representative to double the 25% Section 301 tariffs on lists 1 and 2 under the existing Section 301 action, combined with no de minimis eligibility for all Chinese goods.
Treasury Secretary Janet Yellen, without naming Trump, criticized his economic approach, saying a broad-based tariff would be like a sales tax.
The Agricultural Marketing Service will remove flags from about 1,700 Harmonized Tariff Schedule codes in ACE that had previously indicated potential organic filing requirements, CBP said in a CSMS message Oct. 17. The USDA agency’s AM7 flag, which indicates tariff codes that may be subject to AMS organic program filing requirements, will no longer be associated with the HTS codes in Chapters 53-94 of the tariff schedule.
Officials from Squire Patton Boggs said that if Donald Trump returns to the presidency, a 10% tariff or higher on a vast swath of imports could come very quickly, but what wouldn't be subject to the tariffs is not yet clear.
Donald Trump, in a lengthy interview with Bloomberg's editor-in-chief, tripled down on his tariff policy, calling the word tariff "the most beautiful word in the dictionary," and saying that his plan of a 10% tariff on all non-Chinese imports is not nearly enough to reverse factory closures.
The Court of International Trade on Oct. 15 limited the scope of the testimony that will be offered by two of the government's witnesses in a customs spat on the classification of The Comfy, a wearable blanket imported by Cozy Comfort Co. Judge Stephen Vaden said fashion industry professional Patricia Concannon can testify only on topics related to the "sale, marketing, and merchandising of apparel," and that CBP national import specialist Renee Orsat "may not testify about opinions she formed during the Customs’ classification process."
President Donald Trump will be receptive to Sen. Bill Cassidy's proposal to impose a carbon border tax, predicted Dave Banks, a former energy and environment expert in the National Economic Council and National Security Council during the first Trump term.