Law firm ArentFox noted that the regulations promulgated by CBP on USMCA regarding textiles will take effect March 18, and cover the certificate of eligibility, rather than certificate of origin for tariff preference level imports, so CBP can track how much of the TPL has been used. The regulations also authorize CBP to visit exporters or textile producers in Mexico and Canada to see if they meet rules of origin, or "to determine the customs offenses that are occurring or have occurred at the facility." These site visits can be unannounced, but government authorities in the home country will be notified.
In a Feb. 14 email alert to members, the National Customs Brokers & Forwarders Association of America warned that CBP has accepted some entries made by members even though those entries don't have proper duty calculations or new import duties on China that were mandated under President Donald Trump's executive order last week.
The EU chairman of the Committee for International Trade and a former U.S. trade representative predicted that the trade dispute between the U.S. and the EU is unlikely to subside soon due to "fundamental disagreements" over economic policy.
The fact that the White House reciprocal tariff memo covers far more than tariffs gives the administration a great deal of leeway to impose tariffs on even trading partners like Canada, Mexico and South Korea that have virtually no tariffs on U.S. exports.
The White House published the annex including the list of aluminum derivatives that will face additional 25% tariffs, unless the aluminum content in them was smelted and cast in the U.S.
The White House published its annex of steel derivative items that will be subject to Section 232 tariffs once CBP is ready to collect tariff revenue on those items.
The White House published the annex listing aluminum derivatives that will face additional Section 232 tariffs of 25%, as well as the annex with the steel derivatives that will face 25% tariffs.
Importers appear to be clamoring for more clarity over how CBP could potentially process imports of steel and aluminum derivatives in response to President Donald Trump’s executive orders earlier this week calling for 25% tariffs on steel and aluminum (see 2502110004).
The reciprocal tariffs that the U.S. intends to levy on imports -- which could be announced as soon as April 2 -- may not be a one-for-one match of the tariff rate of another country for that product. Rather, they could take into account wage suppression, exchange rate management, "mercantilist policies," non-tariff barriers, value-added tax and extraterritorial taxes.
Japan has asked the Trump administration to exempt it from new 25% tariffs on steel and aluminum imports, Japanese Minister of Economy, Trade and Industry Yoji Muto said during a Feb. 12 press conference.