CBP has released its June 25 Customs Bulletin (Vol. 59, No. 26), which includes the following ruling actions:
President Donald Trump and Treasury Secretary Scott Bessent, in different appearances on the same day, said that negotiations do not need to conclude by July 8 to avoid higher reciprocal tariff rates at 12:01 July 9.
Even though CBP has given some guidance on how to interpret the "in transit" reciprocal tariff exclusions, the trade is still grappling with how to proceed with the changes, according to a June 27 letter to DHS Secretary Kristi Noem and incoming CBP Commissioner Rodney Scott.
Two former general counsels from the Office of the U.S. Trade Representative disagreed sharply about the need for the current aggressive tariff hikes. But Jennifer Hillman, who is helping to write amicus briefs for members of Congress challenging the legality of International Emergency Economic Powers Act tariffs, and Steven Vaughn, who served in the first Trump administration, agree what would happen if the current administration loses the case.
President Donald Trump, on social media, said the U.S. is "hereby terminating ALL discussions on Trade with Canada, effective immediately" because its digital services tax is not being delayed. The first payments are due on July 1.
Special tariff treatment for U.K. automobiles, auto parts and goods falling under the Civil Aircraft Agreement will begin June 30, according to a notice released by the Commerce Department June 27.
President Donald Trump, on social media, said the U.S. is "hereby terminating ALL discussions on Trade with Canada, effective immediately" because its digital service tax is not being delayed. The first payments are due on July 1.
As companies seek to accommodate changes in U.S. tariffs, they should seek to understand the terms of their intercompany agreements and transfer pricing policies to avoid potential violations, according to an energy and infrastructure lawyer with Baker McKenzie.
Sen. Rick Scott, R-Fla., introduced the Drones for America Act, which would impose tariffs on Chinese drones and drone parts that escalate until drones with Chinese components are banned in 2028.
Rep. Ayanna Pressley, D-Mass., and 25 other House Democrats asked Treasury Secretary Scott Bessent to tell them by July 10 whether the administration is going to carve out baby products from tariffs on Chinese goods. In a letter publicized June 26, the members noted that Bessent said exempting baby products was under consideration on May 7, and that the president also said he would "take a look at it" in response to questions that day.