CBP has added more parties to the list of those qualified to pay duties on international mail shipments, according to an Aug. 26 cargo systems message. The full list is available here.
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.
Less than a week after European politicians said that the trade framework was establishing certainty for European businesses, President Donald Trump lobbed a bomb on social media, threatening "substantial additional tariffs" and export restrictions on chips.
Jewelers of America's and the International Diamond Manufacturers Association's leadership met with Peter Navarro last week to argue that diamonds shouldn't be subject to reciprocal import duties.
More international postal carriers have announced that they are temporarily suspending shipments to the U.S. that would've been eligible for the de minimis exception, according to multiple news sources (see 2508210036).
The U.S. Geological Survey is proposing to update its critical minerals list to include another six minerals.
Vice President JD Vance said that the U.S. is imposing secondary tariffs on India for buying Russian oil, and not China, because China already has high tariffs.
President Donald Trump, speaking after meeting Aug. 25 with South Korea's president, said he believes the two sides have cemented the trade deal he first announced last month. "I think we have a deal done. They had some problems with it, but we stuck to our guns," Trump said. "They're going to make the deal that they agreed to make." Trump added that it's a "very big trade deal" and the "biggest deal" South Korea has "ever made by far."
A White House official, speaking on background, clarified that the investigation the president posted about last week on social media, which he said would lead to tariffs on furniture (see 2508220054), is not a new investigation that would cover an array of furniture made out of plastic, metal or wood. Rather, wooden furniture tariffs would fall under the Section 232 investigation on lumber that began at the beginning of March (see 2503030039).
CBP has announced the Harmonized Tariff Schedule subheadings that will apply for goods imported from India that are subject to an additional 25% tariff beginning Aug. 27, according to an Aug. 25 cargo systems message and a Federal Register notice.