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.
Canadian Prime Minister Mark Carney said that Canada is dropping its retaliatory tariffs on American exports -- except for those in steel, aluminum and autos -- as long as those U.S. goods qualify for USMCA.
CBP has updated its e-commerce- and de minimis-related FAQs, according to an Aug. 22 cargo systems message. The FAQs discuss the recent executive order ending de minimis; define the difference between how postal shipments and non-postal shipments will be treated; clarify whether carriers or qualified parties can mix duty methodologies for international mail shipments; provide direction on where filers can find guidance on the payment of duty on international mail shipments; define CBP Form 5106 and describe the process for submitting the form; define how a qualified party can obtain a bond; and clarify which types of international mail are subject to duty, among other questions.
CBP on Aug. 21 updated its Frequently Asked Questions on the International Emergency Economic Powers Act to clarify how additional 25% tariffs on Brazilian goods and the 25% tariff on India for its Russian oil imports figure into unstacking provisions.
President Donald Trump said on social media: "I am pleased to announce that we are doing a major Tariff Investigation on Furniture coming into the United States. Within the next 50 days, that Investigation will be completed, and Furniture coming from other Countries into the United States will be Tariffed at a Rate yet to be determined."