An entry of gold jewelry from Oman qualifies for duty-free treatment under the U.S.-Oman Free Trade Agreement Implementation Act, importer Empire Jewelry argued in a July 28 complaint to the Court of International Trade. The importer noted that CBP doesn't disagree as to the Harmonized Tariff Schedule subheading that applies to the case, subheading 7113.19.5090, but rather whether the jewelry originates in Oman under the terms of the FTA (Empire Jewelry v. United States, CIT # 24-00127).
CBP issued the following releases on commercial trade and related matters:
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The European Union, in a fact sheet released July 29, said that tariffs on EU exports to the U.S. will change from 10% plus the most-favored nation tariff to 15%, except for goods that have an MFN rate higher than 15%, and for aircraft and aircraft parts, certain generic drugs and natural resources. In the case of those exceptions, the standard MFN rates apply.
Treasury Secretary Scott Bessent told reporters in Stockholm, Sweden, that the Chinese delegation spoke too early when they said the two sides agreed to another 90 days at current tariff levels, because the president is the one to decide. However, in a later interview with CNBC, Bessent said the meetings had been "highly satisfactory."
Although deals have not been announced with South Korea, Mexico or Canada -- some of the biggest trading partners for the U.S. -- U.S. Trade Representative Jamieson Greer told CNBC that, "we don't feel any pressure to have deals" ahead of Aug. 1, when tariffs are slated to go up on all countries that have goods trade deficits with the U.S."
Rep. Haley Stevens, D-Mich., introduced a bill last week that would grant the U.S. trade representative the authority to extend existing 100% tariffs on Chinese electric vehicles to autos produced by Chinese firms, no matter where they were assembled.
At a press conference in Scotland, President Donald Trump told local reporters that adjustments to the 25% tariff charged on British steel and aluminum would be known "pretty soon."
The Court of International Trade on July 28 denied importer Detroit Axle's motion for a preliminary injunction against President Donald Trump's decision to end the de minimis threshold on goods from China, which was made under the International Emergency Economic Powers Act. Judges Gary Katzmann, Timothy Reif and Jane Restani said they already have granted all the relief the importer is seeking, though the U.S. Court of Appeals for the Federal Circuit stayed that relief.
CBP created Harmonized System Update 2528 on July 25, containing 10 Automated Broker Interface records and two Harmonized Tariff Schedule records. In support of the PGA Message Set, the USDA APHIS tariff flag AQ1 has been removed from HTS 2827.39.90.10 and 2827.39.90.50.