President Donald Trump posted over the weekend that he's prepared to levy new sanctions against Moscow if U.S. allies stop purchasing Russian oil and potentially put in place other sanctions against the country.
In the Sept. 10 Customs Bulletin (Vol. 59, No. 37), CBP published proposals to modify and revoke ruling letters concerning the tariff classifications of certain decorative storage baskets and fresh and frozen pork jowls.
The Commercial Customs Operations Advisory Committee is urging CBP to provide dates when posting information on the implementation of tariff and other trade-related policies, according to a list of recommendations that the committee provided to CBP ahead of the Sept. 17 quarterly meeting.
Tariff cuts for Japanese automobiles and auto parts and civil aircraft will take effect Sept. 16, according to a notice released by the Commerce Department.
Footwear Distributors and Retailers of America CEO Matt Priest said shoe importers expect to pay $5 billion in tariffs this year, up from $3 billion last year, given the additional 30% tariffs on Chinese shoes, 20% on Vietnamese shoes, and 19% on Indonesian shoes. Last month, shoe importers owed $635 million in tariffs, up 108% from the month before.
Tariff cuts for Japanese automobiles and auto parts will take effect Sept. 16, according to a notice released by the Commerce Department.
The Bureau of Industry and Security is again accepting requests for new products to be included under Section 232 tariffs on steel and aluminum derivatives, it said in a notice released late on Sept. 15. Inclusion requests will be accepted through Sept. 29, after which the agency will post the inclusion requests it receives for comment and begin a 60-day process to consider whether to grant the inclusions.
Commerce Secretary Howard Lutnick said, "We’ve got a big deal coming with Taiwan," during a CNBC interview Sept. 11.
U.S. imports are likely to continue to fall in the remaining months of 2025 as waning consumer confidence is putting pressure on import demand, according to multiple sources.
Former U.S. trade representative Michael Froman said the standards set by the World Trade Organization have been under stress for 15 years, and that its principles of global non-discrimination, bound tariff levels and restrictions on what can count as a bilateral or regional trade deal are dead for good.