The head of the trade committee in the EU parliament said one of the sticking points in the negotiations with the U.S. is whether 50% tariffs on steel and 25% tariffs on cars and car parts continue to be collected as the two parties move from an agreement in principle to a detailed agreement.
A spokesman for the European Commission said the EU is not viewing the new Aug. 1 effective date of higher country-specific reciprocal tariffs as a sign they have more weeks to reach an agreement with the U.S. on tariffs. "Our aim remains to find an agreement before the ninth of July," Olof Gill told reporters in Brussels on July 7.
The following lawsuits were filed at the Court of International Trade during the week of June 23-29:
The following lawsuits were filed at the Court of International Trade during the week of June 9-15:
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.
The additional in-quota Section 232 tariff rate for British cars will be 7.5% under a deal recently concluded with the U.K., so that the combined most-favored nation and 232 tariff will be 10% as long as imports are under the 100,000 annual tariff rate quota amount, beginning seven days after the June 16 executive order is published in the Federal Register.
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.
In attachments to a pair of recent CSMS messages (see 2506040053), CBP listed the following new tariff schedule subheadings as subject to 50% Section 232 steel and aluminum tariffs, even though these tariff subheadings aren’t found in the list of subheadings subject to the 50% tariffs in the Harmonized Tariff Schedule:
CBP issued a pair of CSMS messages late June 3 clarifying the changes to the steel and aluminum tariffs.
Given an increase in Section 232 tariffs on steel and aluminum (see 2506030071), it may be less costly for importers to no longer take advantage of an exemption from tariffs on autos and auto parts for USMCA goods, according to a tariff expert at supply chain logistics platform Flexport.