CBP issued the following releases on commercial trade and related matters:
CBP is considering guidance that could provide additional information on the methodology to use when declaring a value for the aluminum or steel content for affected derivative products, according to an agency spokesperson.
A State Department notice declaring that all agency efforts to control international trade now constitute a "foreign affairs function" of the U.S. under the Administrative Procedure Act will ultimately be subject to the discretion of the courts, trade lawyers told us.
Customs brokers and importers are still grappling with how to comply with the Section 232 tariffs on steel and aluminum derivatives that went into effect just after midnight on March 12 (see 2503120054).
President Donald Trump said the U.S. will "shortly" respond to EU retaliatory tariffs on U.S. whiskey with a 200% tariff on EU alcoholic beverages, including wine and champagne, if the EU whiskey tariff -- set to take effect April 1 -- isn't removed.
As the dust settles on the Trump administration's expansion of Section 232 tariffs on steel and aluminum imports, industry and consumer advocacy groups responded with either glowing support or dour predictions of economic ruin.
The EU and Canada announced retaliatory tariffs against the U.S. this week, targeting billions of dollars' worth of American exports in response to what they said were unjustified global 25% steel and aluminum duties imposed by the Trump administration. Other nations also criticized the U.S. tariffs as they mulled countermeasures of their own.
The following lawsuits were filed at the Court of International Trade during the weeks of Feb. 10-16, Feb. 17-23, Feb. 24 - March 2 and March 3-9:
CBP issued the following releases on commercial trade and related matters:
Actions to slap an effective date of March 12 for Section 232 tariffs on steel and aluminum derivatives outside of Chapters 73 and 76 -- and to give the trade community less than three hours to get their systems in place so that they can comply with this new effective date -- sent brokers and importers into a tailspin.