Hundreds of Section 232 inclusion requests for metal derivatives cover more than $310 billion in annual imports, and imposing 50% tariffs on part of the value of "such a wide array of items, particularly where many products do not meaningfully contain steel or aluminum, risks disrupting sectors far removed from the primary industries targeted by the original Section 232 actions," argued trade groups asking Commerce to slow down before making decisions.
CBP has updated its June 20 guidance on Section 232 additional steel derivative products (see 2506200066) to list the correct number for preexisting Harmonized Tariff Schedule of the U.S. subheading 9903.81.98, according to a June 24 cargo systems message. The change corrects the Chapter 99 HTS number for some steel or iron derivative imports coming from the U.K. No changes were made to the attachment that was part of the CSMS message, according to CBP.
CBP created Harmonized System Update 2523 on June 22, containing 21 Automated Broker Interface records and eight Harmonized Tariff Schedule records. HSU 2523 includes Section 232 Additional Derivative Steel adjustments that went into effect June 23 (see 2506200066).
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.
CBP issued guidance on additional derivative steel products that will be subject to Section 232 duties starting June 23.
The following lawsuits were filed at the Court of International Trade during the week of June 9-15:
Vietnam and the Philippines are the Southeast Asian countries closest to a trade deal with the U.S., said a former assistant U.S. trade representative on a webinar hosted by the Asia Program of the Carnegie Endowment for International Peace on June 17.
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.
President Donald Trump, speaking to reporters as he flew back a day early from the Group of 7 summit in Canada, called both Japan and the EU tough negotiators, but said there's a chance that a deal can be arrived at with Japan.
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.