The Association of Southeast Asian Nations expressed concern over U.S. tariff policy but said it wants to pursue diplomacy and not "impose any retaliatory measures."
The EU announced on April 10 that it has placed its planned counter-tariffs on hold for 90 days following President Donald Trump's April 9 decision to withdraw his reciprocal tariffs on most countries (see 2504090069).
The International Trade Commission published notices in the April 10 Federal Register on the following antidumping and countervailing duty (AD/CVD) injury, Section 337 patent or other trade proceedings (any notices that warrant a more detailed summary will be in another ITT article):
The Commerce Department published notices in the Federal Register April 10 on the following antidumping and countervailing duty (AD/CVD) proceedings (any notices that announce changes to AD/CVD rates, scope, affected firms or effective dates will be detailed in another ITT article):
The Commerce Department made preliminary affirmative antidumping duty determinations that imports of corrosion-resistant steel products from a number of countries are being sold in the U.S. at less than fair value. The countries covered by the determination are Australia (A-602-812), Brazil (A-351-862), Canada (A-122-871), Mexico (A-201-863), the Netherlands (A-421-818), South Africa (A-791-829), Taiwan (A-583-878), Turkey (A-489-855), the United Arab Emirates (A-520-811) and Vietnam (A-552-843). AD suspension of liquidation and cash deposit requirements take effect April 10.
On April 9, the FDA posted new and revised versions of the following Import Alerts on the detention without physical examination of:
The Foreign-Trade Zones Board issued the following notices April 10:
House Democrats, left and center, introduced a bill that would roll back all the tariffs imposed under the International Emergency Economic Powers Act -- 10% global tariffs and those on Canada and Mexico -- and would require that most tariffs, quotas, tariff rate quotas or concessions receive approval from Congress before going into effect.
Reps. Gregory Meeks, D-N.Y., Josh Gottheimer, D-N.J., Jeff Hurd, R-Colo., and Don Bacon, R-Neb., have introduced a bill that would require congressional approval for certain future tariff actions, matching legislation introduced by senators last week (see 2504030018).
The Trump administration's decision to pause most reciprocal tariffs on April 9 was a "well-planned move" and not a reaction to the bond market, National Economic Council director Kevin Hassett said in an interview with CNBC April 10.