CHANDLER, Ariz. -- Should the de minimis exemption eventually disappear for low-value shipments, the business-to-business-to-consumer model could rise as a result, according to panelists at the National Customs Brokers & Forwarders Association of America annual conference.
The most unwavering defenders of President Donald Trump's "reciprocal tariffs" policy -- including House Ways and Means Committee Chairman Jason Smith, R-Mo. -- were a bit undercut during a four-hour hearing on the president's trade agenda, because Trump reacted to Treasury market volatility and backed down.
China’s State Council this week released a white paper on economic and trade relations with the U.S., criticizing the U.S. government’s imposition of tariffs and export controls and saying that the two sides should strive toward “mutually beneficial cooperation.” The white paper seeks to “clarify the facts about China-US economic and trade relations and illustrate China's policy stance on relevant issues,” it says, according to an unofficial translation.
EU member states this week voted in favor of the European Commission's proposal to impose counter-tariffs in response to recent U.S. tariffs on steel and aluminum.
China raised the tariff rate on U.S.-origin goods, from 34% to 84%, in response to President Donald Trump's April 8 executive order raising reciprocal rates by 50% (see 2504080079), the Office of the Tariff Commission of the State Council announced April 9. The new tariffs will take effect at 12:01 a.m. April 10, the commission said, according to an unofficial translation.
President Donald Trump said April 9 that he’s hiking tariffs on Chinese imports to 125% "effective immediately."
CHANDLER, Ariz. -- The Fish and Wildlife Service hopes to make ACE filing of FWS-regulated entries mandatory “by the end of the year,” Jeff Moore of the agency’s Nogales, Arizona, office said at the National Customs Brokers & Forwarders Association of America's annual conference April 8.
The Commerce Department published notices in the Federal Register April 9 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 is beginning an antidumping investigation on polypropylene corrugated boxes from China and Vietnam, and a countervailing duty investigation of the same goods from China, it said in a fact sheet April 8. The underlying petition was filed in March (see 2503190012). The International Trade Commission is scheduled to make its preliminary injury determinations by May 2. These AD/CVD investigations will continue only if the ITC finds injury. International Trade Today will provide more details upon publication of the initiation notices in the Federal Register.
On April 8, the FDA posted new and revised versions of the following Import Alerts on the detention without physical examination of: