President Donald Trump, on his social media account, said that he will drop high reciprocal tariffs that started today for 90 days. However, the 10% tariff imposed on nearly all trading partners will remain.
A Federal Maritime Commission administrative law judge has approved a confidential agreement to settle allegations by shipper Supply Source that Hong Kong-based carrier Orient Overseas Container Line Limited (OOCL) imposed unfair demurrage and detention charges, according to an FMC notice released April 1.
China opened a dispute at the World Trade Organization on April 8 on the U.S. reciprocal tariffs, claiming that the duties violate the General Agreement on Tariffs and Trade (GATT) 1994, the Agreement on Customs Valuation and the Agreement on Subsidies and Countervailing Measures. China's challenge covers the 34% additional tariff on Chinese imports that is set to take effect April 9, along with the 10% duty on imports from all trading partners, which took effect on April 5.
Federal Maritime Commission Chairman Louis Sola this week applauded the Panama Maritime Authority for recently removing from its registry more than 100 vessels sanctioned by the U.S. and other governments, saying the move is helping to pressure Iran and other nations operating so-called shadow fleets. He also said the FMC may investigate other registries that haven’t removed those ships.
The International Trade Commission published notices in the April 8 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 8 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 has released the preliminary results of its antidumping duty administrative review on superabsorbent polymers from South Korea (A-580-914). The agency preliminarily calculated a zero percent AD rate for LG Chem, Ltd., the only company under review. If the agency's finding is continued in the final results, importers of subject merchandise from LG Chem entered between June 7, 2022, and Nov. 30, 2023, won't be assessed AD, and no cash deposits would be required on merchandise from LG Chem beginning on the date the final results are published in the Federal Register.
The Commerce Department has released the preliminary results of a countervailing duty administrative review of softwood lumber products from Canada (C-122-858). This review covers subject merchandise from the exporters under review entered during the period Jan. 1, 2023, through Dec. 31, 2023.
The Commerce Department soon will suspend liquidation and impose antidumping duty cash deposit requirements on imports of corrosion-resistant steel products from Australia, Brazil, Canada, Mexico, the Netherlands, South Africa, Taiwan, Turkey, the United Arab Emirates and Vietnam, it said in a fact sheet issued April 4.
On April 7, the FDA posted new and revised versions of the following Import Alerts on the detention without physical examination of: