In an interview with Time magazine, President Donald Trump said he delayed the country-by-country reciprocal tariff rates in early April not because the bond market was panicking, but because he needed time to come up with rates that they deserve.
Labor advocacy group International Rights Advocates filed a lawsuit this week against Starbucks on behalf of eight individuals who were trafficked and forced to work on "Starbucks-controlled coffee plantations in Brazil." The complaint, brought in the U.S. District Court for the District of Columbia, seeks class certification for all trafficked laborers in Brazil and alleges that Starbucks knowingly benefitted from this slave labor, which took place on thousands of supplier plantations (John Doe I v. Starbucks Corporation, D.D.C. # 25-01261).
CBP issued the following releases on commercial trade and related matters:
A listing of recent Commerce Department antidumping and countervailing duty messages posted on CBP's website April 24, along with the case number(s) and CBP message number, is provided below. The messages are available by searching for the listed CBP message number at CBP's ADCVD Search page.
Former CBP Executive Director of Trade Relations George Bogden said April 25 that he had "fallen victim to character assassination," and that he was honored "to have played a role in advancing [President Donald Trump's] bold agenda on tariffs and trade."
CBP on April 24 quietly removed from its list of FAQs on the International Emergency Economic Powers Act tariffs a question about limits on informal entry.
Amid swirling reports that China is considering exemptions from tariffs on some critical U.S. goods, an industry expert said that these moves should not be read as a broader shift in the trade war between the two countries.
With so much uncertainty occurring with U.S. import regulations, companies should develop multiple strategies that address potentially different tariff outcomes, with some strategies being deployed in the short-term and others being deployed further down the road as the geopolitical situation becomes more clear, according to trade experts with professional services firm KPMG.
The International Trade Commission published notices in the April 24 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 24 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):