The Commerce Department has published the final results of the antidumping duty administrative review on steel concrete reinforcing bar from Turkey (A-489-829). These final results will be used to set final assessments of AD on importers for subject merchandise entered July 1, 2022, through June 30, 2023.
The Commerce Department has published the final results of its antidumping and countervailing duty administrative reviews on hardwood plywood products from China (A-570-051/C-570-052). These final results will be used to set final assessments of AD/CVD on importers for subject merchandise entered Sept. 26, 2021, through Dec. 31, 2022.
On May 16, the FDA posted new and revised versions of the following Import Alerts (after not having posted new ones for a number of days) on the detention without physical examination of:
Treasury Secretary Scott Bessent said on CNN's "State of the Union with Jake Tapper" on May 18 that among almost 20 countries with which administration officials have begun trade negotiations, "with a few exceptions, the countries are coming with very good proposals for us."
Imposing tariffs on the European Union at the same time you're insisting that the continent spend more on its own defense undermines that request, Sen. Jeanne Shaheen, D-N.H., and two Democratic colleagues told the president in a letter last week. That's because even a 10% tariff on EU exports will stifle its economy, they argued.
President Donald Trump reacted to a Walmart earnings call that warned prices will go up as a result of recent tariffs, saying on social media: "Walmart should STOP trying to blame Tariffs as the reason for raising prices throughout the chain. Walmart made BILLIONS OF DOLLARS last year, far more than expected. Between Walmart and China they should, as is said, 'EAT THE TARIFFS,' and not charge valued customers ANYTHING. I’ll be watching, and so will your customers!!!"
Vice President JD Vance, meeting with the European Commission President Ursula von der Leyen, said that "of course, we have some disagreements on things like trade," but that he hopes their conversation "will be the beginning of some long-term trade negotiations and some long-term trade advantages between both Europe and the United States."
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 May 16, 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.
The Commerce Department estimates that automakers will be able to save about $10 billion annually in tariffs on USMCA-qualifying cars, trucks and minivans imported from Canada or Mexico by submitting documentation to the International Trade Commission about the U.S. content in those vehicles. However, that estimate assumes that 25% tariffs on imported cars do not change the buying patterns of U.S. consumers, nor the production choices of automakers.