As reciprocal tariffs against imports from China and Hong Kong fall from 125% to 10% for 90 days as the U.S. and China seek to hash out a trade deal (see 2505120006), so are Southern California port volumes and trans-Pacific freight rates reflected the volatility seen in the trade space.
The Department of Energy is withdrawing energy conservation standard amendments that went into effect on Jan. 21, citing a law signed by President Donald Trump on May 9 calling for the withdrawal of the changes.
The Department of Energy is once again delaying the effective date of a recently published final rule amending the test procedures for central air conditioners and heat pumps, it said in a Federal Register notice. The effective date is now July 7.
The International Trade Commission published notices in the May 19 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 May 19 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 began administrative reviews for certain firms subject to antidumping and countervailing duty orders with April anniversary dates. Producers and exporters subject to any of these administrative reviews on China or Vietnam must submit their separate rate certifications or applications by June 3 to avoid being assigned high China-wide or Vietnam-wide rates.
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."