The Commerce Department has published the preliminary results of its antidumping duty administrative review on stainless steel plate in coils from Belgium (A-423-808). The agency preliminarily calculated a zero percent AD rate for the only company under review, Aperam Stainless Belgium NV. If the agency's finding is continued in the final results, importers of subject merchandise from Aperam entered May 1, 2023, through April 30, 2024, won't be assessed AD. Any changes to rates for Aperam would take effect on the date of publication in the Federal Register of the final results of this review, due in October.
The Commerce Department has released the final results of the antidumping duty administrative review on stainless steel flanges from India (A-533-877). These final results will be used to set final assessments of AD duties on importers for subject merchandise from 13 companies under review entered Oct. 1, 2022, through Sept. 30, 2023.
The nonpartisan Congressional Budget Office estimates that there would be $2.5 trillion collected in tariffs -- after accounting for consumer changes -- from 2025 to 2035 if the global 10% reciprocal tariff remained, de minimis was still curtailed, and tariffs on most Chinese products and on some Mexican and Canadian products, as well as 25% tariffs on the auto sector, steel and aluminum, continue during that period. (The estimate was prepared before the president doubled the tariffs on steel and aluminum.)
CBP created Harmonized System Update 2521 on June 4, containing 73 Automated Broker Interface records and 35 Harmonized Tariff Schedule records. HSU 2521 includes Section 232 Aluminum and Steel tariff adjustments effective June 4.
CBP issued a pair of CSMS messages late June 3 clarifying the changes to the steel and aluminum tariffs.
Given an increase in Section 232 tariffs on steel and aluminum (see 2506030071), it may be less costly for importers to no longer take advantage of an exemption from tariffs on autos and auto parts for USMCA goods, according to a tariff expert at supply chain logistics platform Flexport.
Two Republican senators on the Appropriations Committee whose states have major foreign automakers' factories asked Commerce Secretary Howard Lutnick if the administration would support an export credit for major auto exporters. Sen. Katie Britt, R-Ala., referred to the fact that about two-thirds of the Mercedes vehicles assembled in Alabama are exported, and asked if an export credit is still under discussion.
CBP listed new Harmonized Tariff Schedule subheadings as subject to now 50% Section 232 tariffs on steel and aluminum derivatives, in attachments to its CSMS messages issued late June 3 offering guidance on the tariff increase.
Widespread problems with transmitting foreign-trade zone entries are one of several technical problems that plague customs brokers and compliance managers as the effects of the Trump administration's rapid policy changes make themselves felt. Compounding the difficulties is the administration's decision to pull back from engagement with the trade industry through its Trade Support Network and the cancellation of bi-weekly ACE calls.
The International Trade Commission published notices in the June 3 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):