At a reception for lawmakers, President Donald Trump complained that Ozempic costs almost $1,300 in the U.S., and only $88 in England, and that countries with price controls on prescription drugs must change their policies.
The U.S. Court of Appeals for the D.C. Circuit on July 22 dismissed a lawsuit from eight Malian citizens against seven U.S. cocoa importers, which was filed under the Trafficking Victims Protection Reauthorization Act (TVPRA), for lack of standing. Judges Sri Srinivasan, Patricia Millett and Justin Walker held that the Malian citizens, who attempted to certify a class, failed to clearly allege facts showing the "causal connection between" the importers' "alleged supply chain venture" and the laborers' forced child labor (Issouf Coubaly v. Cargill, D.C. Cir. # 22-7104).
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 July 22, 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.
CBP recently determined that "there is substantial evidence" that Ribest Ribbons & Bows and TriMar Ribbon evaded antidumping duty and countervailing duty orders when importing Chinese-origin ribbons via transshipment through India.
Lawmakers expressed concerns this week that the Federal Maritime Commission may not have enough resources to continue reforming ocean shipping regulations and enforcing existing shipping laws, particularly after a host of employees resigned from the agency this year.
Two of the lead negotiators in the Cabinet -- Commerce Secretary Howard Lutnick and Treasury Secretary Scott Bessent -- avoided directly answering an interviewer's question about whether 15% is the lowest reciprocal tariff rate trading partners like Taiwan, the EU and South Korea can receive.
President Donald Trump reached a deal with Japan, which reduces 25% tariffs on cars to 15% -- including the 2.5% MFN rate -- with no quota on imports, according to a poster shared by a White House official on X, and a clarification about the details of the car arrangement from Japan's prime minister.
The White House says that imports from Japan will be subject to a baseline 15% tariff rate, in a fact sheet published July 23, the day after the president heralded the deal on Truth Social.
The International Trade Commission published notices in the July 22 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):