CBP released a notice outlining refund procedures to implement President Donald Trump’s April 29 executive order on tariff stacking. The notice says that, beginning May 16, importers may request refunds on entries on or after March 4 by way of a post-summary correction for unliquidated entries or a protest for entries that have been liquidated but where the protest period hasn’t expired.
House Ways and Means Chairman Jason Smith, R-Mo., said that once the tax bill passes -- which he is expecting to happen by July 4 -- his top priority will be turning to trade.
The U.K. should be wary of language in the recently announced trade framework with the U.S. (see 2505090006) that calls on Britain to comply with certain supply chain security requirements, which they said the U.S. could use to pressure the U.K. in its trading relationship with China, the U.K. Parliament heard from witnesses this week.
Thea Lee, head of the Bureau of International Labor Affairs during the Biden administration, complained that the tariff approach of the Trump administration ignores forced labor, and that the Department of Government Efficiency ended all the programs ILAB funded around the world. Those programs aimed to convince local societies to end child labor, to help foreign countries improve working conditions, and they funded research on the best ways to achieve these goals. The grants totaled more than $575 million, and some were scheduled to run through 2026, 2027 or 2028.
Given the fast-evolving trade dynamics in the U.S., some suppliers from China have been advising importers to take advantage of delivered duty paid terms -- which is bad advice and can get companies in trouble with CBP, customs consultant Tom Gould said during a May 13 webinar hosted by Revenue Vessel.
The Senate Finance Committee's top Democrat, Sen. Ron Wyden of Oregon, said he thinks Republicans in Congress will act to reverse some of the tariffs President Donald Trump has imposed -- if they hear enough outrage from Republican base voters.
Washington state punches above its weight in goods exports, and exported $57.8 billion worth of goods in 2024, including $40.7 billion in manufactured products. Some 45% of those manufactured exports are Boeing planes and aerospace parts.
A group of former U.S. trade representatives, spanning the presidencies of George H.W. Bush through Barack Obama, offered support for trade deals that expand market access for American producers, though they differed on how best to achieve this.
Rep. Rosa DeLauro, D-Conn., and Sen. Elizabeth Warren, D-Mass., are asking the Trump administration to share more information about their negotiations with countries after the president imposed emergency tariffs on every country.
A coalition of food producers, including the American Honey Producers Association, the Catfish Farmers of America, the Crawfish Processors Alliance, the Louisiana Farm Bureau Crawfish Committee, and the Southern Shrimp Alliance, sent a letter May 9 asking President Donald Trump to impose tariffs on "unfairly traded imports" of products similar to theirs.