President Donald Trump told reporters that there are no concessions Mexico, Canada or China could make to avoid tariffs on Feb. 1, which he wants to use to punish them for trade deficits, fentanyl trafficking, and, in the case of Canada and Mexico, migration across their borders.
European Parliament members this week probed the EU’s new trade commissioner about how he’s handling President Donald Trump’s tariff threats, with some members calling on the EU to prepare for retaliation.
The International Trade Commission published notices in the Jan. 30 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 Jan. 30 on the following antidumping and countervailing (AD/CV) duty proceedings (any notices that announce changes to AD/CV duty rates, scope, affected firms or effective dates will be detailed in another ITT article):
The Commerce Department said it's rescinding the administrative review of the antidumping duty order on oil country tubular goods from China (A-570-943) for the period of review May 1, 2023, through April 30, 2024, because there were no reviewable, suspended entries of subject merchandise during the review period for the two companies for which the review had been requested. Copley International Group Co. Limited and Lixin Energy Group (HK) Co., Ltd. had requested the administrative review cover Petroleum Equipment (Thailand) Co., Ltd., and Thai Oil Pipe Co., Ltd. As a result, no cash deposit rates will change, and the current cash deposit requirements will remain in effect until further notice. Commerce will instruct CBP to assess AD on all appropriate entries, at rates equal to the cash deposit of estimated AD required at the time of entry, or withdrawal from warehouse, for consumption, it said.
A listing of recent Commerce Department antidumping and countervailing duty messages posted on CBP's website Jan. 28, 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.
President Donald Trump, in response to a question from a reporter at the White House, said 25% tariffs on Canada and Mexico are coming on Feb. 1, on Saturday.
Lack of coordination between the U.S. and the EU on trade policy will make it tougher to confront the economic threat posed by China, experts warned at a conference co-hosted by the Peterson Institute for International Economics.
The Commerce Department published notices in the Federal Register Jan. 29 on the following antidumping and countervailing (AD/CV) duty proceedings (any notices that announce changes to AD/CV duty rates, scope, affected firms or effective dates will be detailed in another ITT article):
Rep. Greg Murphy, R-N.C., reintroduced a bill to disallow the use of de minimis entry for packages that include goods subject to Section 301 tariffs. The bill passed the House Ways and Means Committee in 2024 (see 2404180068). Murphy said in a Jan. 28 news release that two-thirds of de minimis imports are from China. "By updating our De Minimis law, we are creating a fairer playing field for American businesses to compete and ending abuse by Chinese companies," he said.