A past trade staffer from the Senate Finance Committee said that if Congress wanted to write tariffs into law in order to use that revenue as a partial pay-for in tax cut extensions, those tariffs would likely wait until January 2026, as that's when the tax laws would take effect.
The CEO of footwear company Steve Madden expects to reduce its imports from China and increase sourcing from other regions to hedge against proposed punitive tariffs on China by President-elect Donald Trump.
Uncertainties over labor negotiations affecting U.S. East Coast and Gulf Coast ports, plus concerns over tariffs proposed by President-elect Donald Trump (see 2411060037), could result in a higher volume of U.S. imports in the coming weeks, the National Retail Federation said Nov. 8.
The Commerce Department published notices in the Federal Register Nov. 8 on the following 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 has published the final results of the antidumping duty administrative review on certain mobile access equipment from China (A-570-139). These final results will be used to set final assessments of AD on the one review respondent importer for subject merchandise entered April 13, 2022, through March 31, 2023.
The Consumer Product Safety Commission announced the following voluntary recalls Nov. 7:
CBP issued an Enforce and Protect Act determination, finding VY Industries evaded antidumping duties by transshipping wire coated coil nails from China through India, according to a recent agency notice.
In less than three months, President Donald Trump will be back in the White House, after a campaign during which he floated 10% or 20% tariffs on all countries except China, which would be hit with an additional 60 percentage points on top of current tariffs.
The International Trade Commission published notices in the Nov. 7 Federal Register on the following 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 soon will set antidumping duty cash deposit requirements for imports of 2,4-dichlorophenoxyacetic acid (2,4-D) from China and India, it said in a fact sheet Nov. 7. The agency's preliminary determinations set AD rates ranging from 17.07% to 127.21% for Chinese companies (16.44% to 126.58% as adjusted for countervailing duties) and 3.91% to 13.23% for Indian companies (0.87% to 7.99% as adjusted for countervailing duties). Suspension of liquidation is already in effect for both countries for countervailing duty purposes (see 2409120031). AD suspension of liquidation and cash deposit requirements for these two countries will take effect for entries on or after the date of publication of the preliminary determinations in the Federal Register, which should occur in the coming days.