President Donald Trump railed against the trade stance of the European Union, as he often has, as he talked about tariffs and trade deficits with reporters as he signed executive orders on the first day of his second term.
On his first day in office, the president directed the heads of agencies that deal with trade, tariff collection and trade remedies to:
Two Democrats on the Senate Finance Committee asked Commerce Secretary nominee Howard Lutnick and U.S. Trade Representative nominee Jamieson Greer to "commit to putting in place a transparent and objective process that protects America’s small businesses and workers" if they decide to grant exclusions to new tariffs imposed by Donald Trump.
The following lawsuits were recently filed at the Court of International Trade:
In a complaint filed Jan. 15, steel wire exporter Tree Island said CBP erroneously assessed Section 301 and Section 232 tariffs on 11 of its entries (Tree Island Industries v. United States, CIT # 25-00019).
The Office of the U.S. Trade Representative concluded that China's intervention in its shipbuilding and logistics sectors -- and its plans for dominance in shipbuilding -- unreasonably burden and restrict U.S. commerce.
No goods subject to special trade remedies would be able to enter de minimis -- which primarily affects goods subject to Section 301 tariffs -- under a proposed rule released by CBP Jan. 17.
No goods subject to special trade remedies -- 99.9% of which are subject to Section 301 tariffs -- would be able to enter as de minimis shipments under a proposed rule released by CBP Jan. 17.
The following are short summaries of recent CBP NY rulings issued by the agency's National Commodity Specialist Division in New York:
Reps. Suzan DelBene, D-Wash., and Don Beyer, D-Va., reintroduced a bill that would remove the possibility of a president using the International Economic Emergency Powers Act to impose quotas or tariffs. Most lawyers think Trump would use IEEPA for a global tariff. The statute is currently used to impose sanctions on parties in Iran, Belarus, Burma, Ethiopia and dozens of other countries.