President Donald Trump on June 3 issued an executive order that would increase bonding and data requirements for importers of record, prohibit foreign importers from filing informal entries and restrict their ability to file formal entries, and require additional documentation and certifications from importers.
The U.S. Trade Representative said it found 54 of its 60 investigation targets have no forced labor import prohibition, and that the other six -- the EU, Canada, Ecuador, Indonesia, Mexico and Pakistan -- have failed to effectively enforce their bans on goods made with forced labor.
The U.S Trade Representative announced late June 1 that it's proposing a 25% Section 301 tariff "on all goods of Brazil," except those covered by Section 232 and an annex of more than 1,600 HTS categories from chapters 02, 05, 07-12, 14, 15,16, 18-22, 25-34, 36, 38-40, 44, 47, 48, 56, 68, 70-76, 79-81, 83-85, 88, 90, 91, 94, 96 and 98.
Agricultural equipment, mobile industrial equipment and machinery, and heating, ventilation and air conditioning equipment will all get breaks from Section 232 metals tariffs under a proclamation issued by President Donald Trump late on June 1. The tariff reductions take effect at 12:01 a.m. ET June 8.
The administration said that it will appeal the Court of International Trade's injunction to return all duties paid under the International Emergency Economic Powers Act law, as it says that such an order exceeds CIT's authority.
The U.S. will lower tariffs on Taiwanese auto parts and some wood items, as well as eliminate tariffs on aerospace goods that were subject to Section 232 tariffs, retroactive to May 1.
The U.S. Court of Appeals for the Federal Circuit granted the government’s request for an immediate stay of the Court of International Trade's recent judgment striking down Section 122 tariffs. The temporary stay, which applies both to the judgment and to the injunction CIT issued against collection of the tariffs from the three plaintiffs in the case, apply "until further notice while this court considers the motions for a stay pending appeal." The court gave the plaintiffs seven days to respond. The Federal Circuit also granted the government’s motion to consolidate the appeal.
The U.S. is appealing the Court of International Trade’s May 7 ruling that President Donald Trump unlawfully used Section 122 of the Trade Act of 1974 to impose a 10% global tariff, according to a pair of notices of appeal filed with the court this afternoon. The court issued a permanent injunction against the collection of the tariffs applicable only to Burlap and Barrel, Basic Fun and the state of Washington, who are the direct importers that filed suit against the tariffs. CIT said the injunction wouldn’t take effect for 5 days.
The Court of International Trade on May 7 found that President Donald Trump improperly used Section 122 of the Trade Act of 1974 to impose a 10% global tariff to address "balance-of-payments deficits." Judges Mark Barnett and Claire Kelly, part of a three-judge panel, issued a permanent injunction against the collection of the tariffs that applies only to Washington state and importers Burlap and Barrel and Basic Fun in their capacity as importers. The court concluded that Trump unlawfully used "trade and current account deficits to stand in the place of balance-of-payment deficits within the meaning of the statute." Judge Timothy Stanceu dissented from the ruling, disagreeing on the legislative history of the statute and how it was used by the Trump administration.
President Donald Trump on social media said the tariff on European Union cars will no longer be 15%, including a 2.5% Most Favored Nation rate, but 25%. He did not make it clear whether that's 25% in addition to the 2.5% MFN rate, or 25% all-in.