Here is a recap of the latest customs and international trade news:
Administration
- President Trump announced that the trade deal with China is done, subject to final approval by him and President Xi. In the announcement, the President noted that the China tariff rate would be adjusted to 55%.
- The U.S. Court of Appeals for the Federal Circuit stayed the Court of International Trade’s permanent injunction on President Trump’s executive orders implementing tariffs under IEEPA. The case will now be heard by the full bench of active judges in an en banc session on July 31, 2025.
- Treasury Secretary Scott Bessent said that Trump is “likely” to push back the July deadline for reciprocal tariffs.
Industry News:
- The May Consumer Price Index showed steady inflation and cost of goods, despite economists’ forecasts of increases due to tariffs and trade volatility.
- India Prime Minister Modi and Industry Minister Goyal said that the U.S. and India are on track to sign a trade deal very soon.
Customs and Border Protection (CBP)
- CBP updated its recent guidance on Section 232 tariffs to remove tariff schedule numbers that had been erroneously included as subject to steel and aluminum tariffs.
- CBP’s Office of Trade’s National Commodity Specialist Division (NCSD) announced several July webinars as a part of the 2025 NCSD webinar series.
- The number of continuous import bond insufficiency notices sent by CBP increased sharply due to tariffs.
- CBP announced that ACE will allow for a single product entry summary line to include as many as 32 tariffs starting on June 14.
Bureau of Industry and Security (BIS)
- BIS announced in a Federal Register notice that the agency will include new steel derivatives involving household appliances under the Section 232 50% tariffs, effective June 23.
U.S. Department of Treasury
- Treasury released its 2025 Foreign Exchange Report, in which the department warned that unfair currency practices could be met with tariffs.
Court of International Trade (CIT)
- An importer filed a complaint at the Court of International Trade on June 6, arguing that its electronic components are of Taiwanese origin, not Chinese origin, and are thus exempt from Section 301 duties.
Department of Justice (DOJ)
- The founder of a cryptocurrency payment company was charged with evading sanctions and export controls.
- A Chinese national pleaded guilty to acting at the direction of North Korea to export firearms, ammo, and technology to North Korea.
United States Trade Representative (USTR)
- USTR is proposing to revise its upcoming Section 301 actions on the maritime, logistics, and shipbuilding sectors, including fees for vehicle carriers and restrictions on maritime transport services. Comments on the changes are due by July 7.
Federal Maritime Commission (FMC)
- The FMC ordered a Chinese ocean carrier to pay a California-based motor carrier $32,495 in reparations for imposing unfair detention fees.
U.S. Department of Agriculture (USDA)
- The USDA’s Animal and Plant Health Inspection Service (APHIS) said it will soon announce that paper Lacey declarations and the “mail-in” option for paper forms will end this year. At that time, only electronic submissions will be allowed.
Congress
- Several members of the House Select Committee on China reintroduced a bill to increase tariffs on Chinese drones and use the funds to help police departments, utilities, and farmers replace Chinese drones with domestic or allied-built aircraft.
- House Rep. Moskowitz introduced the Supporting American Allies Act, which would exempt articles imported from Israel or Ukraine from the Trump administration’s “reciprocal” import tariffs.
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