Trump administration unveils strategy to isolate China through tariff negotiations
“‘The administration is leveraging America's market access to reshape global trade flows away from China,’ said a senior Treasury official speaking on condition of anonymity. ‘Countries now face a clear choice between preferential access to U.S. markets or maintaining business as usual with Beijing.’”
[ONC News]
Trump gave automakers a tariff break. It’s causing more confusion.
“‘The carve-out for U.S. content was a bright spot in the [tariff] order,’ said Mark Tallo, an attorney with Sandler, Travis & Rosenberg, who is advising vehicle manufacturers on compliance with the new tariff. But he added ‘the particular rules as to how this will be implemented are unknown.’”
[The Wall Street Journal]
South Korea finds 'Made in Korea' breaches intended to bypass U.S. tariffs
“The Korea Customs Service has launched a special task force to prevent attempts to illegally export such goods and plans to come up with more specific response measures to protect domestic companies. Meanwhile, the violations discovered will be referred to prosecutors.”
[Reuters]
Vietnam clamps down on fraud on U.S. exports
“Under the directive, officials at the trade ministry, customs and other agencies have been told to strengthen supervision and inspection of imported goods to establish their origin, ‘especially imported raw materials used for production and export.’”
[Reuters]
DHL to suspend global shipments of more than $800 to U.S. due to new customs rules
“The announcement follows a change in U.S. customs regulations governing which items need to be formally declared upon entering the country. An updated policy, effective April 5, lowered the threshold from $2,500 to $800 for shipments to require formal declaration.”
[The Hill]
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