USTR Jamieson Greer said Friday that first round of USMCA talks next week in Mexico City will focus on strengthening regional rules of origin and economic security provisions.
by @davidshepardson & @davelawder
https://t.co/V0gUaCxtRU
Really interested to actually see the agreement text. Maybe requires deeper dive into Tier-N supply chains to “ferret out” derivative metals the USA seems to want to block from incorporation in intermediate components
After more than five hours of talks, EU negotiators have agreed to implement a trade deal with the U.S.
The move will likely avert Donald Trump’s threat to punish further delay with oppressive tariffs.
🔗 https://t.co/DXjVdIDC9b
Both sides will jointly study and resolve each other's reasonable and lawful concerns. The Chinese government imposes export controls on rare earths and other critical minerals in accordance with laws and regulations, and reviews applications for compliant, civilian licenses 2/2
China's reaffirms legitimacy of rare earth export controls in response to White House statement saying Beijing had agreed to address US concerns about them.
"The China-US economic and trade teams have conducted thorough communication and exchanges on export control issues" 1/2
🚨 The U.S. Court of International Trade struck down President Trump’s 10% global tariff on imported goods, holding he exceeded his authority under Section 122 of the Trade Act.
IEEPA Tariff Refund Status Update:
Here is a graphic representing the current status of IEEPA tariff refunds as of April 26. About 75,000 refund requests have been submitted, with 47,000 of those passing the first round of validation.
Within these 47,000 declarations there were over 13 million import entries included. Each declaration can include up to 9,999 different import entries that can be refunded. The second validation round saw just over 11 million import entries pass (unknown how many of the 47,000 declarations).
Out of the 11 million accepted entries, 1.74 million are now in the refund process and will take approximately 60 to 90 days to be refunded to importers.
Notably, there is a substantial number of declarations that will have to be redone but the validation process seems to be going fast for now.
In honor of tomorrow's Liberation Day anniversary, I worked with Claude to draft a pretend book about the insane-but-totally-real things that happened over the last year of US "emergency" tariff chaos. Here's the first cut:
The declaration includes information regarding what types of entries will be accepted during CAPE Phase 1, as well as the current status of completion for the four CAPE components.
Read more in our full update here: https://t.co/U9t7Oa1gRo