Breaking Trade News: New Tariffs on South Korea, 232 Lawsuit, FMC Investigation
Here is a recap of the latest customs and international trade news:
Administration
- President Trump threatened, via Truth Social, that he is increasing South Korean tariffs from 15% to 25% because that country’s legislature has not approved the trade deal that was announced over the summer.
- President Trump threatened Canada with 100% tariffs if Canada “makes a deal with China.”
Customs and Border Protection (CBP)
- According to a new report from the Government Accountability Office (GAO), CBP did not fully follow through on addressing security incidents involving some participants in the agency’s Customs Trade Partnership Against Terrorism (CTPAT) program.
- CBP published a quick reference guide on submitting withhold release order and finding modification requests to the new forced labor portal.
- Upcoming CBP webinar: New World Screwworm (NWS) Impact to U.S. – February 3, 1:00 PM EST. Register here.
Court of International Trade
- Importer Express Fasteners filed a lawsuit challenging the application of informal CBP guidance on Section 232 steel and aluminum content valuation, claiming CBP failed to follow required “notice and comment” rulemaking procedures.
- The CIT ruled

