Brian Smith @refsmith
Customs / Logistics Professional, Dad, Husband, Sports Fan, Detroiter Detroit, MI Joined March 2009-
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And so it begins. How much USA content will be required for goods to qualify for USMCA?
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 reuters.com/business/autos…
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. 🔗 politico.eu/article/eu-str…
More in our story here reuters.com/business/aeros…
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
Certainly #Section122 decision will be appealed. Wonder if this will get to SCOTUS before 150 days expires, and if that makes the judgment moot?
🚨 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: bit.ly/4c1ncYG
Backup referee in Extra Time for a spot in the World Cup! #CODvsJAM
At what point will the Government of Canada declare the Ambassador Bridge too dangerous to drive on and condemn it?
Mexico approves 5 to 50% tariffs on Chinese goods #MacroEdge
This is awful, and yet I live it every day. #tariffhell
Look at this mess. Just look at it. ☹️
Huge news
BREAKING: The Supreme Court announces it will hear the cases over Trump's tariffs the week of Nov. 3. Briefing begins being due in 10 days.
Need that India letter drop for footprint decisions…
Trump releases a pair of new tariff threat letters — 30% for Mexico, up from 25% now (the fate of the USMCA exemption is unclear; for Canada, they are set to keep the carveout). And 30% for the EU, up from 20% initially and 10% currently, but below the 50% he once threatened.
Trump releases a pair of new tariff threat letters — 30% for Mexico, up from 25% now (the fate of the USMCA exemption is unclear; for Canada, they are set to keep the carveout). And 30% for the EU, up from 20% initially and 10% currently, but below the 50% he once threatened.
China tightens grip on rare earths supply chain …stralianresourcesandinvestment.com.au/2025/07/04/chi…
Virtually guarantees many of the subcomponents utilizing rare earths will continue to be manufactured in China as well
China to Block Its Rare-Earth Experts From Spilling Their Secrets—Beijing asks companies for lists of specialists to keep tabs on them @JonathanEmont wsj.com/world/china-to… wsj.com/world/china-to…
This has to go all the way to the Supreme Court, right? No way either side backs down
DOJ has already appealed the CIT's decision to the US Court of Appeals for the Federal Circuit.
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