The former lawyer of the economic advisors, the interim president, Tomas Philipson, joins ‘The Bottom Line’ to discuss the recession of the market after President Donald Trump announced his reciprocal tariffs and more.
US Customs and Border Protection (CBP) is already collecting more than $ 200 million per day in additional income, since it applies a new massive wave of low rates President Donald Trump“Liberation Day” plan.
“CBP has successfully implemented 13 presidential actions related to the rate during this administration,” said a CBP spokesman in a statement to Fox Business. “By serving in the first line of the United States, CBP strictly enforces all laws and presidential directives to ensure our economic sovereignty.”
Using powers under the Commercial Expansion Law of 1962 and the International Law on Emergency Economic Powers (IEEPA), the Trump administration is aimed at goods from dozens of countries, including China.
On April 3, the United States imposed a 25% rate on all passenger and light trucks imported from any country, and on Saturday, 10% The global rate entered into force Under Ieepa, with certain exclusions, said CBP.
Trump’s China Rates face a legal challenge of the conservative group that call them “illegal”
President Donald Trump celebrates a table while offering comments on reciprocal tariffs during an event in the Rosas Garden entitled “Make America Wealthy Again” at the White House in Washington, DC, on April 2. (Brendan Smialwoski / AFP through Getty Images / Getty Images)
As of April 9, 86 countries will face new reciprocal tariffs that go from 11% to 50%, with some exclusions, and on May 2, China and Hong Kong products valued by or less than $ 800 and sent outside the international postal system will no longer be eligible for tax free treatment and will be subject to standard duties, according to CBP.
Meanwhile, China and Hong Kong’s postal shipments will face a duty of 30% or $ 25 per article, which is greater, as of May. That rate will increase to $ 50 per article after June 1.
Dem Senator seeks to kidnap Trump’s key budget with the rate challenge
The retired motorist Brian Pannebecker de Detroit speaks along with President Donald Trump on April 2 outside the White House in the Rosas Garden. (Brendan Smialwoski / AFP through Getty Images / Getty Images)
CBP says that it is working closely with other agencies to implement these changes and will maintain the updated commercial community through its online messaging system.
The agency has already achieved billions of Trump’s previous executive orders.
That includes $ 4.8 billion under EO 14195, to which it is directed Synthetic opioids from China; $ 861 million under EO 14193, aimed at stopping the drug flows of Canada; More than $ 2 billion under EO 14194, addressing commercial problems on the southern border; and $ 1 billion collected under the tasks of section 232 on steel and aluminum.
President Donald Trump speaks during a commercial event “Make America Rico again” in the Rosas Garden in the White House. (Andrew Harnik / Getty images / getty images)
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“CBP is in a unique position to implement and enforce the president’s rates,” said the CBP spokesman. “We are fully equipped and ready to collect tasks.”
Rate rates for specific goods can be found in the Harmonized tariff schedule.S.
