News list for "US Customs"
On August 12th, Trump posted that "there will be no tariffs on gold!", but did not explain further. On July 31st, U.S. Customs and Border Protection informed a New York company that gold bars imported from Switzerland would be subject to Trump's so-called reciprocal tariffs on Switzerland, currently at 39%. Gold prices subsequently rose sharply. The Trump administration issued a statement last week saying that Trump would sign an executive order clarifying the level of tariffs on gold, but no ex...
The news that US Customs has determined that 1kg of gold bars will be subject to tariffs has pushed the New York gold futures premium above $125 an ounce, a rare level. Analysts say it may be an oolong, but if true, the pattern of gold delivery, inventories and arbitrage will face drastic changes. Click to view
On April 12, according to NBC Business Channel (CNBC), on the 11th local time, the US Customs and Border Protection issued an alert to inform users that its system for exempting freight tariffs was malfunctioning. According to the latest alert issued by the agency, the malfunction lasted for more than 10 hours and has now resumed operations. The affected shipments include all traded goods from countries that are now within the 90-day tariff suspension period implemented by the Trump administrati...
According to NBC Business Channel (CNBC), on the 11th local time, the US Customs and Border Protection issued an alert to inform users that its system used to exempt freight tariffs was malfunctioning. According to the latest alert issued by the agency, the malfunction lasted for more than 10 hours and has now resumed operations. The affected shipments include all traded goods from countries that are now within the 90-day tariff suspension period implemented by the Trump administration. (Jin Ten...
On April 12, according to CNBC, U.S. Customs reported that the system used to exempt shipments from tariffs has malfunctioned. The affected shipments include all traded goods from countries that are now within the 90-day tariff moratorium imposed by the Trump administration. U.S. Customs said it found that the entry code used by U.S. shippers to apply for duty-free shipments was unusable, and that "this issue is under review." For now, this means that the U.S. government is temporarily unable to...
On April 12, institutional analysts said that the failure of US customs may be much more than a software glitch. The so-called "glitch" rhetoric may be a strategic smoke bomb, the purpose is not to fix a faulty system, but to buy time during a period of major adjustment in global trade and capital flows that is at high risk. As Trump's tariff-heavy measures have sent shockwaves through global supply chains, the sudden "glitch" has led to the suspension of tariff data processing, which just happe...
Agency analysts said the customs glitch was likely to be much more than a software glitch. The so-called "glitch" rhetoric may have been a strategic smoke bomb designed to...
The US Customs and Border Protection has reaffirmed that country-specific tax rates will take effect at 12:01 am on April 9 (12:01 noon Beijing time on April 9).
The US Customs and Border Protection (CBP) is ramping up its seizure of Bitcoin ASIC miners, including MicroBT and Canaan devices. CBP last year seized Bitmain Antminer S21 and T21 miners on suspicion that they contained AI chips from restricted chipmaker Sophgo. The seizure is based on 19 USC 1595a (c) (2) (A) and involves unauthorized communications equipment and equipment not certified by the FCC.
On February 10, German Chancellor Scholz: (when asked if the European Union is ready to deal with the possible tariffs imposed by the United States) Yes. We can act within an hour.
