Debt Rattle July 31 2025
- This topic has 50 replies, 17 voices, and was last updated 1 month, 2 weeks ago by
.
-
Posts
-
Russia OBLITERATES Single Target in Ukraine Overnight
A series of strikes on the Starokostyantyniv airbase in the Khmelnytskyi region shown in the red circle above.
Apparently, something hugely important, got destroyed. Eyewitnesses report a massive detonation — something big got vaporized. This isn’t just another drone or missile hit… it looks strategic.
Speculation right now is that it may have been the German-Ukraine long-range missile project, designed to manufacture long-range missiles for strikes deep into Russia. https://halturnerradioshow.com/index.php/news-selections/world-news/russia-obliterates-single-target-in-ukraine-overnightUS, UK In Secret Talks With Ukrainian Officials To ‘Replace Zelensky’: Russian Intelligence Claims https://www.zerohedge.com/geopolitical/us-uk-secret-talks-ukrainian-officials-replace-zelensky-russian-intelligence-claims
Andrew Korybko, Western Pressure On India Over Russia Already Backfired Even If It Partially Complies
It’s reshaping Indian policymakers’ views of the West and breeding resentment of their governments among its society.
India’s former Permanent Representative to the UN Syed Akbaruddin recently published an informative opinion piece at NDTV titled “Tariff Blitz: Is India Becoming Collateral Damage In Someone Else’s War?” The gist is that the West, via Trump’s threatened 100% sanctions on Russia’s trading partners upon the expiry of his deadline to Putin for a ceasefire in Ukraine and the EU via its new sanctions barring the import of processed Russian oil products from third countries, is putting undue pressure on India…
..To be clear, India’s envisaged Great Power rise doesn’t pose a systemic challenge to the West like China’s superpower trajectory does, nor is it “disruptive” like the restoration of Russia’s Great Power status has been. India consistently sought to facilitate the global systemic transition to multipolarity by serving as a bridge between East and West, which complements the West’s objective interests, albeit while undermining its subjective hegemonic ones that are responsible for many of the Global South’s troubles.
Trying to subordinate India and then treating it as a rival when it doesn’t submit could therefore further destabilize this already chaotic transition, thus possibly leading to unforeseeable consequences that accelerate the decline of Western hegemony more than if the West treated India as an equal. Pressuring India even more and then punishing it for lack of full compliance with their demands will only hasten this outcome. It’s unlikely to succeed in getting India to submit to them so they should abandon this policy. https://korybko.substack.com/p/western-pressure-on-india-over-russia Trump Calls India & Russia “Dead Economies” After Tariff Standoff
It remains unclear whether U.S. and Indian trade negotiators can reach a deal before the deadline. However, Trump’s comments on Truth Social suggest the talks are not going well.
A statement from the Indian government yesterday pointed out that a trade deal with the U.S. must be “mutually beneficial” and protect its farmers and small businesses. https://www.zerohedge.com/geopolitical/trump-calls-india-russia-dead-economies-after-tariff-standoffBite who? Trump Envoy Says This Time Oil Sanctions On Russia Will ‘Bite’ https://www.zerohedge.com/energy/trump-envoy-says-time-oil-sanctions-russia-will-bite
Razzle-dazzle: Crystal clear: China sharpening its anti-satellite laser edge
New BGSe crystal a breakthrough in directed-energy tech that could enhance ground-based laser weapons to target satellites https://asiatimes.com/2025/07/crystal-clear-china-sharpening-its-anti-satellite-laser-edge/# Thailand, Cambodia agree to ‘immediate, unconditional’ ceasefire
Malaysian Premier Anwar Ibrahim announces ceasefire, effective 1700GMT, after hosting peace talks between Cambodian, Thai leaders in Kuala Lumpur https://www.aa.com.tr/en/asia-pacific/thailand-cambodia-agree-to-immediate-unconditional-ceasefire/3644092 Mish Shedlock calls BS: Trump Announces a 15 Percent Tariff Deal With the EU But There Is No Deal – Two Problems: Trump is exaggerating the deal. And Ursula has no signing authority. https://mishtalk.com/economics/trump-announces-a-15-percent-tariff-deal-with-the-eu-but-there-is-no-deal/
Alex Krainer, EUretard ship of fools is sinking the EU – It’s been one humiliation after another for Usrula von der Leyen and the EU. This last one at Trump’s hands could prove fatal for the edifice.
The EU’s problems have ultimately been created by the bloc’s arrogant, intellectually challenged and short-sighted leadership, which has proven as incompetent as it is rigidly attached to ideological objectives. Slowly but surely, they managed to render the EU dysfunctional, not only in terms of its diplomacy but practically along every metric including competitiveness, military power and its economic performance...
..The EU already scored a spectacular own-goal in their relations with China. First, our High Commissioner for Foreign Relations, Kaja Kallas thought it appropriate to take advantage of her meeting with China’s Foreign Minister Wang Yi earlier this month to lecture him about EU values and democracy. She opened by demanding of China to submit to the rules based order and arrogantly insisted that China condemn Russia’s military operation in Ukraine, cease providing support and use its influence to stop Russia’s advance westward.
Wang Yi replied that China was not helping Russia in the conflict with Ukraine and that it had no intention whatsoever of interfering in that conflict. Had China done so, said Yi, the conflict would already have been over. However, Mr. Yi also informed Kallas that China had no intention of seeing Russia lose, because China’s leadership believes that if Russia was defeated, the “rules based order” would turn on China next. Allegedly, the members of China’s delegation at that meeting said they had never seen Wang Yi as angry as he was then. https://alexkrainer.substack.com/p/euretard-ship-of-fools-is-sinking“Beyond Realistic”: Why Europe’s Pledge To Buy $750BN In US Energy Is Mathematically Impossible https://www.zerohedge.com/markets/beyond-realistic-why-europes-pledge-buy-750bn-us-energy-mathematically-impossible
Can Stablecoins Save The US Dollar… Or Just Delay Its Collapse?
Tether claims to have over 400 million users globally—and is adding 30 million more every quarter. That’s explosive growth—reminiscent of Facebook at the height of its expansion.
It’s no surprise that USDt is hugely popular in emerging markets and developing countries like Argentina, Venezuela, and Turkey—places where local currencies are rapidly losing value, and people turn to the US dollar as a relatively more stable store of value. USDt gives them access to US dollars they might not otherwise be able to get.
Tether is like having a US dollar-based checking account—without needing a US bank. For billions of people, it’s simply a better way to hold and send dollars than the sluggish, outdated banking system—which often isn’t even accessible to them in the first place. The average person in Venezuela can’t open a US bank account—but they can access USDt.
Today, stablecoins already settle more value than Visa. Whether people realize it or not, this is the future of dollar payments for billions of people. https://www.zerohedge.com/crypto/can-stablecoins-save-us-dollar-or-just-delay-its-collapse Qatar threatens to cut off gas exports to Europe
Qatari Energy Minister Saad al-Kaabi said the country was reacting to the EU’s corporate sustainability due diligence directive (CSDDD), which requires larger companies operating in the EU to find and fix human rights and environmental issues in their supply chains.
“Put simply, if further changes are not made to CSDDD, the State of Qatar and QatarEnergy will have no choice but to seriously consider alternative markets outside of the EU for our LNG and other products, which offer a more stable and welcoming business environment,” said the letter...
..Brussels proposed changes to the CSDDD earlier this year to reduce its requirements – including by delaying its launch by a year, to mid-2028, and limiting the checks companies will have to make down their supply chains.
Companies that fail to comply could face fines of up to 5% of global turnover.
Qatar said the EU’s changes had not gone far enough. In the letter, Kaabi said Qatar was particularly concerned about the CSDDD’s requirement for companies have a climate change transition plan aligned with preventing global warming exceeding 1.5 celsius – the goal of the Paris Agreement. https://en.mehrnews.com/news/234788/Qatar-threatens-to-cut-off-gas-exports-to-Europe An Overlooked Vulnerability That Could Cripple America’s Power Grid
U.S. transformer wait times have ballooned from 50 to 127 weeks, crippling grid resilience in the face of wildfires, storms, or attacks.
The Build America, Buy America Act and global demand for transformers have limited supply, with domestic production covering only 20% of needs.
Experts warn that the grid remains dangerously unshielded from electromagnetic pulses—natural or man-made—which could lead to catastrophic blackouts. https://oilprice.com/Energy/Energy-General/An-Overlooked-Vulnerability-That-Could-Cripple-Americas-Power-Grid.html The Ethical Skeptic, Gen V – The “Vaccinials” – Gen V – The “Vaccinials” – those born under the hypoxic shadow of the mRNA Covid-19 vaccine, 2021-2041.
[Graphic image at blog, and earlier today from Germ]
https://theethicalskeptic.com/2025/07/29/gen-v-the-vaccinials/#comment-17683Defense Department Continues Ignoring Harms to Readiness by Pushing Flu Shots Contrary to Large Body of Evidence https://www.thegatewaypundit.com/2025/07/defense-department-continues-ignoring-harms-readiness-pushing-flu/
Synthetic mRNA Vaccines and Transcriptomic Dysregulation: Evidence from New-Onset Adverse Events and Cancers Post-Vaccination
Results: Both vaccine patient groups displayed widespread transcriptional dysregulation. In the nonmalignant adverse event group, hallmark enrichments included mitochondrial dysfunction, proteasome-mediated stress, transcriptomic instability, and systemic inflammation. The cancer group exhibited additional hallmarks of genomic instability, and epigenetic reprogramming. Nonsense-mediated decay (NMD), ribosomal stress, and MYC activation were prominent in both groups, while immune signaling via TLRs and type I interferons was particularly elevated in cancer patients.
Conclusions: The observed transcriptomic profiles indicate persistent cellular stress responses, mitochondrial dysfunction, and immune dysregulation following exposure to mRNA vaccines, potentially in susceptible individuals. Shared and distinct molecular signatures in both cohorts demonstrate underlying mechanisms contributing to post-vaccine symptomatology and complications, including oncogenesis and or progression of malignant disease. These findings underscore the need for a deeper investigation. https://www.preprints.org/manuscript/202507.2155/v1Peter McCullough MD: Spanish “Vaxtherapy” Positions Nattokinase First Line – Handling Spike Protein as Core Culprit is Primary Goal in Treating Long-Vax Syndromes https://www.thefocalpoints.com/p/spanish-vaxtherapy-positions-nattokinase
Higher-range Nattokinase dosing, studied for coronary heart disease, here: Effective management of atherosclerosis progress and hyperlipidemia with nattokinase: A clinical study with 1,062 participants
Nattokinase (NK), known as a potent fibrinolytic and antithrombotic agent, has been shown to have antiatherosclerotic and lipid-lowering effects. However, data on human clinical studies are limited. In this clinical study involving 1,062 participants, our objective was to examine the efficacy of NK in atherosclerosis and hyperlipidemia and safety at the dose of 10,800 FU/day after 12 months of oral administration. Various factors, including lower doses that influence NK pharmacological actions, were also investigated.
We found that NK at a dose of 10,800 FU/day effectively managed the progression of atherosclerosis and hyperlipidemia with a significant improvement in the lipid profile. A significant reduction in the thickness of the carotid artery intima-media and the size of the carotid plaque was observed. The improvement rates ranged from 66.5 to 95.4%. NK was found to be ineffective in lowering lipids and suppressing atherosclerosis progression at a dose of 3,600 FU/day. The lipid-lowering effect of NK was more prominent in subjects who smoked, drank alcohol, and subjects with higher BMI. Regular exercise further improved the effects of NK. Co-administration of vitamin K2 and aspirin with NK produced a synergetic effect. No noticeable adverse effects associated with the use of NK were recorded.
In conclusion, our data demonstrate that atherosclerosis progression and hyperlipidemia can be effectively managed with NK at a dose of 10,800 FU/day. The lower dose of 3,600 FU per day is ineffective. The dose of 10,800 FU/day is safe and well tolerated. Some lifestyle factors and the coadministration of vitamin K2 and aspirin lead to improved outcomes in the use of NK.
https://www.frontiersin.org/articles/10.3389/fcvm.2022.964977/full The Vigilant Fox, RFK Jr. Drops Stunning New Vaccine Announcement
HHS Secretary Robert F. Kennedy Jr. just took aim at a system that has failed Americans for nearly 40 years, the Vaccine Injury Compensation Program (VICP). This program was created under the 1986 National Childhood Vaccine Injury Act, which shielded vaccine manufacturers from lawsuits over injury claims.
Before becoming HHS Secretary, Kennedy exposed how vaccine manufacturers were being hammered with lawsuits due to injuries.
One of the largest manufacturers at the time, Wyeth (now part of Pfizer), reportedly told President Reagan: give us legal protection or we’ll stop making vaccines. Reagan’s response? Why not just make safer vaccines? Wyeth’s answer: Vaccines are “unavoidably unsafe.”
That phrase—“unavoidably unsafe”—would later appear in a Supreme Court decision and reflects the legal premise that some vaccine injuries are inevitable.
“And so, anybody who tells you vaccines are safe and effective, the industry itself got immunity from liability by convincing the President and Congress that vaccines are unavoidably unsafe,” Kennedy previously stated. https://www.vigilantfox.com/p/rfk-jr-drops-stunning-new-vaccine Federal, not just state level: Congresswoman Marjorie Taylor Greene has introduced the Clear Skies Act of 2025 calling for an end to what she calls the “dangerous and deadly practice of weather modification and geoengineering.” https://www.zerohedge.com/weather/rep-greene-introduces-clean-skies-act-banning-weather-modification-geoengineering
Anastassia Makarieva Speaks About the Ecosystem – From the discoverer of the biotic pump that makes life inland possible. https://livingearth.substack.com/p/anastassia-makarieva-speaks-about
It was gratifying to come to this gathering,
As I worked my way through the lock-stepping days
Of dealing with lies and distortions and blathering.
Thank-you, dear host, for your most gracious ways.LOOK UP WHAT IS GOING TO GET TAXED BEFORE BUYING.
https://www.whitehouse.gov/presidential-actions/2025/07/suspending-duty-free-de-minimis-treatment-for-all-countries/SUSPENDING DUTY-FREE DE MINIMIS TREATMENT FOR ALL COUNTRIES
Executive Orders
July 30, 2025
———–
IF THE USA WON’T PAY $ FOR IT THEN ONLY BUILD WHAT YOU NEED.
https://www.msn.com/en-ca/news/canada/trump-increases-tariff-on-canada-to-35-from-25/ar-AA1JGtSO?ocid=msedgntp&pc=U531&cvid=688c050f0a0d4619b5943f2dcd55c674&ei=37By Jasper Ward and Ryan Patrick Jones
WASHINGTON/TORONTO (Reuters) -U.S. President Donald Trump on Thursday signed an executive order increasing tariffs on Canadian goods to 35% from 25% on all products not covered by the U.S.-Mexico-Canada trade agreement, the White House said.
I have a tough time getting through a Tony Kinnett cast. Before any dementia patients think I dont like Tony. Its just boring sometimes. Tonight around 45:00 he finds an acorn.
AMENDMENT TO DUTIES TO ADDRESS THE FLOW OF ILLICIT DRUGS ACROSS OUR NORTHERN BORDER
Executive Orders
July 31, 2025By the authority vested in me as President by the Constitution and the laws of the United States of America, including the International Emergency Economic Powers Act (50 U.S.C. 1701 et seq.) (IEEPA), the National Emergencies Act (50 U.S.C. 1601 et seq.), section 604 of the Trade Act of 1974, as amended (19 U.S.C. 2483), and section 301 of title 3, United States Code, I hereby determine and order:
Section 1. Background. In Executive Order 14193 of February 1, 2025 (Imposing Duties To Address the Flow of Illicit Drugs Across Our Northern Border), I declared a national emergency arising from certain conditions, including the public health crisis caused by fentanyl and other illicit drugs, and the failure of Canada to do more to arrest, seize, detain, or otherwise intercept drug trafficking organizations, other drug or human traffickers, criminals at large, and illicit drugs. In that order, I found that those conditions constitute an unusual and extraordinary threat, which has its source in substantial part outside the United States, to the national security, foreign policy, and economy of the United States.
To deal with the emergency declared in Executive Order 14193, I imposed an additional ad valorem rate of duty of 25 percent on certain articles that are products of Canada and an additional ad valorem rate of duty of 10 percent on certain energy or energy resources that are products of Canada. In Executive Order 14231 of March 6, 2025 (Amendment to Duties To Address the Flow of Illicit Drugs Across Our Northern Border), I provided that the additional ad valorem rates of duties under Executive Order 14193 do not apply to articles that are products of Canada that qualify for duty-free entry under the Agreement between the United States of America, United Mexican States, and Canada (USMCA), and I reduced the additional ad valorem rate of duty on potash from 25 percent to 10 percent.
Section 2(d) of Executive Order 14193 provides that “[s]hould Canada retaliate against the United States . . . through import duties on United States exports to Canada or similar measures,” I “may increase or expand in scope the duties imposed . . . to ensure the efficacy of th[e] action” taken in Executive Order 14193. Section 3(b) of Executive Order 14193 provides that the Secretary of Homeland Security, in coordination with other senior officials, “shall recommend additional action, if necessary, should the Government of Canada fail to take adequate steps to alleviate the illegal migration and illicit drug crises through cooperative enforcement actions.”
I have received additional information and recommendations from various senior officials regarding, among other things, Canada’s lack of cooperation in stemming the flood of fentanyl and other illicit drugs across our northern border — including its failure to devote satisfactory resources to arrest, seize, detain, or otherwise intercept drug trafficking organizations, other drug or human traffickers, criminals at large, and illicit drugs — and Canada’s efforts to retaliate against the United States in response to Executive Order 14193, as amended. After considering the additional information and recommendations that I have received, among other things, I have determined that, for the products of Canada that are subject to the additional ad valorem rate of duty of 25 percent, the additional ad valorem rate of duty shall increase from 25 percent to 35 percent. In my judgment, this action is necessary and appropriate to deal with the emergency declared in Executive Order 14193.
Sec. 2. Implementation. (a) All articles that are subject to the additional ad valorem rate of duty of 25 percent under Executive Order 14193, as amended, shall instead be subject to an additional ad valorem rate of duty of 35 percent. Accordingly, the Harmonized Tariff Schedule of the United States (HTSUS) shall be modified as provided in the Annex to this order.
(b) The changes set forth herein shall be effective with respect to goods entered for consumption, or withdrawn from warehouse for consumption, on or after 12:01 a.m. eastern daylight time on August 1, 2025.
(c) Nothing in this order shall be construed to alter or otherwise affect section 2(b) of Executive Order 14193 or section 2(a) or section 2(b) of Executive Order 14231.
(d) The stacking rules set out in Executive Order 14289 of April 29, 2025 (Addressing Certain Tariffs on Imported Articles), and any subsequent order or proclamation addressing stacking of tariffs imposed under IEEPA, shall continue to apply to goods that are subject to subsection (a) of this section.
(e) The Secretary of Homeland Security, in consultation with the United States International Trade Commission, shall determine whether any additional modifications to the HTSUS are necessary to effectuate this order and may make such modifications through notice in the Federal Register.
Sec. 3. Transshipment. (a) all articles of Canada that do not qualify as originating under USMCA and are determined by U.S. Customs and Border Protection (CBP) to have been transshipped to evade applicable duties under section 2 of this order shall be subject to (i) an additional ad valorem rate of duty of 40 percent, in lieu of the additional ad valorem rate of duty applicable under section 2 of this order to goods of the country of origin; (ii) any other applicable or appropriate fine or penalty, including those assessed under 19 U.S.C. 1592; and (iii) any other United States duties, fees, taxes, exactions, or charges applicable to goods of the country of origin. CBP shall not allow, consistent with applicable law, for mitigation or remission of the penalties assessed on imports found to be transshipped to evade applicable duties.
(b) The Secretary of Commerce and the Secretary of Homeland Security, acting through the Commissioner of CBP, in consultation with the United States Trade Representative, shall publish every 6 months a list of countries and specific facilities used in circumvention schemes, to inform public procurement, national security reviews, and commercial due diligence.
Sec. 4. Monitoring and Recommendations. (a) The Secretary of Homeland Security shall continue to monitor, and regularly consult with the Secretary of State, the Attorney General, the Assistant to the President for National Security Affairs, and the Assistant to the President for Homeland Security, on the situation at our northern border. The Secretary of Homeland Security shall inform the President of any circumstances that, in her opinion, might indicate the need for further action by the President. The Secretary of Homeland Security shall also inform the President of any circumstance that, in her opinion, might indicate that the Government of Canada has taken adequate steps to alleviate the emergency declared in Executive Order 14193.
(b) The Secretary of Homeland Security, in coordination with the Secretary of State, the Attorney General, the Assistant to the President for National Security Affairs, and the Assistant to the President for Homeland Security, shall recommend additional action, if necessary, should the Government of Canada fail to take adequate steps to alleviate the illicit drug crisis or should the Government of Canada retaliate against the United States in response to the actions taken in Executive Order 14193 or any subsequent order issued to address the emergency declared in Executive Order 14193.
Sec. 5. Delegation. The Secretary of Homeland Security, in consultation with the Secretary of the Treasury, the Attorney General, and the Secretary of Commerce, is hereby authorized to take such actions, including adopting rules and regulations, and to employ all powers granted to the President by IEEPA as may be necessary to implement this order. The Secretary of Homeland Security may, consistent with applicable law, redelegate any of these functions within the Department of Homeland Security. All executive departments and agencies shall take all appropriate measures within their authority to implement this order.
Sec. 6. Severability. If any provision of this order, or the application of any provision of this order to any individual or circumstance, is held to be invalid, the remainder of this order and the application of its provisions to any other individuals or circumstances shall not be affected.
Sec. 7. General Provisions. (a) Nothing in this order shall be construed to impair or otherwise affect:
(i) the authority granted by law to an executive
department or agency, or the head thereof; or
(ii) the functions of the Director of the Office of Management and Budget relating to budgetary, administrative, or legislative proposals.
(b) This order shall be implemented consistent with applicable law and subject to the availability of appropriations.
(c) This order is not intended to, and does not, create any right or benefit, substantive or procedural, enforceable at law or in equity by any party against the United States, its departments, agencies, or entities, its officers, employees, or agents, or any other person.
(d) The costs for publication of this order shall be borne by the Department of Homeland Security.DONALD J. TRUMP
THE WHITE HOUSE,
July 31, 2025.Annex
Effective with respect to goods entered for consumption, or withdrawn from warehouse for consumption, on or after 12:01 a.m. eastern daylight time on August 1, 2025, subchapter III of chapter 99 of the Harmonized Tariff Schedule of the United States (HTSUS) is modified as follows:
(a) Heading 9903.01.10 of the HTSUS is amended by deleting “25%” each place that it appears and by inserting “35%” in lieu thereof; and
(b) Subdivision (j) of U.S. note 2 to subchapter III of chapter 99 of the HTSUS is amended by:
(i) deleting “25%” and inserting “35%” in lieu thereof, and
(ii) deleting “described in headings 9903.01.11, 9903.01.12, 9903.01.13, 9903.01.14, and 9903.01.15” and inserting “described in headings 9903.01.11, 9903.01.12, 9903.01.13, 9903.01.14, 9903.01.15 and 9903.01.16” in lieu thereof.(c) Note 2 to subchapter III of chapter 99 of the HTSUS is modified by inserting new subdivision (m) in alphabetical order:
“(m) For the purposes of heading 9903.01.16, products of Canada that do not qualify as originating under the United States-Canada-Mexico Free Trade Agreement (USMCA) and are determined by U.S. Customs and Border Protection (“CBP”) to have been transshipped to evade applicable duties provided for by headings 9903.01.10, 9903.01.13, or 9903.01.15 shall be subject to an additional 40% ad valorem rate of duty in lieu of the additional rate of duty provided for in headings 9903.01.10, 9903.01.13, or 9903.01.15. Heading 9903.01.16 does not apply to products described in headings 9903.01.11, 9903.01.12, and 9903.01.14, or products for personal use included in accompanied baggage of persons arriving in the United States. Notwithstanding U.S. note 1 to this subchapter, all products of Canada that are subject to the additional ad valorem rate of duty imposed by heading 9903.01.16 shall also be subject to the general rates of duty imposed on products of Canada entered under subheadings in chapters 1 to 97 of the tariff schedule.The additional duties imposed by heading 9903.01.16 apply to products of Canada including both goods of Canada under the rules set forth in part 102, title 19 of the Code of Federal Regulations, as applicable, as well as goods for which Canada was the last country of substantial transformation prior to importation into the United States.
Products of Canada that are eligible for temporary duty exemptions or reductions under subchapter II to chapter 99, shall be subject to the additional ad valorem rate of duty imposed by heading 9903.01.16.
The additional duties imposed by heading 9903.01.16 shall not apply to goods for which entry is properly claimed under a provision of chapter 98 of the tariff schedule pursuant to applicable regulations of CBP, and whenever CBP agrees that entry under such a provision is appropriate, except for goods entered under heading 9802.00.80; and subheadings 9802.00.40, 9802.00.50, and 9802.00.60. For subheadings 9802.00.40, 9802.00.50, and 9802.00.60, the additional duties apply to the value of repairs, alterations, or processing performed (in Canada), as described in the applicable subheading. For heading 9802.00.80, the additional duties apply to the value of the article assembled abroad (in Canada), less the cost or value of such products of the United States, as described.
Products of Canada that are provided for in heading 9903.01.16 shall continue to be subject to antidumping, countervailing, or other duties, taxes, fees, exactions and charges that apply to such products.
Products of Canada that are provided for in heading 9903.01.16 that are otherwise eligible for the administrative exemption from duty and certain taxes at 19 U.S.C. 1321(a)(2)(C) — known as the “de minimis” exemption – may continue to qualify for the exemption, but the de minimis exemption shall cease to be available for such articles upon notification by the Secretary of Commerce, in consultation with the Secretary of the Treasury, to the President that adequate systems are in place to fully and expediently process and collect tariff revenue applicable for covered articles otherwise eligible for the de minimis exemption.
(d) The HTSUS is modified as follows, to implement this provision: (i) by inserting the following new heading 9903.01.16 in numerical sequence, with the material in the new heading inserted in the columns of the HTSUS labeled “Heading/Subheading”, “Article Description”, “Rates of Duty 1—General”, “Rates of Duty 1—Special” and “Rates of Duty 2”, respectively:Heading/ Subheading Article Description Rates of Duty
1 2
General Special
“9903.01.16
Except for products described in 9903.01.11, 9903.01.12, and 9903.01.14, articles the product of Canada as provided for in subdivision (m) to note 2 to this subchapter and determined by CBP to have been transshipped to evade applicable duties. The duty provided in the applicable subheading + 40% The duty provided in the applicable subheading The duty provided in the applicable subheading”
- You must be logged in to reply to this topic.
Sorry, the comment form is closed at this time.