House Ways and Means Trade Subcommittee ranking member Rep. Linda Sanchez, D-Calif., declined to say if she'd join forces with colleagues who want to end the president's ability to impose tariffs under the International Emergency Economic Powers Act, but said, "I certainly think they're on the right track."
Peter Navarro, a trade adviser to President Donald Trump who was known as a China hawk when he served in the president's first administration, said the Commerce Department will be conducting Section 232 investigations on how the steel and aluminum actions should be adjusted, and how imports of critical minerals and essential medicines "are harming [our] ability to produce" those goods.
After pulling back for the moment on threatened 25% tariffs on Canadian and Mexican imports, China is the only country facing imminent tariffs over fentanyl smuggling. The 10% tariffs will be added to most favored nation duties or, for goods subject to Section 301 duties of either 25% or 7.5%, to those duties and the underlying MFN rates.
Tariffs will be delayed on Canada, President Donald Trump decided about eight hours before the deadline, and hours after he announced Mexico wouldn't face tariffs for the next month. He also granted Canada 30 days to convince him to keep duty-free trade flowing.
Two Democrats have introduced a bill in the Senate that, if it becomes law, would prevent a president from levying tariffs on free-trade partners, on NATO members and on major non-NATO allies without congressional approval.
Trump Says Tariffs Will Be Hiked on Oil Next Month and Steel, Aluminum Tariffs Going Higher; EU Next
President Donald Trump told reporters that his administration plans to put tariffs on oil and gas, and on items related to semiconductor chips and pharmaceuticals, and he gave more details about previously threatened tariffs on steel, aluminum and copper.
President Donald Trump told reporters that there are no concessions Mexico, Canada or China could make to avoid tariffs on Feb. 1, which he wants to use to punish them for trade deficits, fentanyl trafficking, and, in the case of Canada and Mexico, migration across their borders.
The National Oceanic and Atmospheric Administration and the National Institute of Standards and Technology would have to develop a methodology for identifying the country of origin of red snapper and some species of imported tuna, if a bipartisan bill re-introduced in the Senate becomes law.
The Senate Commerce Committee is expected to take up a bill next week that would direct the Department of Commerce to work with the private sector to identify vulnerabilities in supply chains for critical goods, monitor supply chains in those industries, and identify ways that a supply-chain shock could affect manufacturing.
President Donald Trump, in response to a question from a reporter at the White House, said 25% tariffs on Canada and Mexico are coming on Feb. 1, on Saturday.