House Foreign Affairs Committee ranking member Rep. Gregory Meeks, D-N.Y., is trying to force votes in the House to end the emergency that justifies reciprocal tariffs and on a bill that would hike tariffs to 500% on Russian products.
A former Mexican trade negotiator and deputy foreign affairs minister and two think-tank analysts agreed that it would have made sense for Mexico to capture more manufacturing, leaving China in the wake of President Donald Trump's initial trade war, but they said that if Mexico changes course on its energy policy and effectively tackles cargo theft, it could garner more investment.
For the countries outside America's top 30 or so trading partners, the U.S. likely will apply either 10% or 15% tariffs, President Donald Trump said in a telephone interview July 16.
Trade restrictions in pending Section 232 investigations for copper, lumber, semiconductors, pharmaceuticals, critical minerals, heavy-duty trucks, commercial aircraft and engines, polysilicon and drones are a foregone conclusion, but "exactly what those trade measures will look like" has not been decided, Steptoe's Jeff Weiss said during a firm webinar.
A bill has passed the House of Representatives that requires the Consumer Product Safety Commission to run a pilot program to see if artificial intelligence can advance its mission. It tasks the CPSC to see if AI can monitor internet websites, for the sale of recalled consumer products, and identify products that the CPSC has found should be refused admission to the U.S.
The president of Indonesia confirmed to reporters in Jakarta that he agreed to 19% tariffs, in exchange for buying more wheat, soybeans, fuel and Boeing aircraft.
The Office of the U.S. Trade Representative launched a Section 301 investigation on Brazilian policies that discriminate against American firms, naming these issues:
President Donald Trump, after returning from a political event in Pennsylvania the evening of July 15, told reporters that Section 232 tariffs on pharmaceuticals will start "probably at the end of the month, and we're going to start off with a low tariff and give the pharmaceutical companies a year or so to build, and then we're going to make it a very high tariff, because we gotta move them here."
Sen. Lindsey Graham, R-S.C., and Sen. Richard Blumenthal, D-Conn., co-sponsors of the Sanctioning Russia Act of 2025, which authorizes 500% tariffs on buyers of Russian energy products, praised President Donald Trump for his promise of 100% tariffs on products from countries buying Russian goods, if Russia doesn't stop its war in Ukraine.
President Donald Trump said the trade deal he and Indonesia's president reached will provide U.S. exporters "full access," access exporters never had.