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.
Rep. Greg Murphy, R-N.C., reintroduced a bill to disallow the use of de minimis entry for packages that include goods subject to Section 301 tariffs. The bill passed the House Ways and Means Committee in 2024 (see 2404180068). Murphy said in a Jan. 28 news release that two-thirds of de minimis imports are from China. "By updating our De Minimis law, we are creating a fairer playing field for American businesses to compete and ending abuse by Chinese companies," he said.
Commerce secretary nominee Howard Lutnick vigorously defended the prospect of imposing tariffs on all goods from places like the EU, Japan or South Korea during his confirmation hearing Jan. 29, saying those countries deserve it, as they either use food safety rules to protect their farmers, put up barriers to American car imports, or undercut American manufacturing with their exports of manufactured goods.