Producing scrubs in Haiti allows American firms to avoid 29% tariffs on pants, 16% tariffs on tops, and still import the fabric from Asia. But the trade preferences for Haiti known as HOPE/HELP expire in three months and 11 days, and Republicans who control the voting calendar are not reassuring the companies that it will be renewed on time.
Rodney Scott, who once led the Border Patrol, was confirmed by the Senate to be the leader of CBP, on a 51-46 vote. All Republicans present voted for Scott, and no Democrats or independents did.
The Senate version of the tax bill moving through Congress cut out two trade-related provisions that passed the House -- one, which would end de minimis for all imports in July 2027, and the other, curtailing drawback for tobacco products.
Pharmaceutical tariffs, which President Donald Trump said are coming soon, loomed over a seminar on fragile supply chains for medicines, but both the hosts at the think tank and the guests agreed, they will neither reduce dependency on imports nor solve shortages.
President Donald Trump, speaking to reporters as he flew back a day early from the Group of 7 summit in Canada, called both Japan and the EU tough negotiators, but said there's a chance that a deal can be arrived at with Japan.
The additional in-quota Section 232 tariff rate for British cars will be 7.5% under a deal recently concluded with the U.K., so that the combined most-favored nation and 232 tariff will be 10% as long as imports are under the 100,000 annual tariff rate quota amount, beginning seven days after the June 16 executive order is published in the Federal Register.
President Donald Trump expressed confidence that the U.S. and Canada will "work something out" on trade, just before he met June 16 with Canadian Prime Minister Mark Carney. The two were meeting ahead of the beginning of a two-day Group of 7 summit in Canada's Alberta province.
Bloomberg reported that an Indonesian delegation's trip to Washington that had been scheduled for next week was canceled because its proposal to address its trade surplus was considered sufficient.
The U.S. has the power to force some manufacturing out of Canada and Mexico and have it locate in the U.S., so that those cars or other products avoid tariffs, a think-tank analyst said at a Washington International Trade Association event.
The executive director of the U.S. office of the top association for Mexico's businesses echoed the upbeat line of his government, that the USMCA carveouts in the global trade war give Mexico and Canada a leg up.