Several Democratic senators talked about their legislative efforts to rein in President Donald Trump's sweeping tariff hikes the same day that the Supreme Court grappled with the question of whether Congress gave away too much of its power to the president to set tariffs.
NEW YORK -- Apparel import compliance professionals more used to thinking about bills of lading and purchase orders than the major questions doctrine had their hopes raised -- and dashed -- at the annual U.S. Fashion Industry Association conference.
More than 100 House Democrats asked the U.S. trade representative to make significant changes to USMCA as part of its six-year review, arguing that imports from Mexico and Canada are undermining U.S. autoworkers, steelworkers, aerospace workers and farmers.
As the Office of the U.S. Trade Representative considers whether the U.S. wants to continue the USMCA, it will evaluate more than 1,500 comments from farmers, manufacturers, retailers, civic society and broad business interests that operate in all three countries.
Leaders of the House Select Committee on China and Foreign Affairs Committee are asking the Commerce Department to use the Office of Information and Communications Technology and Services to restrict products from Chinese companies (or subsidiaries) operating in the U.S. across a range of products.
Treasury Secretary Scott Bessent, in two TV interviews, praised the president's trade diplomacy in Asia, and said "a price has got to be paid" for Ontario's ad quoting former President Ronald Reagan in support of free trade.
President Donald Trump said he "got sort of everything that we wanted" out of the meeting last week with Chinese President Xi Jinping, adding later that, "Because of tariffs, President Xi allowed us to win every single point."
President Donald Trump won't attend the oral arguments at the Supreme Court over the legality of his use of the International Emergency Economic Powers Act to levy tariffs on countries around the world, he announced Nov. 2.
The U.S. will drop tariffs on Chinese goods by 10 percentage points on Nov. 10, and also will stop collecting ship-docking fees under the Section 301 action on shipbuilding on that date, the administration announced over the weekend. The fees are suspended for one year.
Asia Society think tank experts, in an analysis of President Donald Trump's visit in Malaysia, Japan and Korea, called the trip very successful.