The European Commission has proposed 25% retaliatory tariffs on some U.S. goods in response to the tariffs on steel and aluminum President Donald Trump imposed last month (see 2503120042), according to a document seen by Reuters, the news service reported April 7.
Latin American countries are quietly breathing a sigh of relief that President Donald Trump's Liberation Day tariffs are focused primarily on other parts of the world, which may even give the region a comparative advantage.
China retaliated against President Donald Trump's reciprocal tariffs with duties of 34% on all U.S. goods, along with new export restrictions on U.S. companies and rare earth metals.
Tariffs cause ripple effects throughout the international trade and business communities beyond just the levies on goods at the time of entry, experts said during a Zencargo "Tariff Talk" webinar on March 31.
Authorities in Beijing watching the Trump administration "sabotage itself" with tariffs on allies and redefinition of the international order are in no hurry to establish a U.S.-China trade deal, experts said at a March 31 event.
The Commerce Department will soon suspend liquidation and impose countervailing duty cash deposit requirements on imports of slag pots from China, it said in a fact sheet issued March 28. The CVD rates will be set at 226.16% for Chinese exporters, the agency said as it announced its preliminary determinations in its ongoing CVD investigations. Suspension of liquidation and cash deposit requirements will take effect for entries on or after the date of publication of the preliminary determinations in the Federal Register, which should occur in the coming days. Commerce is conducting concurrent antidumping duty investigations on the same product from China, with a preliminary determination expected by June 10.
The European Union is going to be the "major victim" of President Donald Trump's "Liberation Day" on April 2, experts at the Center for Strategic and International Studies predicted.
Reactions from across the U.S. automotive industry and the world poured in after President Donald Trump announced 25% tariffs on all imports of automobiles beginning April 3.
After the economic impact of tariffs takes hold in the U.S. economy, companies will have to employ a mix of "adroit supply chain management" and "begging" for tariff exemptions from the Trump administration, said William Reinsch, a senior adviser at the Center for Strategic and International Studies.
The Commerce Department soon will suspend liquidation and impose countervailing duty cash deposit requirements on imports of paper file folders from Cambodia, it said in a fact sheet issued March 25. Commerce set the CVD rate at 21.53% for Cambodian exporters, the agency said as it announced its preliminary determination in its ongoing CVD investigation. Suspension of liquidation and cash deposit requirements will take effect for entries on or after the date of publication of the preliminary determinations in the Federal Register, which should occur in the coming days. Commerce is conducting concurrent antidumping duty investigations on the same products from Cambodia and Sri Lanka, with preliminary determinations expected by May 21.