New economic research shows that universal tariffs will not be an effective revenue source for the U.S. government, economists with the Peterson Institute for International Economics said during an event April 30.
Former U.S. Trade Representative Robert Lighthizer, who served in that role in President Donald Trump's first term, told an audience at the Council on Foreign Relations that he thinks "there’s a reasonable chance the CIT would enjoin" tariffs levied under the International Emergency Economic Powers Act, or IEEPA. Trump used IEEPA to levy 25% tariffs on Canada and Mexico over fentanyl and migration, as well as 20% tariffs on China over fentanyl, and used it to levy 10% tariffs on countries other than those three, and an additional 125% tariffs on Chinese goods.
Experts predicted that a trade deal between the United States and China is unlikely in the short term and that any deal will depend on "some sort of down payment" by China before negotiations can begin.
A former staffer in the Office of the U.S. Trade Representative during President Donald Trump's first term and a Harvard professor agreed on very little in a debate hosted by The Federalist Society on Trump's tariffs and trade policy.
Many pharmaceutical products sold in the U.S. could have significant exposure to forced labor from their China-based supply chains, according to a report from risk management company Exiger.
CHANDLER, Ariz. -- The National Customs Brokers & Forwarders Association of America could help organize a class-action lawsuit against ocean carriers if enough of its members and other non-vessel operating common carriers (NVOCC) say they're unfairly being refused service contracts, industry officials said at the NCBFAA’s annual meeting.
President Donald Trump said April 9 that he’s hiking tariffs on Chinese imports to 125% "effective immediately."
CHANDLER, Ariz. -- The Fish and Wildlife Service hopes to make ACE filing of FWS-regulated entries mandatory “by the end of the year,” Jeff Moore of the agency’s Nogales, Arizona, office said at the National Customs Brokers & Forwarders Association of America's annual conference April 8.
Federal Maritime Commission Chairman Louis Sola this week applauded the Panama Maritime Authority for recently removing from its registry more than 100 vessels sanctioned by the U.S. and other governments, saying the move is helping to pressure Iran and other nations operating so-called shadow fleets. He also said the FMC may investigate other registries that haven’t removed those ships.
The Federal Maritime Commission is asking for public comments on an information collection related to ocean common carriers that are subject to the FMC’s regulations. The notice said these controlled carriers must ensure that they don’t maintain rates or charges in their tariffs and service contracts “that are below a level that is just and reasonable; nor establish, maintain, or enforce unjust or unreasonable classifications, rules, or regulations in those tariffs or service contracts that result or are likely to result in the carriage or handling of cargo at rates or charges that are below a just and reasonable level.” Public comments are due April 23.