Vietnam and the Philippines are the Southeast Asian countries closest to a trade deal with the U.S., said a former assistant U.S. trade representative on a webinar hosted by the Asia Program of the Carnegie Endowment for International Peace on June 17.
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.
The U.S. and China reached an agreement for Beijing to rein in export curbs on critical minerals, and for the U.S. to "provide to China what was agreed to," President Donald Trump said June 11, offering few details about the substance of the deal.
The last time President Donald Trump attended a Group of 7 meeting in Canada, he insulted Canada's prime minister on social media as he flew home -- then, as now, the relationship with allies was strained due to U.S. tariffs (see 1806110028). It also was the only time a member refused to sign the leaders' communiqué.
President Donald Trump got the phone call with Chinese President Xi Jinping he'd been seeking, and Trump wrote on social media that "there should no longer be any questions respecting the complexity of Rare Earth products."
President Donald Trump's announcement that he would double Section 232 tariffs on aluminum, alongside steel, to 50% -- when the vast majority of imported aluminum was duty-free until March 12 -- drew warnings from the largest aluminum trade group.
Commerce Secretary Howard Lutnick, on Fox Business News on June 1, described China as "slow rolling" its de-escalation agreement with the U.S., rather than being in violation of the deal, but said that "we are taking certain actions to show them what it feels like on the other side of the equation."
President Donald Trump said at a press conference in the Oval Office that the U.S. would no longer have an economically viable country if higher courts uphold the rulings from the Court of International Trade and a U.S. district court that he doesn't have unbounded power to hike tariffs under an emergency statute.
President Donald Trump answered a question about auto tariffs for Tesla CEO Elon Musk, as the two stood in the Oval Office May 30.
Correction: Higher country-specific reciprocal tariff rates imposed on some countries April 9 then suspended for 90 days that same day are set to resume effect July 9 (see 2505220009, 2505020060, 2505090006, 2505090061, 2505220008 and 2505010054).