National Association of Foreign-Trade Zones Chair Shannon Fura, a founder of Chicago law firm Page Fura, said the language in President Donald Trump's recent executive orders creating new tariffs, which say that goods must pay tariffs before entering FTZs, "are handcuffing some of the benefits" that FTZs are designed to provide.
During a visit by Irish Prime Minister Michael Martin, President Donald Trump brushed away Martin's comments about Irish companies buying Boeing planes and hiring in the U.S. "There's a massive deficit. I don't mean by a little bit," he said, referring to the trade in goods between Ireland and the U.S. "We want to sort of even that out as nicely as we can. We don't want to do anything to hurt Ireland, but we want fairness," he said.
Two Section 232 investigations launched March 10 by the Commerce Department -- one on copper, the other on lumber -- serve as harbingers of potentially more trade activity to come, attorneys with the law firm Pillsbury said during a webinar on "DC Disrupted: Upcoming Tariffs & Trade Actions," said after notices seeking comments on the investigations had been posted.
President Donald Trump said on social media he is "strongly considering large-scale" sanctions and tariffs on Russia "until a Cease Fire and FINAL SETTLEMENT AGREEMENT ON PEACE IS REACHED."
President Donald Trump posted on social media March 5 that his call with Canadian Prime Minister Justin Trudeau "ended in a 'somewhat' friendly manner," but that he told him that a reduction in fentanyl smuggling from Canada to the U.S. is not good enough.
President Donald Trump posted on social media on March 3, "To the Great Farmers of the United States: Get ready to start making a lot of agricultural product to be sold INSIDE of the United States. Tariffs will go on external product on April 2nd. Have fun!"
President Donald Trump said he's "very receptive" to reaching a trade deal with the United Kingdom that would mean hiking tariffs on the U.K. wouldn't be necessary. Trump and U.K. Prime Minister Keir Starmer held a joint press conference after their meeting Feb. 27, which Starmer opened by emphasizing that trade is fair and balanced between the two countries.
President Donald Trump, when asked about whether Canada and Mexico had done enough on the border to be spared 25% tariffs on their goods, went on a rant about how the U.S. has been taken advantage of by its trading partners, and said that reciprocal tariffs will go forward.
President Donald Trump, when asked about whether Canada and Mexico had done enough on the border to be spared 25% tariffs on their goods, went on a rant about how the U.S. has been taken advantage of by its trading partners, and said that reciprocal tariffs will go forward.
Kevin Hassett, a top economic adviser who returned for President Donald Trump's second term, told reporters at the White House on Feb. 21 that he and Commerce Secretary Howard Lutnick had just met with top Mexican officials about fentanyl and about reciprocal trade.