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.
President Donald Trump, in a meandering speech at an investors conference in Miami Feb. 19, said he'd be announcing "tariffs on cars and semiconductors and chips and pharmaceuticals, drugs, and pharmaceuticals, and lumber, probably, and some other things, over the next month, or sooner -- and it'll have a big impact in America."
Correction: Maggie Barnett is CEO of LVK Logistics, a 3PL specializing in apparel and beauty fulfillment (see 2502180023).
India and the U.S. will negotiate a bilateral trade agreement that will cover multiple sectors in tranches, with the first aiming for completion in the fall of 2025, President Donald Trump and Indian Prime Minister Narendra Modi said in their joint statement, released after their meeting Feb. 13.
Correction: A story in the Feb. 10 International Trade Today incorrectly stated that goods on the water would have an earlier March date for Section 232 tariffs to apply (see 2502100011). A White House spokesman incorrectly described the timing of the action. The effective date is actually March 12.
The opening salvos of President Donald Trump's aggressive trade actions in the first weeks of his administration may be a harbinger of what is to come in the next four years as trade experts predict an upending of the global trade system.
President Donald Trump nominated William Kimmitt, current partner at Kirkland & Ellis, to serve as head of the Commerce Department's International Trade Administration. Kimmitt served in the first Trump administration as counsel to the U.S. trade representative and was involved in the implementation of the USMCA. At Kirkland & Ellis, Kimmitt is a litigation partner, focusing on international trade and Section 337 unfair import investigation proceedings.