Asking other countries to open their markets to more exports from the U.S. is causing significant changes to how countries have historically conducted trade, according to speakers on Gibson Dunn's Aug. 8 webinar "U.S. Trade Policy: Navigating Uncharted Waters."
Treasury Secretary Scott Bessent urged the Group of Seven nations to follow the U.S. in imposing secondary tariffs on countries that continue to buy Russian oil, including possibly China.
Treasury Secretary Scott Bessent said that wrapping up remaining trade deals by October is "aspirational" in part because India has been "recalcitrant" during trade negotiations.
President Donald Trump said that he is open to the possibility of normalizing trade relations with Russia if his upcoming meeting with Russian President Vladimir Putin goes well.
President Donald Trump denied having said he would impose Russia-related secondary tariffs of 100%, but said a decision on what tariffs would be imposed for countries buying Russian energy would be decided on Aug. 6.
President Donald Trump, after softening his tone on India with reporters earlier in the day, posted angrily about India and its purchases of Russian oil at midnight on July 31.
President Donald Trump sent letters to AbbVie, Amgen, AstraZeneca, Boehringer Ingelheim, Bristol Myers Squibb, Eli Lilly, EMD Serono, Genentech, Gilead, GSK, Johnson & Johnson, Merck, Novartis, Novo Nordisk, Pfizer, Regeneron and Sanofi, posting several of them online, telling them they should, within 60 days, set prices for Medicaid at the same level as the cheapest price their drugs are sold in a developed country; contract that when new drugs are launched, Medicaid, Medicare and private insurers all get that global low price; and allow direct-to-consumer sales for high-volume drugs, as long as those sales are at the same price as to insurers.
President Donald Trump, in a gaggle with reporters on his plane as he returned from Scotland, said that he will impose tariffs to pressure Russia on Aug. 8, 10 days from now.
At a press conference in Scotland, President Donald Trump told local reporters that adjustments to the 25% tariff charged on British steel and aluminum would be known "pretty soon."
President Donald Trump said he's no longer giving Russia 50 days, until Sept. 2, to stop its war in Ukraine or face trade measures. He told reporters in Scotland on July 28, "I'm going to make a new deadline of about 10 or 12 days from today. There's no reason in waiting," he said. "We just don't see any progress being made."