A dairy exporters trade group and a former USMCA negotiator say the state-to-state dispute panels under the NAFTA replacement are only a partial success.
President Donald Trump's directive in his proclamation expanding Section 232 steel tariffs to assess penalties for the misclassification of entries resulting in non-payment of the duties without regard for "evidence of mitigating factors" may run afoul of existing customs laws, trade lawyers said. Even if the directive stays within the bounds of the current statutory scheme, expect more prior disclosures and proactive steps to ensure the proper customs treatment of steel entries, the lawyers added.
The U.S. will consider a revival of Section 301 investigations on digital services taxes in several countries, as well as potential tariffs to counter “trade and regulatory practices” in those and other countries that “discriminate against” or “disproportionally affect” U.S. companies, under a memo signed by President Donald Trump Feb. 21.
Improving trade for U.S. cars in Europe is "clearly the priority" for American trade negotiators, according to European Union Trade Commissioner Maros Sefcovic, who had a four-hour meeting Feb. 19 with U.S. Commerce Secretary Howard Lutnick, U.S. trade representative nominee Jamieson Greer and Kevin Hassett, director of the National Economic Council.
President Donald Trump said that he will "probably" say more about the scope of tariffs on cars "on April 2, but it'll be in the neighborhood of 25%," in response to a question at a press conference Feb. 18.
Correction: Steel and steel derivatives from Turkey will for the time being only face 25% Section 232 tariffs, unchanged from before President Donald Trump’s Feb. 11 proclamation upping tariffs for some countries and a new list of derivative products (see 2502140025 and 2502140066).
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President Donald Trump's plan to remove the de minimis exemption from goods made in China and Hong Kong may just be the start of a bigger push to remove that exemption from other countries, according to trade experts speaking during a Feb. 13 webinar sponsored by ShipHero, a warehouse management system provider for e-commerce and third-party logistics firms.
The EU chairman of the Committee for International Trade and a former U.S. trade representative predicted that the trade dispute between the U.S. and the EU is unlikely to subside soon due to "fundamental disagreements" over economic policy.
The fact that the White House reciprocal tariff memo covers far more than tariffs gives the administration a great deal of leeway to impose tariffs on even trading partners like Canada, Mexico and South Korea that have virtually no tariffs on U.S. exports.