Commerce secretary nominee Howard Lutnick vigorously defended the prospect of imposing tariffs on all goods from places like the EU, Japan or South Korea during his confirmation hearing Jan. 29, saying those countries deserve it, as they either use food safety rules to protect their farmers, put up barriers to American car imports, or undercut American manufacturing with their exports of manufactured goods.
International Trade Today is providing readers with the top stories from last week in case they were missed. All articles can be found by searching on the titles or by clicking on the hyperlinked reference number.
The Trump administration may be beginning to favor the use of trade policy tools like tariffs to replace sanctions to compel foreign policy, researchers said on a podcast hosted by the Center for a New American Security last week.
After the Trump administration released a memo outlining the scope of trade action to be taken during his term, one thing became clear, according to a variety of trade attorneys: antidumping duty and countervailing duty rates are about to soar.
President Donald Trump announced his intention to use tariffs to force countries to accept planes full of their deported citizens, as well as new sector specific targets beyond steel and aluminum.
President Donald Trump's recent threat to slap Colombia with a 25% tariff could serve as a harbinger for how he could interact with Canada, Mexico and other trading partners when it comes to tariffs, according to industry observers interviewed by International Trade Today.
With 25% tariffs on Canadian and/or Mexican goods hanging like a sword of Damocles over importers' heads, some are rushing to bring their goods in before Saturday, some are getting ACH set up for electronic transfer of payment to CBP -- and some are doing absolutely nothing.
North America trade expert Dan Ujczo, from Thompson Hine, was expecting 25% tariffs on Canada and Mexico to begin Jan. 20.
The Trump administration could be laying the groundwork to take broad and sweeping action on trade policy around April 1 when an internal review on U.S. trade policy is due, according to trade lawyers from Barnes Richardson.
Former Pennsylvania Sen. Pat Toomey, who voted against USMCA because he felt it moved too much in the direction of managed trade, told an audience at a Council on Foreign Relations event Jan. 23 that, despite all of his talk of tariffs, "a lot of folks will be surprised at the extent to which President [Donald] Trump will pursue broad, aggressive tariffs."