President Donald Trump, speaking to reporters in Scotland July 28, said that he expects the global tariff for small countries to be "in the range of 15 to 20%."
European Commission President Ursula von der Leyen said "all aircraft and component parts, certain chemicals, certain generics, semiconductor equipment, certain agricultural products, natural resources and critical raw materials" from EU countries will be duty-free in the U.S. as part of a trade deal between the two sides.
CBP upheld its June 2024 ruling that the customer who buys the medication at retail -- not the retail pharmacy -- is the ultimate purchaser, and as a result, retail pharmacies must list the medicine's country of origin on the prescription label. This is the case even if the FDA's Drug Supply Chain Security Act doesn't require country of origin on the prescription label, according to CBP.
President Donald Trump, speaking with reporters July 25 before boarding a flight to Scotland, downplayed the possibility of reaching an agreement to impose lower than his threatened 30% tariff on EU exports.
Rep. Suzan DelBene, D-Wash., a lead sponsor of the Prevent Tariff Abuse Act, has convinced 71 other Democrats to join her in clarifying that the International Emergency Economic Powers Act doesn't give a president the ability to impose quotas, tariff rate quotas or tariffs on imports.
Although a majority of the Senate voted to end the underlying emergency that allowed the president to impose 25% tariffs on Canadian goods, a vote was blocked in the House.
Lawmakers expressed concerns this week that the Federal Maritime Commission may not have enough resources to continue reforming ocean shipping regulations and enforcing existing shipping laws, particularly after a host of employees resigned from the agency this year.
Two of the lead negotiators in the Cabinet -- Commerce Secretary Howard Lutnick and Treasury Secretary Scott Bessent -- avoided directly answering an interviewer's question about whether 15% is the lowest reciprocal tariff rate trading partners like Taiwan, the EU and South Korea can receive.
The White House says that imports from Japan will be subject to a baseline 15% tariff rate, in a fact sheet published July 23, the day after the president heralded the deal on Truth Social.
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