Both on social media and during a press conference, President Donald Trump said China has not fulfilled its promises offered as part of the de-escalation from 145% U.S. tariffs and 125% Chinese tariffs.
The end of reciprocal tariffs and tariffs imposed over fentanyl smuggling from China, Canada and Mexico is on hold until an appellate court decides if the use of the International Emergency Economic Powers Act was illegal for those purposes.
The Commerce Department, after suggesting that the import of semiconductors, products containing semiconductors, and equipment and inputs used to make chips could be making the U.S. vulnerable to supply chain disruptions, is now hearing from dozens of stakeholders who say the administration has it completely backwards. Time after time, in more than 150 submitted comments for the Section 232 investigation, stakeholders said imposing tariffs is what would lead to shortages, manufacturing woes, and a loss of competitiveness in the design and manufacture of chips.
President Donald Trump, after speaking to European Commission President Ursula von der Leyen on May 25, said it would be his "privilege" to give talks between the EU and the U.S. the same runway as other talks to avoid a hike in reciprocal tariffs.
President Donald Trump elaborated on his tariff intentions with reporters in the White House, after posting online earlier in the day that 50% tariffs would begin on EU exports on June 1, and that he would be imposing a 25% tariff on imported iPhones.
The Commerce Department issued notices in the Federal Register on its recently initiated antidumping duty investigations on silicon metal from Angola (A-762-001), Australia (A-602-813), Laos (A-553-001) and Norway (A-403-806), as well as its countervailing duty investigations on silicon metal from Australia (C-602-814), Laos (C-553-002), Norway (C-403-807) and Thailand (C-549-856). The CVD investigations cover entries for calendar year 2024. The AD investigations cover entries April 1, 2024, through March 31, 2025.
The Bureau of Industry and Security is looking to continue moving away from proposed rulemakings and instead issue most new rules as interim final or final, said two people with knowledge of the agency’s plans.
Section 232 investigations are "moving much, much quicker" in the second Trump administration, trade lawyer Daniel Cannistra said May 14 on a podcast.
The EU is prepared to impose retaliatory tariffs on U.S. aircraft and bourbon to avoid "just being a market for U.S. products," an EU trade official said on May 15.
Trade groups representing three strong exporting sectors -- soybeans, semiconductors and medical devices -- and an expert in critical minerals trade all told the Senate Finance Committee that higher tariffs on all countries and products, and constantly changing tariff policy, aren't good for American competitiveness.