The ability to import low-value packages duty-free will end for goods from around the world on Aug. 29, the president declared in an executive order July 30.
President Donald Trump, in a July 30 social media post, said that he had "agreed to a Full and Complete Trade Deal with the Republic of Korea. The Deal is that South Korea will give to the United States $350 Billion Dollars for Investments owned and controlled by the United States, and selected by myself, as President. Additionally, South Korea will purchase $100 Billion Dollars of LNG, or other Energy products and, further, South Korea has agreed to invest a large sum of money for their Investment purposes."
President Donald Trump said July 30 that Indian goods will face a 25% tariff, plus an unspecified penalty, for buying Russian energy and military equipment "at a time when everyone wants Russia to STOP THE KILLING IN UKRAINE... ."
The scope of the Section 232 copper tariffs is narrower than was expected, as the 50% rate only applies to semi-finished copper products, such as copper pipes, wires, rods, sheets, and tubes, and products that use a lot of copper, such as pipe fittings, cables, connector and electrical components -- not to copper ores, concentrates, mattes, cathodes, anodes, or copper scrap.
President Donald Trump, invoking the International Emergency Economic Powers Act, is imposing an additional 40% duty on some imports from Brazil, bringing the total tariff rate to 50%.
The Court of International Trade on July 29 denied importers Johanna Foods' and Johanna Beverage Company's application for a temporary restraining order against President Donald Trump's threatened 50% tariff on Brazil. Judge Timothy Reif held that the "indefiniteness of the threatened action," which Trump said will take effect on Aug. 1, "dooms" the importers' "request for emergency relief in the form of a TRO." The judge said neither Trump nor any agency "has taken final action that is subject to judicial review by this Court."
The ability to buy low-value goods from outside the U.S. and avoid duties will end Aug. 29. President Donald Trump signed an executive order effecting the change, but it hasn't been published yet.
President Donald Trump proclaimed that semi-finished copper products and copper derivative products will be subject to a 50% tariff starting at 12:01 a.m. EDT Aug. 1.
The U.S. is imposing an additional 40% duty on certain imports from Brazil, according to a new executive order released by the White House, bringing the total tariff rate to 50%. Trump, invoking the International Emergency Economic Powers Act, said the duties are in response to policies, practices, and actions of the Brazilian government that threaten the national security, foreign policy and economy of the U.S.
A July benchmarking survey from the U.S. Fashion Industry Association found that executives from 25 leading U.S. fashion companies have been diversifying their sourcing as part of a wider strategy to hedge against higher tariffs and U.S. trade policy uncertainties.