Among more than 700 submissions to the Office of the U.S. Trade Representative -- as the administration seeks to quantify the cost to American exporters and producers of trade barriers and unfair subsidies -- were just over a dozen from trade groups representing foreign companies, American chambers of commerce specific to foreign markets, and foreign governments.
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President Donald Trump said the U.S. will "shortly" respond to EU retaliatory tariffs on U.S. whiskey with a 200% tariff on EU alcoholic beverages, including wine and champagne, if the EU whiskey tariff -- set to take effect April 1 -- isn't removed.
The EU and Canada announced retaliatory tariffs against the U.S. this week, targeting billions of dollars' worth of American exports in response to what they said were unjustified global 25% steel and aluminum duties imposed by the Trump administration. Other nations also criticized the U.S. tariffs as they mulled countermeasures of their own.
During a visit by Irish Prime Minister Michael Martin, President Donald Trump brushed away Martin's comments about Irish companies buying Boeing planes and hiring in the U.S. "There's a massive deficit. I don't mean by a little bit," he said, referring to the trade in goods between Ireland and the U.S. "We want to sort of even that out as nicely as we can. We don't want to do anything to hurt Ireland, but we want fairness," he said.
Two Section 232 investigations launched March 10 by the Commerce Department -- one on copper, the other on lumber -- serve as harbingers of potentially more trade activity to come, attorneys with the law firm Pillsbury said during a webinar on "DC Disrupted: Upcoming Tariffs & Trade Actions," said after notices seeking comments on the investigations had been posted.
Elevated import volumes at major U.S. ports could persist through this spring "amid continuing tariff turmoil" before volumes face potential year-over-year drops over the summer, according to the National Retail Federation and Hackett Associates.
The United States is interested in negotiating a new free trade agreement with India, Commerce Secretary Howard Lutnick told an Indian audience on March 8.
Commerce Secretary Howard Lutnick said the tariffs that the president threatened over Canadian trade policies for dairy and lumber won't come this week, as the president had said two days earlier.
President Donald Trump told reporters that a 250% tariff on dairy products imported into Canada makes it impossible to sell U.S. dairy there, and that "a tremendously high tariff" on lumber in Canada also makes it impossible to export that product to Canada. He called U.S. exports to Canada in those two categories "almost nonexistent." He said he is going to set U.S. tariffs at the same levels.
President Donald Trump is excluding Canadian and Mexican exports from 10% or 25% duties that began March 4, as long as those goods can qualify for USMCA benefits. The change starts at 12:01 a.m. March 7.