Rep. Jill Tokuda, D-Hawaii, introduced a bill that would eliminate reciprocal tariffs on 40 countries, including Vietnam, Japan, South Korea, India, Indonesia, the Philippines, Taiwan, Australia, Cambodia, Malaysia, Bangladesh, New Zealand, Thailand and others in Asia.
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Commerce Secretary Howard Lutnick, speaking after a 90-minute meeting with EU and member country counterparts, explicitly linked changes in digital regulation in the EU to relief on 50% tariffs on steel, aluminum and their derivatives, where the value of the metal is taxed.
Correction: Only two subheadings, 3301.12.00 and 3301.90.50, which cover some fertilizers and essential oils, were listed under new exemptions for 40% additional tariffs from Brazil but aren't exempt from reciprocal tariffs. The other minor differences between the two lists account for existing tariff exemptions (see 2511210001).
President Donald Trump issued an executive order Nov. 20 exempting 238 tariff schedule subheadings covering agricultural products from the 40% additional International Emergency Economic Powers Act tariff on Brazil. The new exemptions take retroactive effect Nov. 13 at 12:01 a.m ET.
President Donald Trump issued an executive order Nov. 20 exempting 238 tariff schedule subheadings covering agricultural products from the 40% additional International Emergency Economic Powers Act tariff on Brazil. The new exemptions take retroactive effect Nov. 13 at 12:01 a.m ET.
President Donald Trump, speaking at a Saudi investment forum, said that if the Supreme Court rules against the use of national emergency authorities to impose reciprocal tariffs, the administration will manage.
India's Commerce Secretary Rajesh Agrawal, the lead negotiator on the trade deal with the U.S., told reporters in New Delhi on Nov. 17, "We should get a closure soon."
Sponsors of the No Coffee Tax Act lauded the president's decision to roll back reciprocal tariffs on coffee, but Sen. Catherine Cortez-Masto, D-Nev., noted that the additional 40% tariffs on Brazilian coffee were unchanged. She said Nov. 17 that Brazil is the top source of American coffee.
The bipartisan group of senators that demanded votes to terminate the emergencies that underlie reciprocal tariffs, Brazil tariffs and Canada tariffs wrote to House Speaker Mike Johnson, urging him to schedule the same votes in his chamber.