Three Senate Democrats have introduced a bill to remove the president's ability to impose tariffs under the International Emergency Economic Powers Act, a companion bill to one introduced in the House, which also only had Democratic sponsors (see 2501160069).
President Donald Trump railed against the trade stance of the European Union, as he often has, as he talked about tariffs and trade deficits with reporters as he signed executive orders on the first day of his second term.
On his first day in office, the president directed the heads of agencies that deal with trade, tariff collection and trade remedies to:
Scott Bessent, President-elect Donald Trump's nominee for treasury secretary, told the Senate Finance Committee that they should think about how tariffs will be deployed by thinking of three categories.
The Coalition for a Prosperous America, an advocacy group aligned with President-elect Donald Trump's trade and manufacturing policies, is calling on his administration to reinstate Section 232 tariffs on Mexican steel. "If Mexico continues to breach its commitments, CPA urges the Trump administration to reconsider Mexico’s participation in USMCA altogether," the group wrote in a release issued Jan. 10.
The following lawsuits were filed at the Court of International Trade during the weeks of Dec. 16-22 and 23-29:
The exclusion process for Section 301 tariffs was understandable in one regard -- requests for goods linked to China's technology supremacy strategy known as Made in China 2025 were less likely to be successful.
President Joe Biden nominated Jim Coughlan, the Export-Import Bank's general counsel, and Haile Craig, a Republican nominee, for the International Trade Commission on Nov 21.
A past trade staffer from the Senate Finance Committee said that if Congress wanted to write tariffs into law in order to use that revenue as a partial pay-for in tax cut extensions, those tariffs would likely wait until January 2026, as that's when the tax laws would take effect.
LIVONIA, Michigan -- The consuls general of Mexico and Canada in Detroit encouraged auto industry players to lobby the next administration, to let it know that tariffs on Canadian and Mexican goods would be disruptive to the integrated auto industry, and to push for the administration to comply with a panel ruling on auto rules of origin.