Peter Navarro, a trade adviser to President Donald Trump who was known as a China hawk when he served in the president's first administration, said the Commerce Department will be conducting Section 232 investigations on how the steel and aluminum actions should be adjusted, and how imports of critical minerals and essential medicines "are harming [our] ability to produce" those goods.
Two Democrats have introduced a bill in the Senate that, if it becomes law, would prevent a president from levying tariffs on free-trade partners, on NATO members and on major non-NATO allies without congressional approval.
Trump Says Tariffs Will Be Hiked on Oil Next Month and Steel, Aluminum Tariffs Going Higher; EU Next
President Donald Trump told reporters that his administration plans to put tariffs on oil and gas, and on items related to semiconductor chips and pharmaceuticals, and he gave more details about previously threatened tariffs on steel, aluminum and copper.
President Donald Trump told reporters that there are no concessions Mexico, Canada or China could make to avoid tariffs on Feb. 1, which he wants to use to punish them for trade deficits, fentanyl trafficking, and, in the case of Canada and Mexico, migration across their borders.
Commerce secretary nominee Howard Lutnick vigorously defended the prospect of imposing tariffs on all goods from places like the EU, Japan or South Korea during his confirmation hearing Jan. 29, saying those countries deserve it, as they either use food safety rules to protect their farmers, put up barriers to American car imports, or undercut American manufacturing with their exports of manufactured goods.
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President Donald Trump announced his intention to use tariffs to force countries to accept planes full of their deported citizens, as well as new sector specific targets beyond steel and aluminum.
North America trade expert Dan Ujczo, from Thompson Hine, was expecting 25% tariffs on Canada and Mexico to begin Jan. 20.
The Trump administration could be laying the groundwork to take broad and sweeping action on trade policy around April 1 when an internal review on U.S. trade policy is due, according to trade lawyers from Barnes Richardson.
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).