The Coalition for a Prosperous America reacted with alarm to Commerce Secretary Howard Lutnick's offer that the U.S. could soften its tariffs on European steel and aluminum if the EU changes its approach to regulating American tech giants.
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.
As CBP ramps up enforcement, the agency often seems to be heading straight for penalties, as witnessed anecdotally by the trend to send out more notices of action, or CF-29 forms, instead of informing importers of possible errors, according to trade experts speaking on a Nov. 20 webinar hosted by logistics company Expeditors.
The Congressional Budget Office updated its estimate of how much tariffs would reduce the federal deficit, if they stayed in place for 10 years, now saying they would reduce it by $2.5 trillion rather than $3.3 trillion (not counting saved interest costs).
Democrats on the House Small Business Committee said tariffs are leading to a decline in the manufacturing sector, with mixed reactions from the witnesses at a "How Main Street is Revitalizing Manufacturing" hearing.
The following lawsuits were filed at the Court of International Trade during the week of Nov. 10-16:
As importers seek to recover the monies they paid in tariffs due to discovering they overpaid or because the Supreme Court may potentially rule that the International Emergency Economic Powers Act tariffs aren't valid, there are a number of pain points that they may be facing now or will be facing, according to panelists speaking on a Nov. 18 webinar hosted by KPMG.
United Autoworkers labor union members from John Deere and Caterpillar visited the Commerce Department last week, asking the agency to launch a Section 232 investigation on imports of heavy machinery and equipment.
Trade experts -- including the chief negotiator for the U.S.-South Korea free trade agreement -- were puzzled by language in a joint statement on the recent Korea tariff deal Nov. 15.
The White House released a fact sheet Nov. 13 confirming details of the recent U.S.-South Korea tariff deal.