Israeli Prime Minister Benjamin Netanyahu, at a joint press conference at the White House with President Donald Trump, told reporters: "I said to the president, we will eliminate the trade deficit with the United States. We intend to do it very quickly. We think it's the right thing to do. And we're going to also eliminate trade barriers, variety of trade barriers that have been put up unnecessarily.
White House Council of Economic Advisers Chair Stephen Miran is defending the formula used to impose reciprocal tariffs -- taking the trade deficit, dividing it by the amount of exports to a country, and dividing the result in two.
The Liberty Justice Center, a conservative litigation firm, issued a call for plaintiffs to challenge President Donald Trump's use of the International Emergency Economic Powers Act to impose tariffs on all goods entering the U.S. The group is looking to challenge this use of IEEPA "under the major questions and nondelegation doctrines."
CBP issued the following releases on commercial trade and related matters:
A listing of recent Commerce Department antidumping and countervailing duty messages posted on CBP's website April 4, along with the case number(s) and CBP message number, is provided below. The messages are available by searching for the listed CBP message number at CBP's ADCVD Search page.
CBP is still holding up DJI's shipments of drones into the U.S., according to an interview with a spokesman for the company recounted in a trade publication about commercial unmanned aerial vehicles.
President Donald Trump declared that if China doesn't withdraw its 34% retaliatory tariff hike, "above their already long term trading abuses by tomorrow, April 8th, 2025, the United States will impose ADDITIONAL Tariffs on China of 50%, effective April 9th. Additionally, all talks with China concerning their requested meetings with us will be terminated! Negotiations with other countries, which have also requested meetings, will begin taking place immediately. Thank you for your attention to this matter!"
President Donald Trump posted on social media that "if China does not withdraw its 34% increase above their already long term trading abuses by tomorrow, April 8th, 2025, the United States will impose ADDITIONAL Tariffs on China of 50%, effective April 9th." Also, "all talks with China concerning their requested meetings with us will be terminated!" he said. "Negotiations with other countries, which have also requested meetings, will begin taking place immediately."
A recent rise in tariffs, export controls and other trade actions will lead to rising prices in semiconductor supply chains, said Sree Ramaswamy, former senior adviser to former Commerce Secretary Gina Raimondo.
Latin American countries are quietly breathing a sigh of relief that President Donald Trump's Liberation Day tariffs are focused primarily on other parts of the world, which may even give the region a comparative advantage.