Imposing tariffs on the European Union at the same time you're insisting that the continent spend more on its own defense undermines that request, Sen. Jeanne Shaheen, D-N.H., and two Democratic colleagues told the president in a letter last week. That's because even a 10% tariff on EU exports will stifle its economy, they argued.
President Donald Trump reacted to a Walmart earnings call that warned prices will go up as a result of recent tariffs, saying on social media: "Walmart should STOP trying to blame Tariffs as the reason for raising prices throughout the chain. Walmart made BILLIONS OF DOLLARS last year, far more than expected. Between Walmart and China they should, as is said, 'EAT THE TARIFFS,' and not charge valued customers ANYTHING. I’ll be watching, and so will your customers!!!"
Vice President JD Vance, meeting with the European Commission President Ursula von der Leyen, said that "of course, we have some disagreements on things like trade," but that he hopes their conversation "will be the beginning of some long-term trade negotiations and some long-term trade advantages between both Europe and the United States."
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 May 16, 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.
The Commerce Department estimates that automakers will be able to save about $10 billion annually in tariffs on USMCA-qualifying cars, trucks and minivans imported from Canada or Mexico by submitting documentation to the International Trade Commission about the U.S. content in those vehicles. However, that estimate assumes that 25% tariffs on imported cars do not change the buying patterns of U.S. consumers, nor the production choices of automakers.
The Bureau of Industry and Security is looking to continue moving away from proposed rulemakings and instead issue most new rules as interim final or final, said two people with knowledge of the agency’s plans.
Gibson Dunn brought a suit to the Court of International Trade on behalf of a small Michigan-based importer, Detroit Axle, to challenge President Donald Trump's revocation of the de minimis threshold for Chinese goods. The complaint, filed on May 16, argues that Trump exceeded his statutory authority in eliminating de minimis for goods from China and acted arbitrarily and capriciously in violation of the Administrative Procedure Act (Axle of Dearborn, d/b/a Detroit Axle v. Dep't of Commerce, CIT # 25-00091).
Five senators, both Republicans and Democrats, asked Jamieson Greer, then the U.S. trade representative nominee, to advocate for a formal exclusion process to tariffs, as was done for the Section 301 tariffs in Trump's first term. These written exchanges were recently posted at the Senate Finance Committee website, long after Greer's confirmation vote.
Section 232 investigations are "moving much, much quicker" in the second Trump administration, trade lawyer Daniel Cannistra said May 14 on a podcast.