International Trade Today is providing readers with the top stories from last week in case they were missed. All articles can be found by searching on the titles or by clicking on the hyperlinked reference number.
A bipartisan bill has been introduced in the House that would require that the minimum tariff charged on Chinese goods be 35%, that tariffs higher than 35% in Column 2 of HTS be applied to some Chinese imports, 100% tariffs on hundreds of items on the Section 301 target list, and that the bound rates for U.S. tariffs, as declared at the World Trade Organization, should be changed to Column 2 for all countries.
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.
Former Pennsylvania Sen. Pat Toomey, who voted against USMCA because he felt it moved too much in the direction of managed trade, told an audience at a Council on Foreign Relations event Jan. 23 that, despite all of his talk of tariffs, "a lot of folks will be surprised at the extent to which President [Donald] Trump will pursue broad, aggressive tariffs."
The following lawsuits were filed at the Court of International Trade during the week of Jan. 13-19:
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:
Two Democrats on the Senate Finance Committee asked Commerce Secretary nominee Howard Lutnick and U.S. Trade Representative nominee Jamieson Greer to "commit to putting in place a transparent and objective process that protects America’s small businesses and workers" if they decide to grant exclusions to new tariffs imposed by Donald Trump.
The Office of the U.S. Trade Representative concluded that China's intervention in its shipbuilding and logistics sectors -- and its plans for dominance in shipbuilding -- unreasonably burden and restrict U.S. commerce.