Treasury Secretary Janet Yellen, without naming Trump, criticized his economic approach, saying a broad-based tariff would be like a sales tax.
Republican presidential candidate Donald Trump is likely to react “more negatively and more directly” than his Democratic rival, Vice President Kamala Harris, to the EU’s plan to start taxing carbon-intensive imports, a former U.S. trade official said Oct. 17.
Officials from Squire Patton Boggs said that if Donald Trump returns to the presidency, a 10% tariff or higher on a vast swath of imports could come very quickly, but what wouldn't be subject to the tariffs is not yet clear.
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.
The Office of the U.S. Trade Representative opened a portal to be used for submitting exclusion requests for industrial machinery outside the solar sector.
Less than a month from the election, Cleveland-Cliffs CEO Lourenco Goncalves invited U.S. Trade Representative Katherine Tai, Rep. Chrissy Houlahan, D-Pa., and Acting Labor Secretary Julie Su to speak at his company's Coatesville, Pennsylvania, mill about how recent policy has supported steelworkers.
Think tank scholars from Cato Institute, a libertarian organization, say the best chance for preventing a 20% tariff on all non-Chinese imports and a 60% tariff on Chinese imports is for Congress to curtail the executive's power to impose tariffs during the upcoming lame-duck session.
Felicia Pullam, executive director of trade relations at CBP, defended the administration's proposal to end de minimis eligibility for goods subject to Section 301 tariffs as workable, arguing that charging a $2 fee per de minimis package will allow the agency to hire more staff to screen for contraband, and pushing back on industry arguments that collecting tariffs on low-value packages costs the agency more than that revenue.
The following lawsuits were filed at the Court of International Trade during the week of Sept. 30 - Oct. 6:
Claimed price reductions related to changes in packaging costs for Chinese-origin packaged power units for electronic vaporizing devices may not be considered when determining the transaction value of the imported good, according to a recently released CBP ruling.