Improving trade for U.S. cars in Europe is "clearly the priority" for American trade negotiators, according to European Union Trade Commissioner Maros Sefcovic, who had a four-hour meeting Feb. 19 with U.S. Commerce Secretary Howard Lutnick, U.S. trade representative nominee Jamieson Greer and Kevin Hassett, director of the National Economic Council.
Howard Lutnick is now the commerce secretary, after the Senate voted 51-45 to confirm him the evening of Feb. 18. All the Republicans present at the time of the vote endorsed Lutnick.
Democrats from the Pacific Northwest, California, Illinois, New York and Colorado say wineries are already being harmed as province-run liquor stores in Canada ban American wines from their shelves due to the 25% tariff threat over migration, now in abeyance.
President Donald Trump said that he will "probably" say more about the scope of tariffs on cars "on April 2, but it'll be in the neighborhood of 25%," in response to a question at a press conference Feb. 18.
Correction: Steel and steel derivatives from Turkey will for the time being only face 25% Section 232 tariffs, unchanged from before President Donald Trump’s Feb. 11 proclamation upping tariffs for some countries and a new list of derivative products (see 2502140025 and 2502140066).
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President Donald Trump's plan to remove the de minimis exemption from goods made in China and Hong Kong may just be the start of a bigger push to remove that exemption from other countries, according to trade experts speaking during a Feb. 13 webinar sponsored by ShipHero, a warehouse management system provider for e-commerce and third-party logistics firms.
India and the U.S. will negotiate a bilateral trade agreement that will cover multiple sectors in tranches, with the first aiming for completion in the fall of 2025, President Donald Trump and Indian Prime Minister Narendra Modi said in their joint statement, released after their meeting Feb. 13.
In a Feb. 14 email alert to members, the National Customs Brokers & Forwarders Association of America warned that CBP has accepted some entries made by members even though those entries don't have proper duty calculations or new import duties on China that were mandated under President Donald Trump's executive order last week.
The EU chairman of the Committee for International Trade and a former U.S. trade representative predicted that the trade dispute between the U.S. and the EU is unlikely to subside soon due to "fundamental disagreements" over economic policy.