European collaboration with the U.S. on trade-related policies and other issues likely will become more difficult when President-elect Donald Trump returns to the White House in January, a former Swedish government official said Nov. 7.
LIVONIA, Michigan -- The consuls general of Mexico and Canada in Detroit encouraged auto industry players to lobby the next administration, to let it know that tariffs on Canadian and Mexican goods would be disruptive to the integrated auto industry, and to push for the administration to comply with a panel ruling on auto rules of origin.
As Donald Trump returns to the White House in January, a short-term spike in import volumes at U.S. ports is inevitable, given the president-elect's strident stance on tariffs, some logistics experts say.
President-elect Donald Trump's love of tariffs was the through line of his campaigns and his first administration, but a consultant and a think tank scholar say that how exactly he will hike duties next year -- on what products, from which countries and how high -- are unknowable.
Maros Sefcovic of Slovakia, the EU’s candidate for trade and economic security commissioner, said this week he would “double down” on defending European industry against “increasingly widespread” unfair practices.
Donald Trump, at a campaign rally in North Carolina, said that he'll tell the Mexican president that, if her administration doesn't "stop this onslaught of criminals and drugs coming into our country," he will "immediately impose a 25% tariff on everything they send in to the United States of America."
Although the EU ambassador emphasized all the ways that the EU and the U.S. coordinate on trade, a panelist discussing the future of the U.S.-EU trade relationship demonstrated the ways the two economic powers talk past each other at times.
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If a reelected President Donald Trump uses the existing Section 301 tariffs program to hike tariffs on all Chinese goods by at least 60%, that's likely to survive a court challenge, said two law professors who spoke during a Washington International Trade Association webinar on the executive branch's ability to make deals and impose trade restrictions without congressional say-so.
Because China makes 90% of anode and cathode materials, and dominates processing of critical minerals, no matter where they are mined, recent hikes in tariffs on Chinese minerals will do little, trade experts agreed.