Experts invited by Georgetown Law's Center on Inclusive Trade and Development to talk about U.S.-China relations said a truce in the Trump trade war that has continued under President Joe Biden is unlikely, and that the trade war may intensify, no matter who the next president is.
Five senators, from both parties, want to end the 15% tariff on titanium sponge for most favored nations, and introduced a bill to change the tariff line.
House Ways and Means Committee members, in hallway interviews at the Capitol, said they're concerned that the Senate's unwillingness to take up a tax package that passed the House with more than 350 votes will delay movement on bringing back the Generalized System of Preferences trade benefits program.
If Donald Trump is elected to a second presidential term, his administration should focus on communicating better with other governments and American companies about upcoming policy decisions, said Elisabeth Braw, a senior fellow with the Atlantic Council’s Transatlantic Security Initiative.
The Senate passed a resolution that could undo the USDA's approval of imported Paraguayan beef, if the House also votes to end these imports by a veto-proof margin.
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At a political rally in the Dayton, Ohio, suburbs, former President Donald Trump addressed Chinese President Xi Jinping with a threat that if Chinese firms open car assembly plants in Mexico, the U.S. will put a 100% tariff on their products.
A House member who is running for the Senate in Indiana asked the Commerce Department to initiate an investigation on the import of electric vehicles and electric vehicle batteries made anywhere in the world.
Ten senators have introduced a bill to require that the administration reinstate 25% tariffs on Mexican steel imports for at least one year, because they say that Mexico is not honoring the 2019 agreement that lifted Section 232 tariffs on Mexico and Canada. A companion bill was also introduced in the House.
Former President Donald Trump defended his proposal to increase tariffs on all imports by 10% (see 2308290005), saying it would incentivize American and foreign companies to build factories in the U.S. instead of other countries.