The first class-action lawsuit against the president’s International Emergency Economic Powers Act tariffs was filed Nov. 4 at the U.S. District Court for the District of Columbia (Smirk & Dagger Games v. Donald J. Trump, D.D.C. # 1:25-03857).
Two Trump appointees, along with the three liberal justices, had sharp questions for the Trump administration's advocate as the Supreme Court held a nearly three-hour hearing on the constitutionality of tariffs imposed around the world under the International Emergency Economic Powers Act.
President Donald Trump issued an executive order on Nov. 4 implementing a cut in the International Emergency Economic Powers Act fentanyl tariffs on China to 10%. The tariff cut takes effect Nov. 10, as expected (see 2511030005).
As the Office of the U.S. Trade Representative considers whether the U.S. wants to continue the USMCA, it will evaluate more than 1,500 comments from farmers, manufacturers, retailers, civic society and broad business interests that operate in all three countries.
Treasury Secretary Scott Bessent, in two TV interviews, praised the president's trade diplomacy in Asia, and said "a price has got to be paid" for Ontario's ad quoting former President Ronald Reagan in support of free trade.
President Donald Trump said he "got sort of everything that we wanted" out of the meeting last week with Chinese President Xi Jinping, adding later that, "Because of tariffs, President Xi allowed us to win every single point."
President Donald Trump won't attend the oral arguments at the Supreme Court over the legality of his use of the International Emergency Economic Powers Act to levy tariffs on countries around the world, he announced Nov. 2.
NEWPORT, R.I. -- The Trump administration appears to be ditching the standard of reasonable care by importers in favor of strict compliance when enforcing customs violations, trade lawyer David Murphy said at the Coalition of New England Companies for Trade's (CONECT) Northeast Trade and Transportation Conference on Oct. 29.
The U.S. will drop tariffs on Chinese goods by 10 percentage points on Nov. 10, and also will stop collecting ship-docking fees under the Section 301 action on shipbuilding on that date, the administration announced over the weekend. The fees are suspended for one year.
Asia Society think tank experts, in an analysis of President Donald Trump's visit in Malaysia, Japan and Korea, called the trip very successful.