President Donald Trump thinks that by applying a 25% tariff to auto part imports, domestic parts companies will thrive. But 77% of the nearly 1,000 auto supplier companies that belong to MEMA are pessimistic about the next year for their businesses -- and 55% said that government trade policy is the No. 1 threat to financial health.
The Court of International Trade denied a motion from five importers to put an emergency block on President Donald Trump’s reciprocal tariffs, in an order issued late on April 22. CIT Judges Jane Restani, Gary Katzmann and Timothy Reif ruled the five importers haven’t shown that “immediate and irreparable harm” would result from not issuing a temporary restraining order while the court considers the importers’ request for a longer-lasting preliminary injunction.
South Korea's Customs Service has discovered a sharp uptick in country of origin violations for goods headed to the U.S., it announced in an April 21 press release.
President Donald Trump criticized business officials who have said his tariffs actions are damaging, bragged about countries and executives asking for breaks, and made a list of non-tariff cheating he wants countries to end, all on social media over the weekend.
President Donald Trump seemed to say April 17 he doesn’t intend to raise tariffs on China further, and that he might actually be looking to lower them.
The three judges assigned to the case challenging President Donald Trump's use of the International Emergency Economic Powers Act -- Jane Restani, Gary Katzmann and Timothy Reif -- may be poised to rein in the administration's use of the act to impose tariffs, various attorneys told us. Based on their prior jurisprudence and professional backgrounds, the attorneys said, it seems likely the trio may pare back Trump's tariff-setting authority, though it's ultimately unclear to what extent.
The Office of the U.S. Trade Representative is planning a phased-in approach to assessing fees on foreign-built vessels calling at U.S. ports, according to an April 17 announcement unveiling the results of its year-long Section 301 investigation.
Forty-seven senators and representatives, led by Sen. Elizabeth Warren, D-Mass., expressed concern April 16 that the Trump administration’s reciprocal tariff policies negotiations could become a spoils system.
President Donald Trump was set to join talks at the White House with Japan April 16 “to negotiate Tariffs, the cost of military support, and ‘TRADE FAIRNESS,’” he said in a Truth Social post earlier in the day. Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick were also set to attend, he said. “Hopefully something can be worked out which is good (GREAT!) for Japan and the USA!”
The state of California opened a lawsuit in the District Court for the Northern District of California on April 16 against President Donald Trump's ability to use the International Emergency Economic Powers Act to impose tariffs. The two-count complaint claims that Trump acted beyond his statutory authority granted by IEEPA to impose the "reciprocal" tariffs and the tariffs on China, Canada and Mexico, and that Trump's tariff actions usurp legislative authority in violation of the U.S. Constitution (State of California v. Donald J. Trump, N.D. Cal. # 3:25-03372).