Tariffs cause ripple effects throughout the international trade and business communities beyond just the levies on goods at the time of entry, experts said during a Zencargo "Tariff Talk" webinar on March 31.
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Sen. Tim Kaine, D-Va., called on the Senate to revoke what he called "the fake emergency" of drug smuggling and migration across the Canadian border, the pretext for imposing 25% tariffs on most Canadian goods and 10% tariffs on energy and potash fertilizer.
To date, no major lawsuits challenging any of the new tariff actions taken by President Donald Trump have been filed. The reasons for that include high legal hurdles to success and inconsistency in the implementation of the tariffs, trade lawyers told us.
Robust communication with importers’ suppliers, as well as using publicly available alternative data sets, are two ways that companies can ensure UFPLA compliance, especially in an environment of uncertainty about how much the White House will focus on forced labor in the supply chain, according to speakers participating on two webinars hosted by Kharon last week.
President Donald Trump, in interviews with "Meet the Press" over the weekend, said a 25% tariff on purchasers of Russian oil could happen at any moment if he decides Russia is the impediment to peace in Ukraine.
Authorities in Beijing watching the Trump administration "sabotage itself" with tariffs on allies and redefinition of the international order are in no hurry to establish a U.S.-China trade deal, experts said at a March 31 event.
President Donald Trump, talking to reporters in the Oval Office, declined to say whether tariffs would be tailored to individual countries, or there would be a universal rate on all imports, saying that he'll let them know either Tuesday night, or probably April 2.
Five Democrats on the House Ways and Means Committee introduced a bill this week that would repeal Section 338 of the Tariff Act of 1930, which allows a president to impose 50% tariffs on trading partners if they're deemed to be discriminating against U.S. products. It doesn't require the president to disclose the evidence of discrimination.
Sen. Tim Kaine, D-Va., the leader on a push to revoke the emergency underlying 25% tariffs on many Canadian goods and 10% tariffs on Canadian energy, said his resolution will get a vote on April 1.