Jeffrey Gerrish, former deputy U.S. trade representative for Asia, Europe and the Middle East, told the House Ways and Means Trade Subcommittee that the time has come to undo the "colossal mistake" of granting permanent normal trading status.
President Donald Trump exaggerated the death toll of fentanyl overdoses while discussing tariffs at a White House Cabinet meeting Feb. 26, and said, "I'm going to be very hard to satisfy" on whether Mexico and Canada have done enough to stop fentanyl smuggling at their respective borders.
President Donald Trump, when asked about whether Canada and Mexico had done enough on the border to be spared 25% tariffs on their goods, went on a rant about how the U.S. has been taken advantage of by its trading partners, and said that reciprocal tariffs will go forward.
President Donald Trump, when asked about whether Canada and Mexico had done enough on the border to be spared 25% tariffs on their goods, went on a rant about how the U.S. has been taken advantage of by its trading partners, and said that reciprocal tariffs will go forward.
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President Donald Trump directed the Commerce Department to launch a Section 232 investigation on copper and copper products, which will cover the effect of imports of copper, copper concentrates, refined copper, copper alloys, scrap copper and copper derivative products on national security -- specifically, how they affect domestic copper mining, smelting and refining. The investigation is not limited to those categories; as the order says, it should look at "imports of copper in all forms."
The Transatlantic Consumer Dialogue (TACD), a forum of U.S. and EU consumer organizations, issued a statement Feb. 24 urging the Trump administration to cease threatening tariffs on the European Union.
The Alliance for Chemical Distribution asked the Trump administration to support a renewal of the Generalized System of Preferences benefits program in Congress. The GSP program has been expired for more than four years.
The reciprocal tariffs the Trump administration has promised will present a challenge for CBP to enforce, trade lawyers said during a webinar presented by Baker McKenzie on Feb. 20.
Kevin Hassett, a top economic adviser who returned for President Donald Trump's second term, told reporters at the White House on Feb. 21 that he and Commerce Secretary Howard Lutnick had just met with top Mexican officials about fentanyl and about reciprocal trade.