Although deals have not been announced with South Korea, Mexico or Canada -- some of the biggest trading partners for the U.S. -- U.S. Trade Representative Jamieson Greer told CNBC that, "we don't feel any pressure to have deals" ahead of Aug. 1, when tariffs are slated to go up on all countries that have goods trade deficits with the U.S."
At a press conference in Scotland, President Donald Trump told local reporters that adjustments to the 25% tariff charged on British steel and aluminum would be known "pretty soon."
President Donald Trump said he's no longer giving Russia 50 days, until Sept. 2, to stop its war in Ukraine or face trade measures. He told reporters in Scotland on July 28, "I'm going to make a new deadline of about 10 or 12 days from today. There's no reason in waiting," he said. "We just don't see any progress being made."
The Court of International Trade on July 28 denied importer Detroit Axle's motion for a preliminary injunction against President Donald Trump's decision to end the de minimis threshold on goods from China, which was made under the International Emergency Economic Powers Act. Judges Gary Katzmann, Timothy Reif and Jane Restani said they already have granted all the relief the importer is seeking, though the U.S. Court of Appeals for the Federal Circuit stayed that relief.
President Donald Trump, speaking to reporters in Scotland July 28, said that he expects the global tariff for small countries to be "in the range of 15 to 20%."
European Commission President Ursula von der Leyen said "all aircraft and component parts, certain chemicals, certain generics, semiconductor equipment, certain agricultural products, natural resources and critical raw materials" from EU countries will be duty-free in the U.S. as part of a trade deal between the two sides.
President Donald Trump said "the tariff -- straight across for automobiles, and everything else -- will be 15%," as he announced a trade deal with the EU in Scotland July 27.
The EU on July 24 published an updated list of retaliatory tariffs it may impose against the U.S. in case it can't reach an agreement with the Trump administration to reverse threatened U.S. duties on steel, aluminum, cars and other goods (see 2507140040). The list includes more than 200 pages of commodity codes, with increased duties of up to 30% on agricultural goods, aircraft, cars, medical devices and electronics. The retaliatory duties will take effect Aug. 7 if the two sides don't come to a solution, the EU said.
Reps. Celeste Maloy and Burgess Owens, two Republicans from Ohio, asked the Office of the U.S. Trade Representative this week to open a safeguard investigation on imports of lamb and mutton. They said Utah sheep ranchers will be submitting a new Section 201 petition to the International Trade Commission.
The Congressional Dads Caucus introduced a package of six bills this week that would, if passed, remove baby formula, high chairs, baby bottles, baby clothing, cribs, car seats and other goods for babies from both reciprocal tariff and fentanyl tariff actions.