Although China agreed to temporarily suspend its sweeping rare earth export restrictions, the threat of those controls returning appears likely, said Jude Blanchette, director of the Rand China Research Center.
President Donald Trump continues to argue that the Supreme Court will rule that his emergency tariffs are constitutional, and that the promises of investments from South Korea, Japan and the EU would evaporate without the 15% tariffs he imposed on their exports.
NEW YORK -- Although the president's obsession with domestic manufacturing doesn't extend to apparel, there are no signs the administration will adjust tariff policy to make clothing imports more affordable, or even adjust rules of origin to privilege nearshoring, an old Washington hand told the U.S. Fashion Industry Association annual conference audience.
Several Democratic senators talked about their legislative efforts to rein in President Donald Trump's sweeping tariff hikes the same day that the Supreme Court grappled with the question of whether Congress gave away too much of its power to the president to set tariffs.
International Trade Today is providing readers with the top stories from last week in case they were missed. All articles can be found by searching on the titles or by clicking on the hyperlinked reference number.
NEW YORK -- Apparel import compliance professionals more used to thinking about bills of lading and purchase orders than the major questions doctrine had their hopes raised -- and dashed -- at the annual U.S. Fashion Industry Association conference.
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.