The Office of the U.S. Trade Representative, in preparation for its April Special 301 Report on countries that don't provide adequate protection of intellectual property rights, is seeking comments as well as requests to testify at a Feb. 19 hearing.
If incoming President Donald Trump imposes 25% tariffs on all Mexican and Canadian imports, it would be deeply disruptive to business in Texas, Arizona, Michigan and southeastern states with major auto manufacturing.
Facing Fentanyl, the Victims of Illicit Drugs and Families Against Fentanyl withdrew their Section 301 petition that asked the U.S. Trade Representative to double the 25% tariffs on Section 301 tariffs on lists 1 and 2 and asked the government to exclude Chinese goods from de minimis (see 2410180039).
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The former chief of staff to then-U.S. Trade Representative Robert Lighthizer has been chosen for USTR in Donald Trump's second administration.
The exclusion process for Section 301 tariffs was understandable in one regard -- requests for goods linked to China's technology supremacy strategy known as Made in China 2025 were less likely to be successful.
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President-elect Donald Trump's Treasury Secretary nominee, hedge fund CEO Scott Bessent, has talked about tariffs as a way to "escalate to de-escalate," with the goal of "getting rid of all the tariffs."
President-elect Donald Trump will nominate billionaire businessman Howard Lutnick to be Commerce Department secretary, Trump announced Nov. 19. "He will lead our tariff and trade agenda, with additional direct responsibility for the Office of the United States Trade Representative," Trump said in a statement.
In addition to tariff hikes expected in 2025, trade experts are also thinking about the 2026 review of USMCA, and the investment and supply chain planning uncertainty that is likely to follow.