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Us Trade Policy

All articles tagged with #us trade policy

US Treads Toward Broad Tariffs on Partners Over Forced-Labor Concerns
business1 month ago

US Treads Toward Broad Tariffs on Partners Over Forced-Labor Concerns

The Trump administration proposed new double‑digit tariffs tied to forced‑labor concerns, with 16 economies facing 10% duties and 44 others at 12.5%; exemptions apply to many products (aircraft parts, food, rare earth minerals) and to Canada/Mexico under USMCA. Public hearings begin July 7, and the tariffs are not immediate, pending reviews. The move aims to replace revenue lost after court challenges to prior tariffs and signals further Section 301 actions, drawing mixed reactions from China and the EU as the administration presses ahead with a global tariff strategy.

via PBS|
#business#forced-labor#international-trade
Court rules Trump’s 10% global tariffs illegal in key setback for trade policy
business2 months ago

Court rules Trump’s 10% global tariffs illegal in key setback for trade policy

A US Court of International Trade ruled that Donald Trump’s 10% global tariffs imposed under Section 122 of the Trade Act of 1974 were unauthorized by law, applying only to the two companies in the case and not suspended broadly. The decision adds to legal headwinds against his trade agenda and hinges on whether balance-of-payments deficits are the same as a trade deficit. The White House did not comment, while ongoing Section 301 investigations could lead to new duties, with the baseline tariff set to expire in late July.

via Financial Times|
#balance-of-payments-deficits#business#court-of-international-trade
WTO reform in limbo as digital tariffs moratorium stalls at Yaoundé talks
world3 months ago

WTO reform in limbo as digital tariffs moratorium stalls at Yaoundé talks

At the four-day WTO ministerial in Yaoundé, negotiators struggle to extend the e-commerce moratorium on digital tariffs as the deadline looms, with the United States pushing for a long horizon, Brazil opposing extensions, and India blocking plurilateral deals; options include a four-year extension with a sunset, a shorter stopgap, or letting the moratorium lapse, a decision that could derail broader reform if consensus cannot be found.

via politico.eu|
#digital-tariffs#e-commerce-moratorium#us-trade-policy
US widens Section 301 push, launching forced-labor probes across about 60 economies
world4 months ago

US widens Section 301 push, launching forced-labor probes across about 60 economies

The United States opened new Section 301(b) trade probes into roughly 60 economies to assess whether governments failed to curb imports of goods made with forced labor. Targets include China, the European Union, India and Mexico, along with a broad list that also covers Australia, Indonesia, Japan, Malaysia, Singapore, South Korea, Switzerland, Thailand and the United Kingdom. Findings could justify tariffs without congressional approval, signaling a renewed push on global trade practices amid ongoing U.S. trade-policy actions and ahead of high-level talks with China.

via CNBC|
#forced-labor#international-trade#section-301
FedEx Demands Full Tariff Refund Following IEEPA Ruling
business4 months ago

FedEx Demands Full Tariff Refund Following IEEPA Ruling

FedEx filed a lawsuit seeking a full refund of all IEEPA-era tariffs paid during the Trump administration after the Supreme Court ruled the president exceeded his authority in imposing the duties; the suit, lodged with the U.S. Court of International Trade via Customs and Border Protection, highlights ongoing legal challenges to tariff costs and follows Costco’s similar filing, as FedEx warned tariffs could hurt 2026 earnings and overall profitability.

via NBC News|
#business#fedex#ieepa
Trump Elevates Global Tariff to 15% in Defiant Trade Push
world4 months ago

Trump Elevates Global Tariff to 15% in Defiant Trade Push

President Trump announced on social media that the global tariff will rise to 15% and take effect immediately, continuing his aggressive tariff strategy after the Supreme Court invalidated earlier duties. The 15% rate replaces the prior 10% rate with some exemptions (agriculture, Canada–Mexico under USMCA, certain Central American deals) and will apply to all other countries, while the administration signals use of other powers like Section 301 and Section 232 for further tariffs. The move aims to pressure allies and rivals to strike favorable terms, but risks higher costs for American consumers and businesses.

via The New York Times|
#global-trade#supreme-court#tariffs
The Unanticipated Resilience of US Economy Amid Trump’s Tariffs
trade-policy6 months ago

The Unanticipated Resilience of US Economy Amid Trump’s Tariffs

The article details the implementation of various tariffs and trade measures by the U.S., including a 10% baseline reciprocal tariff effective April 5, 2025, potential increases to 15-20%, a 40% transshipment penalty, and threatened additional tariffs on digital services taxes and specific country imports like Russian and Venezuelan oil. Several countries have specific rates or exemptions, with ongoing investigations into digital taxes.

via Trade Compliance Resource Hub|
#digital-services-tax#reciprocal-tariffs#tariffs
business8 months ago

Trump restricts Nvidia's AI chip sales to China amid tech independence concerns

U.S. President Donald Trump announced that Nvidia will not be allowed to sell its most advanced AI chips, the Blackwell series, to China, although the company can still deal with Beijing on other levels. Trump emphasized that only the U.S. will have access to these chips, amidst ongoing trade negotiations and a recent trade deal between the U.S. and China. The interview also covered topics like tariffs, the Israel ceasefire, and the Russia-Ukraine conflict.

via Investing.com|
#ai-chips#business#china