President Trump is “not looking for a deal” with the European Union after vowing to impose 50 percent tariffs on goods from the bloc, he told reporters at the White House after Treasury Secretary Scott Bessent said the threat stemmed from EU officials’ failure to negotiate “in good faith.”
May 23, 2025
World Trade Online
The Office of the U.S. Trade Representative is seeking public input on discriminatory policies or practices that are suppressing pharmaceutical prices in other countries following President Trump’s executive order earlier this month.
The 2025 budget bill passed by the House on Thursday includes provisions saying the U.S. must impose higher taxes on countries with “unfair foreign taxes,” including digital services taxes -- frequent targets of the Office of the U.S. Trade Representative in recent years.
President Trump is “recommending a straight 50% Tariff” on goods from the European Union that would take effect June 1 because U.S.-EU trade negotiations “are going nowhere,” he said on Friday, despite reports that the bloc sent a fresh offer to Washington this week.
Tariffs on semiconductors would deter foreign investment, hinder onshoring efforts and ultimately weaken U.S. national security, foreign governments and companies based abroad told the Commerce Department this month.
The U.S. International Trade Commission has launched a factfinding investigation into the global nonfat milk solids market following a request by U.S. Trade Representative Jamieson Greer that highlights Canada’s obligations under the U.S.-Mexico-Canada Agreement.