Trade groups and others that oppose the de minimis tariff exclusion for shipments worth $800 or less are urging the Trump administration to quickly enact a pair of Biden-era rule proposals that would narrow the policy quickly, even if it plans its own reforms farther down the line.
January 24, 2025
World Trade Online
Expanding U.S. foreign market access for U.S. agricultural producers could help reduce the impacts of retaliatory tariffs and lower the U.S. ag trade deficit, President Trump’s pick to lead the Agriculture Department said on Thursday.
Attorneys and former trade officials say President Trump’s wide-ranging “America First Trade Policy” memo issued this week shows the new administration is planning a broad, multifaceted approach that will include the greater use of antidumping and countervailing laws as well as export control reforms.
President Trump’s belief that tariffs will raise revenue from foreign sources while spurring a revival in domestic manufacturing is inherently contradictory, former Sen. Pat Toomey (R-PA) said on Thursday, warning that aggressive tariffs are likely in the offing and that their impacts will be “messy.”
The U.S. does not need to trade with Canada, President Trump said on Thursday, contending the U.S. is treated “unfairly” by its trading partners, including the European Union, and promising action.
Silverado Policy Accelerator, a non-partisan think tank, is urging the Trump administration to adopt a new policy framework for the initiation of trade negotiations on critical minerals -- a step the two authors of the proposal say will be crucial to blunt potential moves by China to restrict exports of such minerals to the U.S. in retaliation for tariff hikes.