Inside Trade

October 30, 2025

USTR

Trump to lower China tariffs; Greer says China won’t impose new controls

The U.S. will halve the 20 percent tariffs it has imposed on goods from China over migration and fentanyl trafficking concerns after Chinese President Xi Jinping said he would work to stem the flow of fentanyl into the U.S., President Trump said on Thursday. China also agreed not to implement export controls on rare earths it had announced earlier this month, U.S. Trade Representative Jamieson Greer said. Trump spoke to reporters aboard Air Force One after meeting with Xi in...

Senators grill agricultural negotiator nominee on soybeans, Argentine beef

Senate Finance Committee members on Wednesday grilled the president’s pick to serve as chief agricultural negotiator in the Office of the U.S. Trade Representative, focusing on soybean farmers and U.S. support for Argentina – particularly President Trump’s plan to boost imports of Argentine beef. The nominee – Assistant USTR for Agricultural Affairs and Commodity Policy Julie Callahan – insisted that the agency is laser-focused on opening market access for U.S. producers broadly, including soybean farmers and cattle ranchers. During her...

GOP lawmakers: Trade frictions have ‘priced out’ U.S. soybeans

Trade frictions and retaliation for U.S. tariffs have “priced out” U.S. soybeans from international markets, a group of Republican lawmakers charged this week, urging top administration officials to craft a “coordinated strategy” to expand market access and make soybeans a “central priority” in talks with China. China, typically a major buyer of U.S. soybeans, has purchased none this year. The U.S. soybean industry has been warning that this has allowed South American countries like Argentina and Brazil to cut into...

Potato growers, allies press for long-sought market access in Japan

Idaho Governor Brad Little (R), an ally of President Trump, and other supporters of the U.S. potato industry are hopeful the administration can use ongoing trade talks with Japan to ensure long-sought access to the Japanese market. The governor, in particular, pressed administration officials on the negotiations ahead of Trump’s visit to Japan, which ended on Tuesday without any major announcements on agricultural trade. Little, whose state is the country’s biggest producer of potatoes, wrote to U.S. Trade Representative Jamieson...

Greer says U.S., China moving toward a deal as White House announces accords with others in Asia

U.S. and Chinese negotiators are closing in on the “final details” of a framework trade agreement ahead of an expected meeting of the countries’ leaders later this week, U.S. Trade Representative Jamieson Greer said on Sunday in Malaysia. The White House early on Oct. 26 also issued a tranche of statements on trade deals with several Asian countries. “I think we're moving forward to the final details of the type of agreement that the leaders can review and decide if...

USTR outlines plans for new Section 301 probe of China’s phase-one commitments

China “appears” to have fallen far short of its commitments to the U.S. under a phase-one trade deal struck during the first Trump administration, the Office of the U.S. Trade Representative said on Friday, outlining its plans for a new probe into those commitments that could lead to new tariffs or other remedies. In a Federal Register notice slated to be published soon, USTR says its investigation – under Section 301 of the Trade Act of 1974 – will focus...

Source: USTR set to probe China's compliance with phase-one trade deal

The Office of the U.S. Trade Representative is set to open a probe into China’s compliance with the phase-one trade agreement reached during President Trump’s first term, according to a source familiar with the investigation. The probe will be filed under Section 301 of the Trade Act of 1974 and could be announced on Friday, the source said. The New York Times reported the planned investigation earlier on Thursday. The probe comes ahead of a much-anticipated meeting between President Trump...

Greer, Bessent head to Asia, with China meeting on ‘front end’

U.S. Trade Representative Jamieson Greer and Treasury Secretary Scott Bessent are setting out for Malaysia on Wednesday with plans to meet with their Chinese counterparts and attempt to work through elevated trade tensions ahead of an anticipated meeting between President Trump and Chinese President Xi Jinping. Greer spoke about the upcoming trip during an Oct. 22 interview on CNBC , saying he and Bessent were set to meet with Chinese officials “on the front end of this whole swing to...

Finance panel to vet two deputy USTR nominees next week

The Senate Finance Committee next week will hold a confirmation hearing to weigh two of President Trump’s picks to serve as deputy U.S. Trade Representative. On Oct. 29, the panel will meet to question four nominees for senior administration posts, including Jeffrey Goettman for deputy USTR and Julie Callahan for the agency’s chief agricultural negotiator role, Finance Committee Chair Mike Crapo (R-ID) announced on Wednesday. Goettman, a former Export-Import Bank official, was nominated in June to serve as deputy for...

USTR recommends steep tariffs, suspension of Nicaragua’s CAFTA-DR benefits

Citing concerns about labor and human rights violations and other “unreasonable” policies pursued by the Nicaraguan government, the Office of the U.S. Trade Representative is recommending steep new tariffs on goods from Nicaragua and the suspension of benefits provided to the country under the Dominican Republic-Central America Free Trade Agreement. In its report on an investigation into the country’s practices , which was opened by the Biden administration last year and conducted under Section 301 of the Trade Act of...

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