Exclude From Morning Headlines

If the United States and European Union reach a trade deal, U.S. tariffs on European goods will be no lower than 15 percent – and pharmaceutical goods will remain outside any pact, President Trump said on Sunday during a meeting with European Commission President Ursula von der Leyen. Trump in May threatened to hit the EU with 50 percent tariffs but dropped that proposed rate to 30 percent in a letter to von der Leyen earlier this month. The 30...

President Trump is set to announce auto-sector tariffs on Wednesday afternoon, according to White House Press Secretary Karoline Leavitt – moving the launch a week ahead of his original target of April 2 and resolving days of uncertainty over whether the duties would be decoupled from a “reciprocal” trade policy still set to debut that day. At the start of her March 26 briefing, Leavitt told reporters that Trump would host a press conference at 4 p.m. “to announce tariffs...

The Biden administration on Friday will announce a new regulatory effort to reform the de minimis entry system by excluding products subject to trade enforcement actions and enacting new information requirements. “The administration is starting a regulatory process to curtail de minimis overuse and abuse,” Deputy National Security Adviser for International Economics Daleep Singh told reporters in a press call on Thursday. “This step will drastically reduce the number of shipments entering through the de minimis exemption.” Under the proposals,...

Editor's note: This story has been updated since publication to better reflect the state of the talks. ABU DHABI -- World Trade Organization members on the 13th ministerial conference’s final day have prepared a decision to extend by two years a moratorium on electronic transmission duties. The MC13 talks appeared to break down during an informal heads-of-delegation meeting but the moratorium was salvaged moments before the closing ceremony was scheduled to begin at 10 p.m. local time. Members were...

ABU DHABI -- Hope springs eternal for fisheries negotiators at the World Trade Organization’s 13th ministerial conference, as those talks are the only ones that have made any progress on Friday. Agriculture and e-commerce negotiations appear dead, but could be resurrected if India softens its stance on public stockholding, according to officials. A potential phase-two deal on fisheries subsidies is what negotiators are expending most of their energy on as of Friday evening. Many officials view an agreement as possible,...

BALTIMORE -- The United States and the United Kingdom on Tuesday plan to announce a deal to resolve a four-year dispute over steel and aluminum tariffs via a tariff-rate quota approach that includes a requirement that steel be melted and poured in the UK to qualify for tariff-free treatment, according to a source familiar with the issue. The two sides could announce a deal following a meeting Tuesday afternoon in Washington between Secretary of State for International Trade Anne-Marie Trevelyan...

The U.S. and Japan are set to announce a tariff-rate quota deal on steel, ending a Section 232 tariff dispute, a source familiar with the discussions tells Inside U.S. Trade . The deal will include a tariff-rate quota approach to Japanese steel exports and will not maintain previous steel product exclusions, as Reuters and Bloomberg reported on Monday and a source confirmed. The deal will allow for 1.25 million metric tons of steel annually before imports are subject to a...