TRADE AUTO EMAIL

Sen. Rounds: Deal close on Crapo-backed trade amendment vote

Editor's note: See here for the latest developments on Thursday. The Senate is nearing a deal that would bring to the floor a vote on an amendment that would extend two expired trade preferences programs, though the agreement hinges on the support of one senator whose staff is recommending he support the deal, Sen. Mike Rounds (R-SD) told reporters on Thursday. The Senate for several hours has been holding open a cloture vote on a substitute amendment offered by...

Sources: U.S., Brazil to announce limited trade deal next week

The U.S. and Brazil plan to announce a limited agreement on trade facilitation, good regulatory practices and anticorruption next week, according to sources familiar with the plans. Yana Dumaresq, assistant deputy minister for foreign trade and international affairs with Brazil’s Ministry of Economy, previewed the announcement earlier this month. The U.S. Chamber of Commerce on Oct. 19 will hold a high-level event that will include Brazilian President Jair Bolsonaro, U.S. Secretary of State Mike Pompeo, U.S. Trade Representative Robert Lighthizer,...

Sources: Trump set to announce steel, aluminum remedies on Thursday

Editor's note: After this story was published, the White House decided to hold a " listening session " with steel and aluminum company executives on Thursday, March 1, with no announcement of remedies. Less than two weeks after the Commerce Department made public its recommendations on remedies that could be imposed on steel and aluminum imports, President Trump on Thursday is expected to announce his decisions in both investigations under Section 232 of the 1962 Trade Expansion Act, sources...

U.S. to suspend BIS ‘50 percent rule,’ port fees on China; Beijing to buy soybeans

As part of its newly announced deal with China, the U.S. has agreed to suspend for one year a rule issued by the Bureau of Industry and Security in September, which significantly expanded its export controls to capture thousands of Chinese entities, and to suspend for one year port fees on Chinese ships implemented just weeks ago. Treasury Secretary Scott Bessent confirmed the commitments in an interview with Fox Business News on Thursday. China’s Ministry of Commerce also touted the...

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...

Senate again votes to end tariffs on Canada

The Senate on Wednesday voted 50-46 to end the national emergency President Trump declared in February to impose tariffs on Canada, the second time it has done so in a largely symbolic rebuke of the president’s tariffs. Republican senators Susan Collins (ME), Mitch McConnell (KY), Lisa Murkowski (AK) and Rand Paul KY) joined Democrats to support the resolution, which would have to be passed by the House and signed by the president – neither of which is likely – to...

Korea says U.S. has agreed to implementation terms for tariff, investment deal

South Korean officials say they have resolved a months-long impasse with the White House over a $350 billion investment pledge in the trade deal with the U.S. that was announced this summer, opening the door for implementation of the broader agreement -- including a raft of project- and sector-specific commitments the Trump administration has already started to roll out. According to local media, Kim Yong-beom, national policy director for South Korean President Lee Jae Myung, held a press conference early...

DOJ seen ramping up ‘false claims’ cases over alleged tariff evasion

The Trump administration is ramping up legal action against alleged tariff evaders through direct enforcement of trade laws as well as more novel use of the False Claims Act, further raising uncertainty for importers dealing with shifting tariff rates and exemptions, former Commerce and Justice department lawyers said during a webinar on Tuesday. “There's just a lot of uncertainty, and uncertainty can breed investigations and compliance risk,” Burden Walker, a former deputy assistant attorney general who’s now a partner at...

Senate votes to end Trump’s tariffs on goods from Brazil

The Senate on Tuesday voted 52-48 to end President Trump’s steep tariffs on goods from Brazil. The resolution – enabled under the International Emergency Economic Powers Act, which Trump used to impose 50 percent tariffs on Brazil – was backed by several Republicans, including former Majority Leader Mitch McConnell (R-KY). The resolution is the first of three focused on tariffs planned by Senate Democrats this week; the Senate also will vote on measures to end tariffs on Canada and tariffs...

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...

1
2
3
4
5
6
7
8
9
…
next
last

Not a subscriber?

Log in to access this content.