TRADE AUTO EMAIL

Canadian Prime Minister Mark Carney on Friday expressed disappointment with President Trump’s move to raise tariffs on Canadian goods and said Ottawa would be its “own best customer,” while citing a continued commitment to negotiation and to the U.S.-Mexico-Canada Agreement -- the only U.S. free trade agreement that appears to provide some cover from Trump's new trade regime. The White House on Thursday evening announced Trump had signed an executive order raising duties on Canadian goods from 25 percent to...

President Trump has issued his final “reciprocal” tariff list, setting steep new rates for some countries while establishing a 15 percent level for many others that have not agreed to separate accords – and, separately, raising tariffs on Canada to 35 percent. The list, published in an executive order on Thursday evening, includes rates as high as 41 percent for Syria, with goods from Laos and Myanmar due for 40 percent. Switzerland is due to face 39 percent tariffs. Serbia...

Senate Democrats on Thursday will file privileged legislation to force the chamber to vote on whether to uphold the 50 percent tariffs President Trump has imposed on Brazil that are set to take effect on Friday, four senior senators announced. Trump on Wednesday signed an executive order invoking the International Emergency Economic Powers Act to impose 50 percent tariffs on Brazil, claiming its government has taken actions against U.S. businesses that “threaten the national security, foreign policy, and economy of...

The U.S. and Mexico have agreed to extend trade terms for another 90 days while the two sides continue negotiations on a deal, President Trump said on Thursday. Trump made the announcement on his social media site following a call with Mexican President Claudia Sheinbaum that he described as “very successful.” “We have agreed to extend, for a 90 Day period, the exact same Deal as we had for the last short period of time, namely, that Mexico will continue...

White House Office of Science and Technology Policy Director Michael Kratsios used a Wednesday event on the administration’s artificial intelligence “action plan” to attempt to assuage fears over the loosening of export controls on AI technology, promising ramped-up enforcement of the current restrictions and downplaying the idea that increased exports will lead to domestic shortages. Speaking at a July 30 event hosted by the Center for Strategic and International Studies’ Wadhwani AI Center, Kratsios said the White House remained committed...

South Korea will drop tariffs on American goods, invest $350 billion in the U.S. and buy $100 billion worth of U.S. energy products, President Trump claimed on Wednesday, saying in exchange that the U.S. will hit its exports with 15 percent tariffs, down from the 25 percent duties the president threatened earlier this month. “I am pleased to announce that the United States of America has agreed to a Full and Complete Trade Deal with the Republic of Korea,” Trump...

President Trump on Wednesday signed a proclamation following through on his pledge to impose 50 percent national security-based duties on copper and derivative products despite a recommendation by his Commerce secretary for a lower rate. Trump earlier this month said he would impose 50 percent duties on copper beginning on Aug. 1, following the conclusion of a national security assessment conducted by the Commerce Department under Section 232 of the Trade Expansion Act of 1962. The proclamation makes that plan...

India is reviewing President Trump’s announcement on Wednesday that he plans to raise tariffs on the country, New Delhi said in a statement, asserting its continued commitment to pursuing a trade deal with the U.S. while protecting national interests. India’s Ministry of Commerce & Industry issued the statement shortly after Trump announced the country would face a tariff rate of 25 percent as well as an undefined “penalty” for its purchases of military equipment and energy from Russia. “The Government...