The White House

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...

China deal resets relations by months, with prospect of quick deterioration

The deal struck this week by President Trump and Chinese President Xi Jinping turns back the clock on U.S.-China relations a mere matter of months, according to China analysts who view the unreleased and unsigned pact as a fragile one that could quickly unravel. The U.S. agreed to remove a series of trade restrictions imposed by the Trump administration, including port fees for Chinese ships docking at U.S. ports that took effect in October; an export control rule published in...

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...

Industry welcomes DST bans in trade deals with Southeast Asian countries

Industry groups are welcoming this weekend’s announcements of U.S. trade deals with Cambodia and Malaysia and “frameworks” with Vietnam and Thailand that call for the countries to drop any plans for digital service taxes or similar policies, alongside other concessions such as recognizing U.S. vehicle safety certifications and easing protections for geographic indicators. “We commend the Administration for finalizing two trade agreements, including, for the first time in six years, substantive provisions of digital trade. Instituting commitments with Cambodia and...

Sheinbaum: U.S., Mexico to continue trade talks for 'a few more weeks'

The U.S. and Mexico have agreed to continue trade talks for another few weeks as they close in on a deal, Mexican President Claudia Sheinbaum said on Monday, a few days before a deadline for the talks set by President Trump over the summer. On July 31, Trump cited a positive discussion with Sheinbaum in announcing the two countries were extending trade terms for another 90 days while talks continued. That period is set to expire on Oct. 29. During...

Ways & Means Chair Smith says he’s taken Argentine beef complaint directly to Trump

House Ways & Means Committee Chair Jason Smith (R-MO) “strongly” disagrees with President Trump that the U.S. should import more beef from Argentina to help the country’s economy, a message he said he delivered directly to the president last week. In an op-ed published by his office , Smith cites farmers and ranchers in his district who are facing a slew of challenges and says Trump’s suggestion of “purchasing beef tariff-free from Argentina as a means of bringing the cost...

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...

Trump says he will boost Canada tariffs over Reagan ad

President Trump on Saturday said he will increase tariffs on Canadian goods by 10 percent, “over and above what they are paying now,” in retaliation for the Ontario government’s continued airing of a television ad that uses clips from a 1987 speech by Ronald Reagan to argue against Trump’s use of tariffs against U.S. trading partners. “Ronald Reagan LOVED Tariffs for purposes of National Security and the Economy, but Canada said he didn’t! Their Advertisement was to be taken down,...

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