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On May 28th, the US Court of International Trade (USCIT) issued its ruling that President Trump's duties on most US trading partners exceed the powers granted by the International Emergency Economic Powers Act (IEEPA). The Trump administration has appealed the USCIT's ruling. On May 29th, the
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Update: On May 25, after a phone call with European Commission President Ursula von der Leyen, President Trump announced that 50% tariffs on goods from the EU would be delayed until July 9th, the President's original deadline for reciprocal tariff negotiations. European leaders have pressured President von der
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On April 2, President Trump announced new reciprocal tariffs on all trading partners. Since then, tariff increases for all countries except China have been placed on hold for 90 days, but across-the-board 10 percent tariffs on goods from all countries except Canada and Mexico remain in place. Canada and Mexico
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On March 7, President Trump announced plans for "reciprocal" tariffs on Canadian lumber and dairy imports, which could be implemented as soon as early next week. This follows his March 1 executive order directing the Commerce Department to investigate whether foreign government subsidies for lumber and derivative products
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China Sanctions 7 U.S. Companies and Executives Over Arms Sales to Taiwan China has banned Chinese companies or individuals from doing business with seven Western defense firms. The sanctioned companies are Insitu Inc., Hudson Technologies Co., Saronic Technologies, Inc., Raytheon Canada, Raytheon Australia, Aerkomm Inc. and Oceaneering International Inc.
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USTR announces additional duty increases on polysilicon, wafers, and tungsten On Wednesday, December 11, the Office of the U.S. Trade Representative (USTR) announced additional tariffs as part of its review of the Section 301 duties on imports from China. Duties on unwrought tungsten and tungsten bars and rods will
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Chamber: U.S. will block exports to 200 more Chinese chip companies before Thanksgiving Last Thursday, the U.S. Chamber of Commerce sent its members an email stating that the U.S. Department of Commerce is preparing to add an additional 200 Chinese semiconductor companies to its "Entity List
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With tariffs on the horizon, companies are stocking up President-elect Donald Trump has proposed raising tariffs on imports from China by between 60% and 100% - on top of existing duties. In anticipation of these tariffs, companies are scrambling to import as much as they can before Inauguration Day. Year