A group of parents and other family members of those who overdosed on fentanyl are asking the Office of the U.S. Trade Representative to double the 25% Section 301 tariffs on lists 1 and 2 under the existing Section 301 action, combined with no de minimis eligibility for all Chinese goods.
Treasury Secretary Janet Yellen, without naming Trump, criticized his economic approach, saying a broad-based tariff would be like a sales tax.
Officials from Squire Patton Boggs said that if Donald Trump returns to the presidency, a 10% tariff or higher on a vast swath of imports could come very quickly, but what wouldn't be subject to the tariffs is not yet clear.
Donald Trump, in a lengthy interview with Bloomberg's editor-in-chief, tripled down on his tariff policy, calling the word tariff "the most beautiful word in the dictionary," and saying that his plan of a 10% tariff on all non-Chinese imports is not nearly enough to reverse factory closures.
President Donald Trump will be receptive to Sen. Bill Cassidy's proposal to impose a carbon border tax, predicted Dave Banks, a former energy and environment expert in the National Economic Council and National Security Council during the first Trump term.
The strong differences in tariff and immigration policies whether Donald Trump or Kamala Harris wins the election made it difficult for a think tank's economic outlook, but Alejandro Werner, a senior fellow at the Peterson Institute for International Economics, said that Mexico will have a slow-down in foreign investment over the next couple of years because of "the uncertainty associated with the continuation of the USMCA regardless of who wins the election."
The Office of the U.S. Trade Representative opened a portal to be used for submitting exclusion requests for industrial machinery outside the solar sector.
Less than a month from the election, Cleveland-Cliffs CEO Lourenco Goncalves invited U.S. Trade Representative Katherine Tai, Rep. Chrissy Houlahan, D-Pa., and Acting Labor Secretary Julie Su to speak at his company's Coatesville, Pennsylvania, mill about how recent policy has supported steelworkers.
The Seafood Import Monitoring Program covers nearly half of seafood imports, but the majority of SIMP filings later audited were not compliant, frequently because the harvest weight was wrong, or there was an incomplete chain of custody.
Two analysts from Rhodium Group said it's quite possible the Commerce Department will give "special authorization" to Volvo and Polestar so that those cars, manufactured in the U.S., can still be sold in 2027 and beyond.