President Donald Trump confirmed to reporters on his plane on Oct. 19 that he intends to hike tariffs on Colombian goods on Oct. 21. He had earlier attacked Colombia's president on social media, calling him "an illegal drug leader," and saying that the U.S. no longer would give money to Colombia so that it can work to stop cocaine trafficking.
The Office of the U.S. Trade Representative says that Nicaragua's leaders are repressing labor rights and human rights, and dismantling the rule of law, and that these authoritarian actions are directly and indirectly harming U.S. commercial interests.
President Donald Trump told reporters that unless China stops fentanyl shipments, resumes buying U.S. soybeans and stops playing "the rare earth game with us," he won't lower tariffs.
Peter Navarro, White House senior counselor for trade and manufacturing, argues that academics, editorial writers and analysts who say higher tariffs hurt domestic manufacturing are all wrong.
President Donald Trump, when asked if another 100% tariff on top of existing tariffs on Chinese goods would damage the economy, said, "It's not sustainable, but that's what the number is."
Section 232 tariffs on heavy- and medium-duty trucks and their parts and on buses will take effect Nov. 1, under a proclamation issued by President Donald Trump. Tariffs will be set at 25% for classes III through VIII trucks and their parts, and 10% on buses.
The Senate Appropriations Committee's subcommittee responsible for the Commerce, Justice, Science, and related agencies' spending bill will hear from the U.S. trade representative on Oct. 21. The subcommittee is led by Sen. Jerry Moran, R-Kan.
U.S. Trade Representative Jamieson Greer faced some skepticism at a Republican lunch this week, but how much is unclear, since many Republicans were circumspect in describing the conversation. However much intra-party pushback there is toward the administration's tariff and trade policy, one senator told International Trade Today that it doesn't matter in the end.
Sen. John Kennedy's bill to restore African Growth and Opportunity Act trade preferences retains the third-country fabric provision and extends the program until Sept. 30, 2027.
White House National Economic Council Director Kevin Hassett told an Axios interviewer that the administration was taken aback by China's announcement of extraterritorial export controls on products made with rare earths processed in China.