Sen. Bill Cassidy, R-La., and nine other Republicans asked the National Oceanic and Atmospheric Administration to use import-restriction authorities to stop the import of illegally harvested red snapper.
Steel industry executives told a bipartisan panel of House members that Canada and Mexico shouldn't be allowed an exemption from Section 232 tariffs, and a representative of Nucor, the largest U.S. steel manufacturer, asked the members to "vocally oppose any efforts to weaken these measures, whether through carve-outs for countries like Canada and Mexico or through gamesmanship like under-reporting the value of steel and steel products."
Taiwanese auto parts and derivative goods subject to the lumber 232 actions will be subject to a 15% tariff, rather than the 25% rates applicable to most countries, the Commerce Department announced. The reciprocal tariff for Taiwan will also be cut, from 20% to 15%, inclusive of most-favored nation duties.
Taiwanese auto parts and lumber derivatives subject to Section 232 actions will be subject to a 15% tariff, rather than the 25% rates applicable to most countries, the Commerce Department announced Jan. 15. The reciprocal tariff for Taiwan also will be cut, from 20% to 15%, inclusive of most-favored-nation duties.
Witnesses at a House Ways and Means Trade Subcommittee hearing about digital trade and international protections of intellectual property rights praised the Trump administration's work on maintaining a moratorium on customs duties on electronic transmissions, such as music downloads, streaming films and software.
Certain advanced chips, whose parameters are described in the annex to a presidential proclamation, will be subject to 25% tariffs starting Jan. 15, but a broad array of domestic uses are carved out of the Section 232 action.
Certain advanced chips -- including the NVIDIA H200 and AMD MI325X, a White House fact sheet said -- will be subject to 25% Section 232 tariffs starting Jan. 15, but a broad array of domestic uses of those chips are carved out from the action.
The House of Representatives passed, by large margins, bills that would restore the African Growth and Opportunity Act and the Haiti HELP trade preference program, and keep the tariff breaks active through the end of 2028.
President Donald Trump repeated his support for Iranian protesters to an audience in Detroit, saying, "You saw that I put tariffs on anybody doing business with Iran. Just went into effect today."
South Korea's trade minister is in Washington to meet with members of Congress and U.S. Trade Representative Jamieson Greer to try to calm tensions over a recent law passed in South Korea on data privacy, a Korean newspaper reported.