President Donald Trump, in a social media post, said he will impose 10% tariffs on Denmark, Norway, Sweden, France, Germany, the U.K. the Netherlands and Finland starting Feb. 1, rising to 25% on June 1. He said the tariff will remain "until such time as a Deal is reached for the Complete and Total purchase of Greenland. The United States has been trying to do this transaction for over 150 years. Many Presidents have tried, and for good reason, but Denmark has always refused. Now, because of The Golden Dome, and Modern Day Weapons Systems, both Offensive and Defensive, the need to ACQUIRE is especially important."
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.
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 U.S. Trade Representative announced that it found that China's non-market practices in developing its semiconductor industry unreasonably burdens or restricts U.S. commerce, but said the current Section 301 tariff of 50% on Chinese semiconductors will remain in place, with no hike planned until June 23, 2027. The rate has not been set, and there will be a notice on the new rate at least 30 days ahead of the deadline, the notice said.
Cuts to reciprocal tariffs under a recent trade deal with Switzerland and Liechtenstein will take retroactive effect Nov. 14, according to a notice from the Commerce Department and U.S. Trade Representative.
The Court of International Trade on Dec. 15 denied a motion for an injunction stopping liquidation of entries from a group of importers that filed challenges to International Emergency Economic Powers Act tariffs. Judges Gary Katzmann, Timothy Reif and Jane Restani held that an injunction is unnecessary because the trade court has the authority to reliquidate finally liquidated entries from the importers that filed suit under the court's 28 U.S.C. 1581(i) jurisdiction if the Supreme Court invalidates the tariffs. The judges also noted the government's commitment that it won't fight against CIT's ability to order refunds, finding the U.S. is barred from changing its position in the future.
Most tariff cuts under the recent U.S.-South Korea trade deal will take retroactive effect Nov. 14, with tariff cuts for autos and auto parts coming earlier on Nov. 1, as expected, said the U.S. Trade Representative in a notice released Dec. 3.
President Donald Trump issued an executive order Nov. 20 exempting 238 tariff schedule subheadings covering agricultural products from the 40% additional International Emergency Economic Powers Act tariff on Brazil. The new exemptions take retroactive effect Nov. 13 at 12:01 a.m ET.
President Donald Trump issued an executive order late Nov. 14 exempting many agricultural products from all reciprocal tariffs. The executive order said the new tariff exemptions took effect at 12:01 a.m. Nov. 13.
The U.S. will lower its reciprocal tariffs on Switzerland to “a maximum of 15%” under a tariff deal announced by the Swiss government Nov. 14. As part of the deal, Switzerland will reduce its tariffs on “a range of U.S. products,” including industrial and agricultural products, and its companies “are planning to make direct investments in the USA amounting to” $200 billion by the end of 2028.