President Donald Trump, after talking with Chinese President Xi Jinping in Korea, told reporters that he will be lowering tariffs on Chinese goods by 10%, because China is going to crack down on fentanyl trafficking. A reporter on Air Force One asked about the fees that Chinese ships must pay when they arrive at U.S. ports, and U.S. Trade Representative Jamieson Greer said those fees will be postponed while the two sides negotiate over what the U.S. calls market-distorting subsidies in the shipbuilding sector. In the 100-minute meeting, China also said it would delay an export licensing scheme for rare earth materials.
President Donald Trump wrote on social media that because of the "serious misrepresentation of the facts" in an ad the government of Ontario ran during the World Series, using excerpts of a Ronald Reagan speech, "I am increasing the Tariff on Canada by 10% over and above what they are paying now. " It's not clear what this would apply to.
President Donald Trump, after a commercial aired in Ontario with audio from Ronald Reagan pointing out that tariffs harm the country that imposes them, declared on social media after 11 p.m. Oct. 23, "Based on their egregious behavior, ALL TRADE NEGOTIATIONS WITH CANADA ARE HEREBY TERMINATED."
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 U.S. will soon impose a 100% tariff on China, “over and above any Tariff that they are currently paying,” along with new export controls on “any and all critical software,” President Donald Trump announced on Truth Social. Trump said the measures, which could take effect Nov. 1 or sooner, are in response to China’s recent announcement that it will impose new export license requirements on overseas exports if they contain certain levels of Chinese-origin material.
The Bureau of Industry and Security posted more requests for new products to be included as derivatives subject to Section 232 tariffs on steel and aluminum products. The release of the requests starts a two-week comment period for the potential inclusions, with comments on each due Oct. 21.
President Donald Trump posted on social media that 25% tariffs on medium and heavy-duty trucks will begin Nov. 1. The additional tariffs are being imposed under a national security Section 232 action. Trump had previously said the tariffs would begin Oct. 1.
Section 232 tariffs on timber, lumber and their derivatives will take effect Oct. 14, under a proclamation issued by President Donald Trump. Tariffs will be set at 10% for timber and lumber, 25% for upholstered furniture and 25% on wooden cabinets and vanities.
President Donald Trump posted on social media that a new round of tariffs will begin Oct. 1, on kitchen cabinets, bathroom vanities, upholstered furniture, brand-name pharmaceuticals and heavy trucks. He said the tariffs on cabinets and vanities, furniture and heavy trucks are for national security purposes.
The U.S. Court of Appeals for the Federal Circuit on Sept. 25 upheld the Lists 3 and 4A Section 301 tariffs. CAFC Judges Todd Hughes and Alan Lourie, along with Judge Rodney Gilstrap of the Eastern District of Texas, who was sitting by designation, said the tariffs were a valid exercise of the government's authority under Section 307(a)(1)(C), which lets the U.S. Trade Representative "modify or terminate any action" taken under Section 301, where such action is "no longer appropriate."