If a reelected President Donald Trump uses the existing Section 301 tariffs program to hike tariffs on all Chinese goods by at least 60%, that's likely to survive a court challenge, said two law professors who spoke during a Washington International Trade Association webinar on the executive branch's ability to make deals and impose trade restrictions without congressional say-so.
Predictions of inflation and lost exports if Republican presidential nominee Donald Trump re-wins the White House and imposes global tariffs are well-trod ground.
Five Republican governors asked the Biden administration to collaborate with the FDA to identify foreign manufacturers that produce sterile IV solutions and the containers for those solutions.
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.
The White House announced Oct. 2 that the president signed the Customs Trade Partnership Against Terrorism Pilot Program Act of 2023, which extends CTPAT membership to 20 third-party logistics providers, half of which should not own warehouses. Both warehousing companies and non-asset-based 3PLs currently aren't allowed to join CTPAT.
Former President Donald Trump, speaking at campaign rallies around the country in recent days in his quest to return to the White House, has threatened to impose a 200% tariff on John Deere imports if it keeps expanding manufacturing in Mexico, and that he would do the same to anyone else that moved manufacturing to another country.
Vice President Kamala Harris called the former president's idea of imposing tariffs on imports from all countries "the Trump sales tax" during the Sept. 10 presidential debate, saying it would increase the cost of everyday goods by 20%.
Former President Donald Trump, at a campaign rally over the weekend in Wisconsin, said he would impose a 100% tariff on goods from countries that "leave the dollar."
National Security Adviser Jake Sullivan told China's foreign minister that the U.S. is still concerned about the Chinese government's "unfair trade policies and non-market economic practices," according to a White House readout that focused more on military and law enforcement issues than trade.
Imposing tariffs of 20% on all imports and a 60% tariff on Chinese goods would cost middle-class households more than $2,600 a year -- $900 more annually than a 10% tariff on imports, what former President Donald Trump floated earlier in his current presidential campaign, according to a new analysis from the Peterson Institute for International Economics.