China’s State Council this week released a white paper on economic and trade relations with the U.S., criticizing the U.S. government’s imposition of tariffs and export controls and saying that the two sides should strive toward “mutually beneficial cooperation.” The white paper seeks to “clarify the facts about China-US economic and trade relations and illustrate China's policy stance on relevant issues,” it says, according to an unofficial translation.
China raised the tariff rate on U.S.-origin goods, from 34% to 84%, in response to President Donald Trump's April 8 executive order raising reciprocal rates by 50% (see 2504080079), the Office of the Tariff Commission of the State Council announced April 9. The new tariffs will take effect at 12:01 a.m. April 10, the commission said, according to an unofficial translation.
Federal Maritime Commission Chairman Louis Sola this week applauded the Panama Maritime Authority for recently removing from its registry more than 100 vessels sanctioned by the U.S. and other governments, saying the move is helping to pressure Iran and other nations operating so-called shadow fleets. He also said the FMC may investigate other registries that haven’t removed those ships.
Federal Maritime Commission Chairman Louis Sola this week applauded the Panama Maritime Authority for recently removing from its registry more than 100 vessels sanctioned by the U.S. and other governments, saying the move is helping to pressure Iran and other nations operating so-called shadow fleets. He also said the FMC may investigate other registries that haven’t removed those ships.
Even if the Trump administration were to lift U.S. sanctions against Russia, the country would still be “uninvestable” for multinational companies because of the EU’s trade and financial restrictions, which would likely remain in place, said Janis Kluge of the German Institute for International and Security Affairs.
Trade groups mostly reacted in alarm to the dramatic change in tariffs with every country that is coming this month, whether because of expected retaliation against their exports or, in the case of sectors that are largely supplied by imports, the increase in costs.
Several major ad industry associations opposed a California bill they claim would make it difficult or impossible for businesses in the state to offer potential customers popular discounts based on interest or demographic data.
FTC Chairman Andrew Ferguson defended President Donald Trump's firing of the commission’s two Democrats during a speech at the Free State Foundation conference Tuesday. Ferguson also espoused a theory on executive power that the president may remove commissioners and install supporters on what Trump has termed “so-called” independent commissions. When Americans choose a president, “we are electing the person who is going to be able to supervise the entire government, not parts of the government,” Ferguson said.
President Donald Trump, in a March 25 interview with Newsmax, said that while he doesn't "want to have too many exceptions" to the reciprocal tariffs, the percentage that is imposed may be lower than what the administration assesses is the total burden of tariffs and non-tariff barriers.
The House Oversight Delivering on Government Efficiency Subcommittee said Wednesday it plans a March 26 hearing to examine conservatives' claims that public broadcasters’ content has a pro-Democratic bias, as expected (see 2502270071). PBS CEO Paula Kerger and NPR CEO Katherine Maher will testify starting at 10 a.m. in HVC-210. Republican lawmakers have filed several measures this year to end funding for NPR, PBS and CPB and claw back advance appropriations to the broadcasting entities (see 2502110072 and 2502120044), in part for alleged bias. PBS and other U.S. broadcasters are also facing scrutiny from the FCC via investigations that Chairman Brendan Carr has launched since taking over Jan. 20 (see 2502130060).