Nicholas Lamp, academic director of international law programs at Queens University in Kingston, Ontario, told an audience of lawyers at Georgetown Law School that he questioned the premise of the panel he was speaking on -- that Canada and Mexico's approaches to trade with China would influence the future of USMCA.
President Donald Trump said the U.S. will "shortly" respond to EU retaliatory tariffs on U.S. whiskey with a 200% tariff on EU alcoholic beverages, including wine and champagne, if the EU whiskey tariff -- set to take effect April 1 -- isn't removed.
A bill that aims to create a true single window for importers, as well as reduce redundancies in advance export manifest data submissions, was introduced in the Senate by Sens. Bill Cassidy, R-La., and Catherine Cortez Masto, D-Nev.
Actions to slap an effective date of March 12 for Section 232 tariffs on steel and aluminum derivatives outside of Chapters 73 and 76 -- and to give the trade community less than three hours to get their systems in place so that they can comply with this new effective date -- sent brokers and importers into a tailspin.
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Section 232 tariffs on a new list of steel and aluminum “derivatives” outside of Chapters 73 and 76 are now set to take effect, after the Commerce Department released a notice that “adequate systems are in place to fully, efficiently, and expediently process and collect tariff revenue for covered articles for both steel and aluminum.”
Republicans voted in the House to say that there will be no more calendar days in the rest of this session of Congress, through the end of 2025, in a procedural gambit directly blocking the ability of critics of President Donald Trump's tariffs on Canada and Mexico to challenge that policy.
President Donald Trump threatened to double Section 232 tariffs on Canadian steel and aluminum to 50%, starting March 12, after Ontario placed a 25% surcharge on electricity exported to Michigan, Minnesota and New York. However, Ontario Premier Rob Ford later dropped the surcharge, and Trump told White House reporters he "probably" would not follow through with the threat as a result.
Commerce Secretary Howard Lutnick said the tariffs that the president threatened over Canadian trade policies for dairy and lumber won't come this week, as the president had said two days earlier.
Canadians and New Englanders, brought together by the New England-Canada Business Council, expressed bewilderment at the trade war directed at Canada, but said that President Donald Trump's actions will not be easily overcome as the two countries start to talk about how to change the NAFTA successor agreement in its sunset review.