Increased U.S. scrutiny of Mexican truck drivers' English-speaking proficiency is raising concerns within the drayage industry that drivers who cross the U.S. border and perform drayage within a limited distance from the border will be prevented from doing their jobs.
The U.S. is dropping 10 percentage points of the 20% fentanyl tariff on China, and is also lifting port fees on Chinese commercial ships, after President Donald Trump and Chinese President Xi Jinping met in South Korea.
A majority of senators voted to end the emergency underpinning an additional 40% tariff on the majority of Brazilian goods, with four Republicans joining the entire Democratic caucus.
President Donald Trump, speaking to reporters on Air Force One as he flew in Asia, said he expects that the 20% tranche of tariffs on China, levied due to China's lack of action to crack down on fentanyl trafficking, will be lowered after he meets with President Xi Jinping in South Korea.
South Korea's government said it has agreed to the details of a trade deal that lowers tariffs on goods outside the Section 232 actions to 15%, all-inclusive, and applies that rate to autos manufactured in Korea, too.
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More Republicans will vote to roll back fentanyl tariffs on Canada, lead sponsor Sen. Tim Kaine predicted the evening of Oct. 28, ahead of a vote on the Brazil emergency underpinning additional 40% tariffs on the majority of Brazilian exports.
Treasury Secretary Scott Bessent said after two days of meeting with Chinese negotiators, he anticipates a threatened additional 100% tariff on Chinese goods won't come Nov. 1, and that the Chinese will defer their critical minerals export control licensing scheme.
President Donald Trump signed trade deals with Cambodia and Malaysia, leaving 19% tariffs on both Cambodian and Malaysian goods, with some carve-outs for tropical fruits and woods, minerals, and some goods covered by pending Section 232 investigations, such as aviation parts and chemicals used to make pharmaceuticals. The 19% tariffs layer on top of most-favored nation rates, which, in the case of apparel and shoes that dominate Cambodia's top exports, are already quite high.
Twenty-seven amicus briefs were filed at the Supreme Court on Oct. 24 in opposition to the ability of President Donald Trump to impose tariffs under the International Emergency Economic Powers Act, bringing to 35 the total number of amicus briefs filed at the high court against the tariffs. The amici are a mix of law professors, current and former government officials, policy advocacy groups, economists and individual companies.