The EU should expand export controls over advanced technology and impose new tariffs against China to counter Beijing’s sweeping export curbs on rare earths (see 2510090021), a major European think tank said this week.
President Donald Trump told reporters that unless China stops fentanyl shipments, resumes buying U.S. soybeans and stops playing "the rare earth game with us," he won't lower tariffs.
U.S. Trade Representative Jamieson Greer, in a joint press conference with Treasury Secretary Scott Bessent, said the administration has already drafted some documents to hike tariffs on Chinese goods, and is drafting other documents that might impose more export controls for goods sold to Chinese firms.
President Donald Trump, on his way to Israel, softened his message on tariffs on Chinese goods. When asked if imposing those tariffs was still the plan, he said, "Right now it is. Let's see what happens. November 1st is an eternity."
Beijing this week announced a host of new export license requirements for shipments of rare earths, superhard materials and related equipment, including new rules to restrict overseas exports if they contain certain levels of Chinese-origin materials. The country’s Ministry of Commerce also added more than a dozen companies to its Unreliable Entity List for arms sales to Taiwan or for other actions that it said hurt Chinese companies or the country’s “sovereignty” or security.
Think tank scholars said they think it's possible that tariffs on Chinese goods could decline by 20 percentage points after the two countries' presidents meet in a month, but that it's also possible that tariffs could soar again if President Donald Trump is angered by China's support for Russia, Iran or aggression toward the Philippines.
EPA plans to modify the regulations governing the use of hydrofluorocarbons for certain industrial, intermodal and retail sectors as prescribed under the Technology Transitions section of the American Innovation and Manufacturing Act of 2020, it said in a Federal Register notice. Comments on the proposed changes are due Nov. 17.
The Foreign-Trade Zones Board issued the following notices Oct. 3:
Taiwan has rejected the idea of a 50-50 split in chip manufacturing recently proposed by U.S. Commerce Secretary Howard Lutnick (see 2509290046).
Commerce Secretary Howard Lutnick said that he proposed a chip manufacturing scheme to Taiwanese officials that would see 50% of manufacturing shifted to the U.S. as part of a larger trade deal with the country.