The reciprocal tariffs that the U.S. intends to levy on imports -- which could be announced as soon as April 2 -- may not be a one-for-one match of the tariff rate of another country for that product. Rather, they could take into account wage suppression, exchange rate management, "mercantilist policies," non-tariff barriers, value-added tax and extraterritorial taxes.
Japan has asked the Trump administration to exempt it from new 25% tariffs on steel and aluminum imports, Japanese Minister of Economy, Trade and Industry Yoji Muto said during a Feb. 12 press conference.
The Foreign-Trade Zones Board issued the following notices on Feb. 7:
CBP issued the following releases on commercial trade and related matters:
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The Foreign-Trade Zones Board issued the following notices on Jan. 31:
Trump Says Tariffs Will Be Hiked on Oil Next Month and Steel, Aluminum Tariffs Going Higher; EU Next
President Donald Trump told reporters that his administration plans to put tariffs on oil and gas, and on items related to semiconductor chips and pharmaceuticals, and he gave more details about previously threatened tariffs on steel, aluminum and copper.
President Donald Trump announced his intention to use tariffs to force countries to accept planes full of their deported citizens, as well as new sector specific targets beyond steel and aluminum.
The Commerce Department issued notices in the Federal Register on its recently initiated antidumping and countervailing duty investigations on float glass products from China and Malaysia (A-570-188/C-570-189, A-557-832/C-557-833). The CVD investigations cover entries for the calendar year 2023. The AD investigation on Malaysia covers entries Oct. 1, 2023, through Sept. 30, 2024, and the AD investigation on China covers entries April 1, 2024, through Sept. 30, 2024.
International Trade Today is providing readers with the top stories from last week in case they were missed. All articles can be found by searching on the titles or by clicking on the hyperlinked reference number.