The Foreign-Trade Zones Board issued the following notices July 22:
Treasury Secretary Scott Bessent on Fox Business said the administration is "about to announce a rash of trade deals in the coming days."
Treasury Secretary Scott Bessent suggested the White House may be in favor of a bill that would authorize new sanctions and tariffs against Russia’s supporters, and he urged the EU to put in place similar measures.
House Foreign Affairs Committee ranking member Rep. Gregory Meeks, D-N.Y., is trying to force votes in the House to end the emergency that justifies reciprocal tariffs and on a bill that would hike tariffs to 500% on Russian products.
A former Mexican trade negotiator and deputy foreign affairs minister and two think-tank analysts agreed that it would have made sense for Mexico to capture more manufacturing, leaving China in the wake of President Donald Trump's initial trade war, but they said that if Mexico changes course on its energy policy and effectively tackles cargo theft, it could garner more investment.
Trade restrictions in pending Section 232 investigations for copper, lumber, semiconductors, pharmaceuticals, critical minerals, heavy-duty trucks, commercial aircraft and engines, polysilicon and drones are a foregone conclusion, but "exactly what those trade measures will look like" has not been decided, Steptoe's Jeff Weiss said during a firm webinar.
Former top trade negotiator Wendy Cutler, who, as a career employee in the Office of the U.S. Trade Representative led on the South Korea-U.S. free trade agreement and the Trans-Pacific Partnership, said that South Korea can't make concessions to avoid 25% tariffs on its exports if the 25% Section 232 tariffs on autos and 50% tariffs on steel go unchanged in the deal.
President Donald Trump, after returning from a political event in Pennsylvania the evening of July 15, told reporters that Section 232 tariffs on pharmaceuticals will start "probably at the end of the month, and we're going to start off with a low tariff and give the pharmaceutical companies a year or so to build, and then we're going to make it a very high tariff, because we gotta move them here."
In a social media posting the evening of July 9, President Donald Trump wrote, "I am announcing a 50% TARIFF on Copper effective August 1, 2025, after receiving a robust NATIONAL SECURITY ASSESSMENT."
Commerce Secretary Howard Lutnick told CNBC July 8 that the Section 232 investigation and report on copper undertaken by his department is finished, and has been sent to the president, and that the proclamation will be issued within a day or two. He said a 50% tariff on copper-- the same as for aluminum and steel -- is "likely to be put into place the end of July, maybe August 1."