Section 232 tariffs on heavy- and medium-duty trucks and their parts and on buses will take effect Nov. 1, under a proclamation issued by President Donald Trump. Tariffs will be set at 25% for classes III through VIII trucks and their parts, and 10% on buses.
Section 232 tariffs on heavy- and medium-duty trucks and their parts and on buses will take effect Nov. 1, under a proclamation issued by President Donald Trump. Tariffs will be set at 25% for classes III through VIII trucks and their parts, and 10% on buses.
RANCH MIRAGE, Calif. -- The Federal Maritime Commission is increasing its enforcement action against ocean transportation intermediaries (OTIs) to promote adherence to licensing and tariff regulations, speakers said at the Pacific Coast Council’s Western Cargo Conference last week.
The increase in U.S. tariffs enacted by the Trump administration is likely to persist "for several more administrations," according to former White House Trade Adviser Kelly Ann Shaw.
The Senate Appropriations Committee's subcommittee responsible for the Commerce, Justice, Science, and related agencies' spending bill will hear from the U.S. trade representative on Oct. 21. The subcommittee is led by Sen. Jerry Moran, R-Kan.
President Donald Trump posted on social media that he and Russian President Vladimir Putin had a long, "very productive" phone call on Oct. 16. In addition to talking about the ceasefire in Gaza and the first lady's efforts to get Ukrainian children held in Russia or Russia-occupied Ukraine back to their parents in free Ukraine, "we also spent a great deal of time talking about Trade between Russia and the United States when the War with Ukraine is over," he wrote.
President Donald Trump, in response to a question about whether he would engage in trade talks with India, said that Indian Prime Minister Narendra Modi "assured me today that they will not be buying oil from Russia. That's a big stop. Now I got to get China to do the same thing."
President Donald Trump told reporters on Oct. 15 that he would like to attend the Nov. 5 oral argument at the Supreme Court regarding whether he can use the International Emergency Economic Powers Act to impose tariffs. After declaring that the tariffs he has imposed are essential for economic and national security matters, Trump said: "I'm going to go to the Supreme Court to watch it. I've not done that, and I've had some pretty big cases."
U.S. Trade Representative Jamieson Greer faced some skepticism at a Republican lunch this week, but how much is unclear, since many Republicans were circumspect in describing the conversation. However much intra-party pushback there is toward the administration's tariff and trade policy, one senator told International Trade Today that it doesn't matter in the end.
RANCHO MIRAGE, Calif. -- The downturn in cargo volumes may be muting any market impact of U.S. efforts to collect fees on Chinese-built and -operated ocean vessels, a panelist recently said at the Western Cargo Conference.