The 12 U.S. states challenging President Donald Trump's ability to impose tariffs under the International Emergency Economic Powers Act filed their reply brief at the Supreme Court on Oct. 20, arguing that the text of IEEPA doesn't allow for any tariffs to be imposed and that Trump's reciprocal tariffs and tariffs to combat the flow of fentanyl don't meet the statute's other requirements (Donald J. Trump v. V.O.S. Selections, U.S. 25-250) (Learning Resources v. Donald J. Trump, U.S. 24-1287).
President Donald Trump and Australian Prime Minister Anthony Albanese signed a critical minerals development framework that pledges investment in the sector, both mining and processing.
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.
Rep. Sean Casten, a Democrat from the top soybean-producing state, Illinois, led a letter with 36 other Democrats asking President Donald Trump to terminate the reciprocal tariffs and fentanyl tariffs he levied under the International Emergency Economic Powers Act.
Although cargo volumes at the Port of Los Angeles have remained relatively strong compared with that at smaller U.S. ports, it doesn’t mean that the port has avoided feeling any impact of the U.S. trade policies, the executive director for the port said at a monthly media briefing earlier this week.
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."
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.
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.
CBP issued a CSMS message with guidance on Section 232 tariffs on timber, lumber and derivative products. The guidance largely repeats what was said in the annexes to President Donald Trump’s Sept. 29 proclamation imposing the tariffs (see 2509300017), with additional information on reporting exemptions from reciprocal tariffs and additional tariffs on Brazil and India.