Nearly 750 organizations and businesses gave input to the administration on trade barriers or subsidies that prevent them from reaching their sales potential.
President Donald Trump said on social media he is "strongly considering large-scale" sanctions and tariffs on Russia "until a Cease Fire and FINAL SETTLEMENT AGREEMENT ON PEACE IS REACHED."
CBP has postponed indefinitely an enhancement within ACE that would withhold the release of de minimis shipments that exceed the $800 per person/per day threshold, according to the February development and deployment schedule released last week.
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President Donald Trump posted that if Russian President Vladimir Putin doesn't "make a 'deal,' and soon, I have no other choice but to put high levels of Taxes, Tariffs, and Sanctions on anything being sold by Russia to the United States, and various other participating countries."
CBP is expanding the number of supply chain entity party types that can input Global Business Identifiers in the ACE Cargo Release from the original six optional parties or filers to include two new parties: “Intermediary” and “Source,” according to a Federal Register notice seeking approval from the Office of Management and Budget for CBP's planned changes in information collection.
Auto sector manufacturers and importers will have 425 days to cut Chinese software that enables automated driving systems or enables a vehicle to connect to the outside world at a frequency above 450 MHz from their supply chains, according to a final rule from the Bureau of Industry and Security set to be published Jan. 16.
Rep. Don Beyer, a long-time trade liberalization advocate, led a 90-minute hearing making the case against more tariffs in the second Trump administration, and Senate Budget Committee Chairman Sheldon Whitehouse, Majority Leader Chuck Schumer and Senate Finance Committee Chairman Ron Wyden slammed the economic impact of campaign tariff promises as the Democrats try to use their bully pulpits in the last week before Republicans will have control at both ends of Pennsylvania Avenue.
President-elect Donald Trump tweeted a threat on Nov. 30 that he had earlier made on the campaign trail -- that he will impose 100% tariffs on exports from countries who try to create a workaround to trading in dollars, the world's reserve currency.
President-elect Donald Trump's Treasury Secretary nominee, hedge fund CEO Scott Bessent, has talked about tariffs as a way to "escalate to de-escalate," with the goal of "getting rid of all the tariffs."