Despite continued aggressive rhetoric around trade policy, tariff levels heading into 2026 are likely to stabilize as the Trump administration pivots to affordability issues, according to Flexport executives speaking during a Jan. 8 webinar on tariff trends.
Rep. Max Miller, R-Ohio, has introduced a bill that would reduce or waive tariffs on some imports for manufacturers who qualify for new general import licenses.
Former House Speaker Paul Ryan, a Republican and self-proclaimed free trader, said the president should lose in the Supreme Court on his use of the International Emergency Economic Powers Act to impose tariffs.
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Congress may want to assert itself on trade in softwood lumber, whether by codifying higher tariffs to protect the U.S. lumber industry, or by pushing for a new softwood lumber agreement to end trade remedies. A Dec. 30 Congressional Research Service report also said that Congress could commission a report "on the benefits and costs of softwood lumber duties for the U.S. economy."
The White House said it has made an agreement with Israel to offer permanent concessions on some agricultural products, the outlines of which were first established in 2004, but since there needs to be more time to make the permanent modifications, it is offering one more year of duty-free access.
The Commercial Customs Operations Advisory Committee will hold a meeting on Wednesday, Jan. 14, 1 p.m. to 5 p.m. ET. The meeting will be open to the public via webinar only, CBP said in a Federal Register notice. Comments must be submitted by 5 p.m. ET on Jan. 9, and the meeting link will be available on this page by 5 p.m. ET on Jan. 13.
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.
U.S. Trade Representative Jamieson Greer said the Trump administration will recommend renewal of USMCA only if 20 issues can be resolved, and maybe more, as he told Congress this isn't an exhaustive list.