Peter Navarro, White House senior counselor for trade and manufacturing, argues that academics, editorial writers and analysts who say higher tariffs hurt domestic manufacturing are all wrong.
President Donald Trump, when asked if another 100% tariff on top of existing tariffs on Chinese goods would damage the economy, said, "It's not sustainable, but that's what the number is."
CBP issued the following releases on commercial trade and related matters:
RANCHO MIRAGE, Calif. -- As CBP ramps up trade enforcement, companies must not only strive to have their supporting documents in order, they also must scrutinize CBP's enforcement actions to ensure the agency is interpreting matters correctly, trade attorneys said at last week's Western Cargo Conference (WESCCON).
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.
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.
China is looking to shorten its export license application review times, and potentially issue exemptions, as it approaches the Dec. 1 effective date of its new rules to restrict overseas exports that contain certain levels of Chinese-origin material (see 2510090021), a Commerce Ministry spokesperson said Oct. 16 during a press conference.
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.