Tariffs will be delayed on Canada, President Donald Trump decided about eight hours before the deadline, and hours after he announced Mexico wouldn't face tariffs for the next month. He also granted Canada 30 days to convince him to keep duty-free trade flowing.
President Donald Trump posted on social media that he is holding off on imposing tariffs on Mexico for a month. "I just spoke with President Claudia Sheinbaum of Mexico. It was a very friendly conversation wherein she agreed to immediately supply 10,000 Mexican Soldiers on the Border separating Mexico and the United States," he wrote. "These soldiers will be specifically designated to stop the flow of fentanyl, and illegal migrants into our Country. We further agreed to immediately pause the anticipated tariffs for a one month period during which we will have negotiations headed by Secretary of State Marco Rubio, Secretary of Treasury Scott Bessent, and Secretary of Commerce Howard Lutnick, and high-level Representatives of Mexico."
Ocean carrier China United Lines alleges it is owed $96.4 million in reparations from Amazon because the Seattle-based shipper failed to honor a transportation service contract the parties agreed to in 2022, according to a complaint filed this month with the Federal Maritime Commission.
The chairman of the House Select Committee on China said Jan. 22 that the U.S. should take a harder line against China's aggressive policies on trade, investment and other matters.
The incoming administration is thinking about applying tariffs on strategic goods from all countries, rather than a 10% or 20% global tariff, The Washington Post reported, citing three anonymous sources.
A December report from the Labor Center at the University of Massachusetts Amherst alleges that outdoor lifestyle retailer REI has not been vigilant about ensuring the prevention of forced labor in its supply chain. REI said it's "deeply committed" to holding supply partners to "the highest standards of accountability."
President-elect Donald Trump, in a social media posting Dec. 20, wrote: "I told the European Union that they must make up their tremendous deficit with the United States by the large scale purchase of our oil and gas. Otherwise, it is TARIFFS all the way!!!"
Venable lawyers said no one knows whether President-elect Donald Trump will hike tariffs on China by 10 percentage points, by 60 percentage points, or bring current tariff levels to 60%. Nor does anyone know if the threat of 25% tariffs on Canadian and Mexican exports will become reality.
The U.S. has asked Canada for formal consultations on the 3% digital services tax on revenues of large social media platforms, e-commerce platforms and other companies that target advertising or collect data from Canadian customers.
China last week imposed sanctions against U.S. Rep. Jim McGovern, D-Mass., for frequently making "remarks and actions that interfere in China's internal affairs and undermine China's sovereignty, security and development interests," China's Ministry of Foreign Affairs announced, according to an unofficial translation. The ministry said it will impose an asset freeze and travel ban on McGovern.