The EU Parliament is debating a proposal to lower its own tariffs, operating as though the U.S. is upholding its end of the U.S.-EU agreement, despite apparent U.S. failure to enact promised tariff reductions on EU goods. On Sept 1, the EU Parliament held an extraordinary meeting of the Committee on International Trade to discuss the legislation and the deal as a whole.
The U.S. apparently failed to implement promised tariff reductions on European Union goods in time for a Sept. 1 deadline outlined in an EU-U.S. joint statement issued Aug. 21.
President Donald Trump claimed that India offered to "cut their Tariffs to nothing," as India's Prime Minister, Narendra Modi, stood firm against U.S. tariff pressure and promised deeper trade ties with Russia.
DOJ launched a cross-agency "Trade Fraud Task Force" on Aug. 29 to "bring robust enforcement against importers and other parties who seek to defraud the United States," the agency announced. The task force will bring together attorneys from the agency's civil and criminal divisions, along with officials at CBP, to target tariff evasion and "smugglers who seek to import prohibited goods into the American economy."
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President Donald Trump said that the administration will petition the Supreme Court on Sept. 3 to make an "expedited ruling" on the legality of tariffs he imposed on every country through the International Emergency Economic Powers Act.
Rep. Hillary Scholten, D-Mich., is asking the House Ways and Means chairman to direct the International Trade Commission to conduct a fact-finding investigation on the economic impacts of Peruvian blueberry exports on American blueberry growers.
Five House Democrats, including Rep. Gregory Meeks, ranking member of the House Foreign Affairs Committee, introduced a resolution to terminate the emergency that allowed President Donald Trump to hike tariffs on some Brazilian goods from 10% plus most-favored nation tariffs to 50% plus MFN.
The U.S. Court of Appeals for the Federal Circuit on Aug. 29 said the president doesn't have unlimited tariff authority under the International Emergency Economic Powers Act. Seven of the court's 11 total justices presiding over the case affirmed the Court of International Trade's conclusion that President Donald Trump's reciprocal tariffs and tariffs on China, Canada and Mexico meant to combat the flow of fentanyl exceed the president's authority under IEEPA.
The U.S. Court of Appeals for the Federal Circuit on Aug. 29 said President Donald Trump exceeded his authority under the International Emergency Economic Powers Act by imposing the reciprocal tariffs and tariffs on China, Canada and Mexico to combat the flow of fentanyl. Declining to address whether IEEPA categorically provides for tariffs, though spilling much ink on the topic, a majority of the court held that IEEPA doesn't confer unbounded tariff authority (V.O.S. Selections v. Donald J. Trump, Fed. Cir. #s 25-1812, -1813).