The U.S. will drop tariffs on Chinese goods by 10 percentage points on Nov. 10, and also will stop collecting ship-docking fees under the Section 301 action on shipbuilding on that date, the administration announced over the weekend. The fees are suspended for one year.
Asia Society think tank experts, in an analysis of President Donald Trump's visit in Malaysia, Japan and Korea, called the trip very successful.
The Trump administration filed its reply brief on Oct. 30 in the Supreme Court cases on the legality of tariffs imposed under the International Emergency Economic Powers Act, addressing a host of arguments relating to the text of the IEEPA, all of the statute's requirements and the history of the measure (Donald J. Trump v. V.O.S. Selections, U.S. 25-250) (Learning Resources v. Donald J. Trump, U.S. 24-1287).
President Donald Trump, on a flight to Florida for the weekend, told reporters that China is "working very hard" on cracking down on fentanyl precursor trafficking, in the hopes of completely eliminating the 20 percentage points of tariffs the U.S. imposed over that issue. Trump already agreed to reduce it by 10 percentage points.
House Ways and Means Committee Chairman Jason Smith has added his voice to the chorus of Republicans pushing back on President Donald Trump's plan to increase Argentinian beef imports, in the aim of lowering beef prices on grocery store shelves.
A majority of the Senate voted to end the fentanyl emergency for Canada, which underlies 30% tariffs on some Canadian goods, under the International Emergency Economic Powers Act.
The Senate voted 51-47 to terminate the national emergency based on the trade deficit, the emergency the president used to impose tariffs of between 10% and 39% on nearly every country in the world.
The U.S. is dropping 10 percentage points of the 20% fentanyl tariff on China, and is also lifting port fees on Chinese commercial ships, after President Donald Trump and Chinese President Xi Jinping met in South Korea.
President Donald Trump, after talking with Chinese President Xi Jinping in Korea, told reporters that he will be lowering tariffs on Chinese goods by 10%, because China is going to crack down on fentanyl trafficking. A reporter on Air Force One asked about the fees that Chinese ships must pay when they arrive at U.S. ports, and U.S. Trade Representative Jamieson Greer said those fees will be postponed while the two sides negotiate over what the U.S. calls market-distorting subsidies in the shipbuilding sector. In the 100-minute meeting, China also said it would delay an export licensing scheme for rare earth materials.
Sens. Catherine Cortez Masto, D-Nev., and Rand Paul, R-Ky., introduced a bill Oct. 29 to repeal reciprocal tariffs that apply to coffee imports.