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.
President Donald Trump, in a lengthy pep-talk to House Republicans about how to win the midterms, said that his threats of tariffs caused drug companies to lower prices in the U.S., as European countries agreed to pay more for the same medicines.
The following lawsuits were filed at the Court of International Trade during the week of Dec. 29 - Jan. 4:
A prominent political risk advisory firm says that peak tariff disruption is over, and that 2026 will bring some tariff reductions, but also continued uncertainty in several trade areas.
Sen. Lindsey Graham of South Carolina, the lead Republican in the Senate pushing for higher tariffs on countries that buy Russian oil, talked up his bill to reporters on Air Force One as he and the president flew back from Palm Beach, Florida. President Donald Trump said, "We talk a lot about legislation, and we have great legislation coming, you want to tell them?"
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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 following lawsuits were filed at the Court of International Trade during the week of Dec. 22-28:
The U.S. and Indonesia "have agreed on the substance stipulated in the reciprocal trade negotiation document," Indonesia said in a Dec. 23 news release, according to an unofficial translation. It said technical meetings for legal scrubbing would be held in the second week of January, and the agreement should be signed by the third week of January.
Two apparel trade experts said the Uyghur Forced Labor Prevention Act had a bigger impact on sourcing shifts than this year's trade war, but if the framework agreements with Guatemala and El Salvador turn into full agreements, the duty-free status for qualifying apparel from those countries could make a difference.