Treasury Secretary Scott Bessent said after two days of meeting with Chinese negotiators, he anticipates a threatened additional 100% tariff on Chinese goods won't come Nov. 1, and that the Chinese will defer their critical minerals export control licensing scheme.
The Trump administration signaled that it doesn't expect to have a signing ceremony of a trade framework with South Korea while the president is there in the coming days for the Asia-Pacific Economic Cooperation summit.
U.S. Trade Representative Jamieson Greer is launching a Section 301 investigation on how China implemented -- or failed to implement -- its commitments in the phase one trade agreement. It will examine if there was a burden on U.S. commerce from non-implementation "and what action, if any, should be taken in response."
The Office of the U.S. Trade Representative is seeking comments on what remedy should be used to react to Nicaragua's human rights and labor rights violations, and the country's "dismantling of the rule of law."
Nicholas Burns, a career diplomat who served as ambassador to China in the Biden administration, told the Atlantic Council that while the Trump administration may have miscalculated "that China didn't have real weight to throw around," he also thinks President Donald Trump has been right to be "tough-minded" on China's economic policies.
U.S. Trade Representative Jamieson Greer told a TV reporter that he and Treasury Secretary Scott Bessent were leaving for Malaysia on Oct. 22, to hold trade talks with their Chinese counterparts.
President Donald Trump pushed back on complaints from cattle ranchers and politicians who have large cattle industries in their states, arguing that the 50% tariff he put on Brazilian beef already juiced their bottom lines.
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The Office of the U.S. Trade Representative says that Nicaragua's leaders are repressing labor rights and human rights, and dismantling the rule of law, and that these authoritarian actions are directly and indirectly harming U.S. commercial interests.
President Donald Trump told reporters that unless China stops fentanyl shipments, resumes buying U.S. soybeans and stops playing "the rare earth game with us," he won't lower tariffs.