Two Trump appointees, along with the three liberal justices, had sharp questions for the Trump administration's advocate as the Supreme Court held a nearly three-hour hearing on the constitutionality of tariffs imposed around the world under the International Emergency Economic Powers Act.
As the Office of the U.S. Trade Representative considers whether the U.S. wants to continue the USMCA, it will evaluate more than 1,500 comments from farmers, manufacturers, retailers, civic society and broad business interests that operate in all three countries.
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).
As companies navigate the increasingly complex U.S. trade landscape, companies should "shift left" and adjust their trade compliance strategies so that potential compliance issues are caught upstream in areas such as sales, procurement and development before hitting the duty filing stage, a software developer said at the International Compliance Professionals Association conference in Grapevine, Texas, on Oct. 27.
President Donald Trump, speaking to reporters on Air Force One as he flew in Asia, said he expects that the 20% tranche of tariffs on China, levied due to China's lack of action to crack down on fentanyl trafficking, will be lowered after he meets with President Xi Jinping in South Korea.
President Donald Trump told reporters Oct. 27 that he had a good meeting with Brazil's president while he was in Malaysia. "We'll see what happens. I don't know if anything's gonna happen, but we'll see. They'd like to do a deal. We'll see. Right now they're paying, I guess, a 50% tariff. But we had a great meeting."
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.
President Donald Trump signed trade deals with Cambodia and Malaysia, leaving 19% tariffs on both Cambodian and Malaysian goods, with some carve-outs for tropical fruits and woods, minerals, and some goods covered by pending Section 232 investigations, such as aviation parts and chemicals used to make pharmaceuticals. The 19% tariffs layer on top of most-favored nation rates, which, in the case of apparel and shoes that dominate Cambodia's top exports, are already quite high.
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.