Officials from Squire Patton Boggs said that if Donald Trump returns to the presidency, a 10% tariff or higher on a vast swath of imports could come very quickly, but what wouldn't be subject to the tariffs is not yet clear.
Mara Lee
Mara Lee, Senior Editor, is a reporter for International Trade Today and its sister publications Export Compliance Daily and Trade Law Daily. She joined the Warren Communications News staff in early 2018, after covering health policy, Midwestern Congressional delegations, and the Connecticut economy, insurance and manufacturing sectors for the Hartford Courant, the nation’s oldest continuously published newspaper (established 1674). Before arriving in Washington D.C. to cover Congress in 2005, she worked in Ohio, where she witnessed fervent presidential campaigning every four years.
Donald Trump, in a lengthy interview with Bloomberg's editor-in-chief, tripled down on his tariff policy, calling the word tariff "the most beautiful word in the dictionary," and saying that his plan of a 10% tariff on all non-Chinese imports is not nearly enough to reverse factory closures.
President Donald Trump will be receptive to Sen. Bill Cassidy's proposal to impose a carbon border tax, predicted Dave Banks, a former energy and environment expert in the National Economic Council and National Security Council during the first Trump term.
The strong differences in tariff and immigration policies whether Donald Trump or Kamala Harris wins the election made it difficult for a think tank's economic outlook, but Alejandro Werner, a senior fellow at the Peterson Institute for International Economics, said that Mexico will have a slow-down in foreign investment over the next couple of years because of "the uncertainty associated with the continuation of the USMCA regardless of who wins the election."
The Office of the U.S. Trade Representative opened a portal to be used for submitting exclusion requests for industrial machinery outside the solar sector.
The Seafood Import Monitoring Program covers nearly half of seafood imports, but the majority of SIMP filings later audited were not compliant, frequently because the harvest weight was wrong, or there was an incomplete chain of custody.
Less than a month from the election, Cleveland-Cliffs CEO Lourenco Goncalves invited U.S. Trade Representative Katherine Tai, Rep. Chrissy Houlahan, D-Pa., and Acting Labor Secretary Julie Su to speak at his company's Coatesville, Pennsylvania, mill about how recent policy has supported steelworkers.
Two analysts from Rhodium Group said it's quite possible the Commerce Department will give "special authorization" to Volvo and Polestar so that those cars, manufactured in the U.S., can still be sold in 2027 and beyond.
A new report from C4ADS says that although only 4% of Chinese pharmaceuticals are manufactured in Xinjiang province, FDA registrations of companies in the Uyghur region show that imports that should be banned under the Uyghur Forced Labor Prevention Act are happening.
Felicia Pullam, executive director of trade relations at CBP, defended the administration's proposal to end de minimis eligibility for goods subject to Section 301 tariffs as workable, arguing that charging a $2 fee per de minimis package will allow the agency to hire more staff to screen for contraband, and pushing back on industry arguments that collecting tariffs on low-value packages costs the agency more than that revenue.