South Korea has become the first nation to be permanently exempted from President Donald Trump’s steel and aluminum tariffs as part of a newly renegotiated free trade agreement between the two countries announced today. The Trump administration has used the possibility of tariffs as leverage in other trade issues as well, such as renegotiating the […]
In Brussels, there’s been little sign of rejoicing that the European Union, along with some other major U.S. trading partners, has dodged, for now, the steep steel and aluminum tariffs that went into effect today. The exemption is temporary, short and conditional. French President Emmanuel Macron said the exemption was “not considered satisfactory.” German Chancellor […]
Trade warriors are on the lookout for China to retaliate against the administration’s barrage of tariffs. A likely first target is agriculture — the U.S. exports massive amounts of sorghum and soybeans to China. In fact, China imports so much U.S. soy that some have said it can’t afford to restrict it with its own tariffs. […]
The White House announced today a series of actions aimed at countering what it calls unfair Chinese trade practices. We got tariffs on $60 billion worth of Chinese goods each year, and we got litigation, with the U.S planning to sue China more at the WTO. And finally, the president says he’s going to limit […]
President Donald Trump’s import duties on steel and aluminum take effect Friday. The Europeans have already drawn up their list of retaliatory items. There’s serious talk at the White House of extra tariffs on Chinese products and counterthreats to take the United States to the World Trade Organization. It handles commercial disputes among its 164-member […]
A beer trade group with members that sell the beverage in aluminum cans. Companies that want to show their products have a role in national security. And foreign trading blocs like the European Union. All these entities are trying to figure out the new rules when it comes to applying for exemptions from tariffs on […]
