White House

The impetus for this planned action, Trump said, was due to China taking what he described as an extraordinarily aggressive position on trade, in the form of imposing large scale export controls on nearly every product made in China and some not made in China, including rare earth minerals.

A White House executive order issued yesterday announced new tariffs on imports of timber, lumber, and their derivative products (wood products), focused on an effort, to bolster American industry and protect national security.

The White House issued an executive order earlier this month, which it said it takes steps to modify tariff policies and also establish procedures to implement trade and security agreements with foreign partners, in regards to what it called persistent U.S. goods trade benefits that are considered a national security threat.

The United States Supreme Court said yesterday that it has agreed to hear arguments in regards to the legality of tariffs implemented by the White House under the International Emergency Economic Powers Act (IEEPA), in the form of an expedited review set to begin in November.  

Following an executive order issued in May, which ended the de minimis exemption—allowing shipments under $800 sent from China and Hong Kong to the U.S. to not be subject to tariffs, the White House this week issued a new executive order suspended the de minimis exemption for various imported goods.

As expected, the White House today, as of 12:01 A.M. ET, officially increased tariffs on steel and aluminum products imported into the United States from 25% to 50%. This move is the latest in the ongoing series of tariff actions taken by the U.S. since President Trump began his second term.

Experts warn the move could drive up costs and strain global supply chains already under pressure.

Logistics industry braces for prolonged legal battle over IEEPA, as tariff status whiplash complicates supply chain strategy and capital planning.

Under the terms of the agreement, the U.S. and China said in a joint statement that, effective May 14, U.S. tariffs on Chinese imports will drop from 145% to 30%, while China will cut its own tariffs on American goods from 125% to 10%. And President Trump’s 20% fentanyl-related tariff will stay in place, but most of the broader trade war measures will be temporarily relaxed. These changes will remain intact for 90 days, through August 12.

The U.S. Department of Commerce labeled it a historic trade deal-providing unprecedented access to the U.K. markets while bolstering U.S. national security. And it added that the trade deal will usher in a golden age of new opportunity for U.S. exporters, establishing a long-sought level playing field for American producers. 

In an Executive order issued yesterday, President Trump again increased tariffs on United States-bound imports from China. The rationale for the increase, as noted in the Executive Order, is due to retaliatory actions taken by China in response to tariffs placed on it by the U.S.

The move spares electronics from 145% import tax as companies warn of price hikes.

The order proposes new tariffs, investment incentives, and logistics reforms aimed at reducing reliance on China.

As expected, President Trump today signed an Executive Order, entitled “Regulating Imports with a Reciprocal Tariff to Rectify Trade Practices that Contribute to Large and Persistent Annual United States Goods Trade Deficits,” in which the United States will institute reciprocal tariffs on countries throughout the world.

Effective April 3, the White House announced yesterday that it will move forward with a 25% tariff on automobiles, with a matching 25% tariff on certain automobile parts imported into the United States, effective on May 3. The primary objective of the tariff is to encourage automakers to manufacture more vehicles in the U.S. and address what the White House calls a critical threat to U.S. national security.