Tariffs News Updates

CEO Noel Hacegaba told reporters that the Port of Long Beach was the most active port in the U.S. last month, beating its Southern California neighbor, the Port of Los Angeles.

President Trump will sign a directive in the coming days raising his global tariff to 15% “where appropriate” and is seeking “continuity” with nations that struck trade deals, an official said.

The Trump administration is likely to face legal obstacles if it argues against refunds for the tariffs struck down by the Supreme Court — thanks to statements by Justice Department lawyers.

Trump’s new policy will increase duties above the maximum allowed level on European exports including cheese, butter, some agricultural products, and several plastics, textiles and chemicals.

“We expect that level to remain in place. We don’t intend to escalate beyond that. We intend to really stick to the deal that we had before,” Jamieson Greer said on Fox Business.

Israel plans to make further trade concessions to the U.S. on food and agricultural goods as part of efforts to persuade its closest ally to ease tariffs on exports from the Jewish state.

European Union officials believe the U.S. will soon streamline its broad tariffs on products containing steel and aluminum, a topic that’s been an irritant in transatlantic relations.

The Supreme Court’s decision on President Donald Trump’s sweeping tariffs may drive up cargo volume, Port of Los Angeles Executive Director Eugene Seroka said.

Donald Trump’s new 10% global tariffs went into effect Feb. 24, kicking off a White House effort to preserve the president’s trade agenda after the Supreme Court struck down his original duties. 

The rise in confidence comes as recent data has indicated the labor market is showing some signs of stabilization and inflation has been relatively tame.