Tariffs News Updates

Trump previously threatened to hike tariffs on European auto imports to 25% from 15% because the EU hadn’t moved quickly enough to implement the deal.

Yet trade ambassador Jamieson Greer said the two sides had discussed creating a “Board of Trade” that would see tariffs reduced on $30 billion in noncritical goods.

President Donald Trump said he would prioritize trade discussions over the Iran war during his summit with Chinese counterpart Xi Jinping.

The Trump administration is in the process of issuing more than $35.5 billion to importers who successfully filed for tariff refunds.

A federal appeals court has temporarily paused a ruling that declared President Trump’s latest 10% global tariffs unlawful.

The administration is now fine-tuning potential directives aimed at alleviating temporary shortages in the domestic beef market, a White House official said. 

The Trump administration asked the U.S. trade court to pause a ruling that declared the president’s latest 10% global tariffs unlawful while the government appeals.

The move would suspend the annual tariff-rate quota, which would enable more of the product to enter the U.S. at low rates.

A split three-judge panel of the Court of International Trade in New York found the 10% global tariffs were illegal after small businesses sued.

President Trump said that goods from the EU would face higher tariff rates if the 27-member bloc fails to approve last year’s trade framework by July 4.