European leaders should not assume that Trump’s tariff threats are “just a bluff,” one of Trump's international economic advisers in his first term says.
The president has already expressed opposition to Japanese-owned Nippon’s proposed takeover of U.S. Steel, saying the iconic U.S. company should remain American owned.
Under pressure from the U.S., the G7 is rolling out new initiatives to counter China’s economic reach. There’s little agreement on how much further to go.
WTO members had little to show for five days of talks in Abu Dhabi, other than the extension of a digital trade tariff moratorium that has been in place since 1998.
The failure of WTO member countries to produce anything meaningful at the group’s 13th Ministerial Conference could further erode the Geneva-based organization’s ability to create new global trade rules.
The decision was made by U.S. Trade Representative Katherine Tai, who is delegated authority from the president to review and potentially overturn import ban orders imposed by the ITC under U.S. trade law.
Leaders in both parties have been more restrained than some rank-and-file lawmakers — a sign of the countervailing economic and political dynamics at play.
The remarks come as the Biden administration is continuing its review of the tariffs that former President Donald Trump imposed on more than $300 billion worth of Chinese goods to determine whether any changes should be made.
2023 could mark the year that rising geopolitical friction between Washington and Beijing finally persuaded many American companies to find other suppliers.