Chip export deal raises legal questions
“The deal represents a notable shift in how the government approaches export controls. ‘It’s quite extraordinary because it turns the export control function of the government into a money-raising proposition, and that’s never happened before,’ Hufbauer said.”
[The Hill]
Trump says gold will not be tariffed
“The precious metal hit a record high Friday, after U.S. Customs and Border Protection ruled that 1 kilogram and 100 ounce gold cast bars from Switzerland were subject to Trump’s 39% tariffs on imports from the country. … The ruling would have applied not just to Switzerland but to any country exporting these types of gold bars to the U.S., according to the Swiss Precious Metals Association. In other words, gold bars would have been subject to the prevailing U.S. tariff rate against the country of origin.”
[CNBC]
Indonesia, Peru sign free trade deal
“Indonesia's top export products were cars and car parts, biodiesel and footwear, while it mainly imported cocoa beans and grapes.”
[Reuters]
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