Bessent floats plan to keep tariffs in place
“‘We can recreate the exact tariff structure with [sections] 301, with 232, with 122,’ Bessent said, and then confirmed when Sorkin asked if those measures would be implemented ‘permanently.’”
[Raw Story]
U.S. trade chief says China has complied with terms of trade deals
“President Donald Trump and Chinese President Xi Jinping in late October agreed to extend a tariff truce, roll back export controls and reduce other trade barriers. But some elements of the deal — including the soybean purchases, sale of social media app TikTok and an increase in licenses to export critical rare earths from China — remain in progress.”
[Bloomberg]
Trump is threatening to get rid of one of the biggest reasons prices have remained in check
“The deal, which replaced the North American Free Trade Agreement, is scheduled to undergo a review in July, and already Trump is signaling he wants out. If that happens, it likely would usher in a floodgate of higher prices from which Americans have so far been shielded.”
[CNN]
Trade deal with Indonesia at risk of collapse, U.S. official says
“U.S. officials believe Indonesia is ‘backsliding’ on the elimination of non-tariff barriers on industrial and agricultural exports from the U.S. as well as commitments to take action on digital trade issues.”
[Reuters]
Mexico delays requirement for electronic value declaration
“Until March 31, 2026, those who bring goods into national territory may comply with the obligation to provide the declaration of value, either through its transmission in the VUCEM, or under the traditional scheme, as they have been complying until now.”
[Mexican Tax Administration Service]
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