Government shake-up hits agency enforcing export controls aimed at China
“And amid reverberations in the global hi-tech sector following AI breakthroughs by Chinese start-up DeepSeek and talk of a possible major deal with Beijing, the BIS is undergoing significant personnel and policy changes under the Trump administration.”
[South China Morning Post]
Trump says new China trade deal possible despite tensions
“Trump did not describe the parameters of a potential deal, and any agreement would face significant obstacles — some of the president’s own making. Trump has ratcheted up pressure on China with an additional 10% tariff on all imports from the country, punishment for what he said are unfair Chinese trade practices and failure to stop the flow of fentanyl into the US.”
[Bloomberg]
EU trade chief says U.S. shows willingness to work avoid tariff pain
"‘They're very open to discuss everything which concerns lowering the tariffs,’ he said, adding that a big priority was the automotive sector and how to lower and eventually eliminate tariffs, as well as mutual recognition of standards.”
[Reuters]
Seoul asks U.S. to exclude Korea from new tariff scheme
“Park stressed Korea's contribution to the U.S. economy, including massive investments by Korean companies and bilateral economic cooperation, as part of the reasons to exclude Seoul from a series of U.S. tariffs on steel and aluminum, as well as reciprocal tariffs, according to the ministry. He also highlighted the fact that most of the tariffs on items traded between the two countries have been removed under the Korea-U.S. FTA.”
[The Korea Times]
Copyright © 2025 Sandler, Travis & Rosenberg, P.A.; WorldTrade Interactive, Inc. All rights reserved.