Background

U.S. will uphold tariff caps in deals with EU, Japan, and others

“Greer, talking about the EU trade ‌deal, ⁠said the agreement acknowledged that the U.S. could impose tariffs ‘up to a certain level’ and that the Section 301 investigations gave U.S. President Donald Trump the authority to do so.”

[Reuters]

Trump’s trade war has a new target: forced labor. The case behind it is far from simple

“‘I actually kind of felt bad for USTR, because in order to show a Section 301 violation, it had to argue two things,’ said LeClerq, who laid out her issues with the USTR tariffs in a post for the International Economic Law and Policy Blog last week. ‘First, it had to argue that forced labor goods are still making it into the United States, because if it can’t say that, then it can’t say that our producers are [being] harmed. [Next,] it had to argue that CBP is doing a very effective job, in order to show that it’s the lack of effectiveness in other countries that places the United States at a disadvantage.’”

[CNBC]

Mexico, South Korea ditch FTA talks, pursue trade framework

“The agreement positions South Korea as a strategic industrial partner within Mexico’s broader trade policy reorientation toward high-value manufacturing and regional content compliance.”

[Mexico Business]

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