Trade chief pushes for order after rocky tariff rollout
“One likely outcome is for USTR to create a formula for a single rate for each country based on that nation’s average tariff level and other measures the Trump team considers discriminatory, according to people familiar with the plans. The rates, though, could be adjusted based on Trump’s perception of whether a country has been cooperative or combative, one of the people said.”
[Bloomberg]
Rubio says U.S. could engage in new trade deals after tariffs imposed
“Rubio, who did not give details of what the new deals could look like, said the United States would ‘reset the baseline’ to ensure it was treated fairly.”
[Reuters]
Trump administration cuts export office staff amid escalating trade war
“‘The thing is that these people and these particular jobs, they have acquired a lot of very specific knowledge on the U.S. regulations and laws dealing with trade affairs, and they’re not easily replaced,’ Hufbauer said.”
[The Hill]
EU launches talks on new trade and investment deal with South Africa
“South Africa will be the first country to sign such an agreement with the EU. It will focus on investment, the clean energy transition, skills, and technology, and on developing strategic industries along the entire supply chains – thus creating good jobs in Africa. The leaders also agreed to extend their cooperation to critical raw materials.”
[European Commission]
Brazil to eliminate import tariffs on basic food items
“The list includes meat (current import tariff is 10.8%), coffee (9%), sugar (14%), corn (7.2%), olive oil (9%), sunflower oil (9%), sardines (32%), biscuits (16.2%), and pasta (14.4%).”
[UkrAgroConsult]
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