Trump’s deal with the UK sends a clear message: 10% tariffs are here to stay
“Trump also suggested the deal is likely to be rare due to the two countries’ balanced trading relationship and close political ties — meaning it’s unlikely any country will be tariff-free under his second administration.”
[CNBC]
U.S. tariff pause on Beijing puts pressure on China-plus-one countries
“Tariffs on China still remain higher than competing industrial hubs paying 10% under Trump's 90-day pause on the reciprocal duties, but some experts said the deal could halt some of the momentum pushing multinationals to further shift supply chains outside of China.”
[Reuters]
CIT panel doubts Trump authority for “Liberation Day” tariffs
“A three-judge panel appeared skeptical Tuesday that President Donald Trump had the authority to impose blanket tariffs against foreign trade partners under a Nixon-era statute intended to define the president’s role over economic transactions following the declaration of a national emergency.”
[Courthouse News Service]
Mexico expects early review of USMCA trade pact
“Trump has publicly pushed for the agreement to be renegotiated ahead of time and has called for the U.S. to receive better trade terms with all of its commercial partners.”
[Reuters]
Trump to remove U.S. sanctions on Syria in major policy shift
“Removing US sanctions that cut Syria off from the global financial system will clear the way for greater engagement by humanitarian organisations working in Syria, easing foreign investment and trade as the country rebuilds.”
[Reuters]
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