EU, China and Trump
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By David Lawder and Ismail Shakil WASHINGTON, March 12 (Reuters) - U.S. President Donald Trump's administration said on Wednesday it was launching two trade investigations into excess industrial capacity in 16 major trading partners and into forced labor,
There are timeline pressures for the administration to complete its investigations. The administration has imposed 10% tariffs on foreign-made goods under section 122 of the 1974 Trade Act, but those expire after 150 days on July 24. Trump said he planned to raise that import tax to 15%, but he has yet to do so.
The US administration has launched investigations that could pave the way for new tariffs after recent legal setbacks for President Donald Trump's trade policy. The Office of the US Trade
The Supreme Court ruled in February that the president lacks the authority to impose unilateral tariffs using an emergency powers law.
BRUSSELS, March 12 (Reuters) - The European Union should only accept new U.S. tariffs that recreate the substance of the deal agreed between the two sides in Scotland last year, the chair of the European Parliament's trade ...
European stocks closed higher on Tuesday as investors assessed the new global trading landscape after President Donald Trump's tariffs move.