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Trade policy uncertainty and the prospect of more tariffs could disrupt global goods trade, according to a World Trade Organization report released this week. Global goods trade was steady in the fourth quarter of last year and appear to continue growing in the first months of 2025, but that could be undone by a looming global trade war.
Legislation being championed by a bipartisan group of senators would encourage the Administration to engage in trade negotiations to ensure secure supply chains for medical goods and services.
On the same day that he slapped 25 percent tariffs on all imported steel and aluminum, President Trump made clear he is turning his sights on the European Union as his next target. Mr. Trump told reporters that he is “of course” going to raise tariffs even more on the EU after Brussels announced it is retaliating against the US steel and aluminum tariffs.
Commerce has launched two separate investigations to assess the impact of copper and wood product imports on national security. Initiated under Section 232 of the Trade Expansion Act of 1962, these investigations will evaluate the reliance on foreign supply chains, potential risks to critical industries, and the feasibility of expanding domestic production. The Bureau of Industry and Security is soliciting public comments, with submissions due by April 1, 2025.
Rep. John Moolenaar (R-MI), Chairman of the House Select China Committee has written Commerce Secretary Howard Lutnik asking for a briefing on exxport controls on access to American universities' supercomputing resources.
The Department of State is seeking public comment and submission to the Office of Management and Budget (OMB) regarding the proposed collection of information related to Form DSP-85. "Application/License for Permanent/Temporary Export or Temporary Import of Classified Defense Articles and Related Classified Technical Data."
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