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United States Trade Representative Jamieson Greer announced that the United States has formally requested that Mexico review alleged violations of labor rights at Tubos de Acero de Mexico, S.A. (TAMSA), a steel pipe manufacturer in Veracruz.
The Office of the United States Trade Representative (USTR) has launched its biennial review of country eligibility under the Caribbean Basin Initiative (CBI) and is soliciting public comments to inform its report to Congress.
Department of Commerce’s International Trade Administration (ITA) has opened the application process for automobile manufacturers to request tariff relief under the Import Adjustment Offset Program established by Presidential Proclamation 10925. The program aims to subsidize U.S. automobile assembly operations and reduce reliance on imported parts that the administration has deemed a national security risk.
Treasury Secretary Scott Bessent repeatedly denied that tariffs are taxes in an appearance before the Senate Finance Committee Thursday, saying there is no “empirical evidence” that prices are rising because of President Trump’s tariffs.
Following high-level U.S.–China trade talks in London, Commerce Secretary Howard Lutnick announced that the United States will reverse recently imposed export controls on ethane shipments to China. The decision ends a short-lived but disruptive policy that, according to observers, revealed deep flaws in U.S. economic statecraft.
Treasury’s Office of Foreign Assets Control (OFAC) has imposed a $215,988,868 civil penalty on GVA Capital Ltd., a San Francisco-based venture capital firm, for egregious violations of U.S. sanctions targeting Russia and Ukraine, and for failing to comply with a federal subpoena.
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