Brett Fortnam

1 week ago | insidetrade.com | Brett Fortnam

This Week In Trade This Week In Trade Trump administration officials spent the weekend insisting that semiconductors and pharmaceuticals were exempted from the new U.S. tariff regime because they will face national security tariffs, which could come "in the next month or two," according to the Commerce secretary.

2 weeks ago | insidetrade.com | Brett Fortnam

Beijing on Friday announced what it said would be its last tariff hike on U.S. goods, raising a blanket rate for all imports from the U.S. to 125 percent to effectively block U.S. products from the Chinese market, according to the State Council’s Customs Tariff Commission. The move could put an end to tit-for-tat tariff escalations that began when President Trump announced a 34 percent tariff on Chinese goods last week as part of a new tariff regime . China... Not a subscriber?

2 weeks ago | insidetrade.com | Brett Fortnam

The U.S. should avoid tariffs on semiconductors, Senate and House lawmakers this week told U.S. Trade Representative Jamieson Greer over two days of hearings on U.S. trade policy. The Trump administration excluded semiconductors and a handful of other products from the new tariff regime it announced last week. The excluded products, however, could soon face tariffs via other avenues, officials, including Greer, have said.

2 weeks ago | insidetrade.com | Brett Fortnam

House Minority Leader Hakeem Jeffries (D-NY) on Thursday called on House Speaker Mike Johnson (R-LA) and other Republicans to publicly defend President Trump’s new tariff regime and allow a House vote on whether the national emergency the president declared to impose the new tariffs should stand. “House Republicans are afraid of an up-or-down vote in terms of pushing back against the Trump tariffs, which are a tax on the American people, the largest tax increase on the American people since...

2 weeks ago | insidetrade.com | Brett Fortnam

Beijing on Thursday said it was willing to hold trade talks with the U.S. but stopped short of calling for negotiations after the Trump administration confirmed its exports to the U.S. now face 145 percent tariffs. The White House on Thursday published an executive order implementing President Trump’s 90-day pause on so-called “reciprocal” tariffs while increasing the tariff rate for Chinese goods to 125 percent.