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Sheinbaum: Mexico will unveil 'measures' if U.S. steel, aluminum talks fail

3 days ago | insidetrade.com | Margaret Spiegelman

Mexico next week will announce potential measures to defend its interests from recently hiked U.S. national security duties on steel and aluminum unless it strikes a deal with Washington, Mexican President Claudia Sheinbaum said on Wednesday. Sheinbaum spoke during a press conference about a recent U.S. move to double tariffs on steel and aluminum imposed under Section 232 of the Trade Expansion Act of 1962.
Greer: U.S.-EU talks ‘advancing quickly’ on achieving ‘reciprocal’ trade

4 days ago | insidetrade.com | Margaret Spiegelman

Trade talks with the European Union are moving apace following a “constructive” meeting with European Trade Commissioner Maroš Šefčovič, U.S. Trade Representative Jamieson Greer said on Wednesday.
Hassett: Expect ‘few’ exceptions to Section 232 steel duties

4 days ago | insidetrade.com | Margaret Spiegelman

Exceptions for U.S. national security-based duties on steel will be “few,” White House National Economic Council Director said on Tuesday, emphasizing that the Trump administration sees them as essential for countering Chinese overcapacity. Hassett spoke about the duties, imposed by President Trump during his first term under Section 232 of the Trade Expansion Act of 1962, to an audience of steel executives gathered in Washington for the American Iron and Steel Institute’s annual general meeting.
Trump taps former Ex-Im official to serve as deputy USTR

5 days ago | insidetrade.com | Dan Dupont

President Trump has nominated Jeffrey Goettman, former executive vice president and chief operating officer of the Export-Import Bank, to serve as deputy U.S. Trade Representative. Goettman, who briefly served as acting head of Ex-Im during the first Trump administration, has been tapped to take on a portfolio including Africa, the Western Hemisphere, Europe, the Middle East, environment, labor and industrial competitiveness.
Trump announces plan to boost steel, aluminum tariffs to 50 percent

1 week ago | insidetrade.com | Margaret Spiegelman

President Trump on Friday said he will raise U.S. tariffs on steel and aluminum from 25 percent to 50 percent. Trump announced the hike on steel tariffs at a rally at a U.S. Steel Corporation facility in western Pennsylvania . He’d traveled to the facility to tout a nearly completed agreement on the company’s controversial acquisition by Nippon Steel. “We're going to bring it from 25 percent to 50 percent the tariffs on steel into the United States of America,... Not a subscriber?
Senate Foreign Relations to mark up nuclear energy exports bill

1 week ago | insidetrade.com | Hannah Monicken

The Senate Foreign Relations Committee is set to mark up a bill crafted to boost nuclear energy exports and cooperation – and to ensure the U.S. is a leader in the market ahead of China and Russia, its supporters say. At a June 5 business meeting, the committee will consider several pieces of legislation, including the International Nuclear Energy Act of 2025 , which was introduced earlier this month by Foreign Relations Chair James Risch (R-ID), panel member Chris Coons...
Senate Foreign Relations panel to mark up nuclear energy exports bill

1 week ago | insidetrade.com | Hannah Monicken

The Senate Foreign Relations Committee is set to mark up a bill crafted to boost nuclear energy exports and cooperation – and to ensure the U.S. is a leader in the market ahead of China and Russia, its supporters say. At a June 5 business meeting, the committee will consider several pieces of legislation, including the International Nuclear Energy Act of 2025 , which was introduced earlier this month by Foreign Relations Chair James Risch (R-ID), panel member Chris Coons...
Greer: China ‘slow-rolling’ compliance with trade deal Trump says was ‘totally violated’

1 week ago | insidetrade.com | Dan Dupont

China is “slow-rolling” its compliance with a trade détente struck with the U.S. earlier this month, U.S. Trade Representative Jamieson Greer charged on Friday. President Trump, meanwhile, contended the Chinese had “totally violated” the deal and implied that new action could follow, roiling financial markets that had been buoyed by the result of talks between Greer, Treasury Secretary Scott Bessent and their Chinese counterparts in Switzerland.
U.S. trading partners react tentatively to CIT's ruling on Trump’s tariffs

1 week ago | insidetrade.com | Margaret Spiegelman

U.S. trading partners on Thursday reacted tentatively to a U.S. Court of International Trade decision – now stayed – to overturn many of President Trump’s tariffs, as officials, stakeholders and analysts suggested that litigation may not soon resolve questions about where Trump’s trade policy is headed. The CIT late Wednesday ruled that Trump overstepped his authority when he used the International Economic Emergency Powers Act to impose tariffs on nearly all U.S. trading partners.
Warren criticizes ‘Big Tech’ influence in U.S. trade talks

1 week ago | insidetrade.com | Hannah Monicken

“Big Tech” companies are pushing the Trump administration to prioritize provisions in various trade talks that could weaken domestic regulation efforts, Sen.