Trump Tariffs

China tightens rare earth export controls, targets defence, semiconductor users
from finance.yahoo.com

Blurb:

BEIJING (Reuters) -China tightened its rare earth export controls on Thursday, expanding restrictions on processing technology, unauthorised overseas cooperation and spelling out its intention to limit exports to overseas defence and semiconductor users.

Exports of technology used to mine and process rare earths or make the associated magnets is barred without permission, the Ministry of Commerce said in a statement. Many of these technologies are already restricted and it was not immediately clear what the new rules will add.

China added several rare earths and related material to its export control list in April, however Thursday’s announcement explicitly said licenses are unlikely to be granted for defence companies as well as certain users in the semiconductor sector.

 

Trump’s lowered 15% tariff on cars from Japan to take effect Tuesday– japantoday.com
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Excerpt:

U.S. President Donald Trump’s lowered tariff of 15 percent on automobiles from Japan will take effect Tuesday, the Commerce Department said, about four months after his aggressive trade agenda started damaging the industrial backbone of one of Washington’s key allies.

The department announced the timing of the adjustment on Monday. The U.S. tariff rate for foreign-origin cars rose to 27.5 percent after Trump imposed in April an additional auto tariff on national security grounds, squeezing the margins of Japanese automakers and other manufacturers.

The reduced tariff is part of a trade deal the Trump administration struck on July 22 with Japan, which in return has committed to investing heavily in the United States and increasing imports of American agricultural products during the president’s nonconsecutive second term.

Trump signed an executive order on Sept. 4 formally implementing the trade agreement, which also granted Japan special treatment on what he calls “reciprocal” tariffs.

The department’s notice to be published Tuesday said that as agreed by the two countries, Trump’s additional 25 percent tariff imposed in May on major auto parts, including engines and transmissions, will also be cut to 15 percent for those coming from Japan.

House of Representatives | Definition, History, & Facts | Britannica

House GOP leaders move to extend block on tariff termination votes– www.politico.com
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Excerpt:

House Republican leaders are moving to again head off votes trying to cancel much of President Donald Trump’s sweeping tariff regime.

A procedural measure Republicans on the Rules Committee advanced Monday night would extend until March 31 a block on efforts by Democrats and several Republicans to end the national emergencies underlying Trump’s sweeping tariffs — including on Mexico, Canada, Brazil and his “liberation day” levies from April.

It would also block “resolutions of inquiry,” measures that can be used by the House to compel the release of information from the executive branch.

The House is set to vote Tuesday on the measure, which also tees up several D.C. crime- and governance-related bills for floor debate.

GOP leaders have struggled to keep their ranks in line on tariff-related votes. On Monday, their bid to strangle a Democratic-led effort to end Trump’s Brazil levies succeeded only narrowly, 200-198.

‘100% tariff’: US official says Trump proposed higher duties on Russian oil buyers India, China in EU talks – Report– timesofindia.indiatimes.com
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Excerpt:

United States is considering expanding tariffs on countries that buy Russian oil, including India, but only if the European Union takes similar steps, a US official told news agency AFP on Tuesday. According to the report, dialling in to talks between US and EU officials, president Donald Trump suggested tariffs of between 50 and 100 per cent on buyers such as China and India.“The source of the money for the Russian war machine is oil purchases by China and India. If you do not get at the source of the money, there’s no way to stop the war machine,” the official said as quoted. Trump, the official added, is “ready to go” but wants the EU to act alongside the US.The discussions in Washington reportedly were led by EU sanctions envoy David O’Sullivan, with US treasury secretary Scott Bessent and officials from the state department and the US trade representative also taking part. Ukraine’s prime minister joined the session, while Trump made his intervention remotely, said the official.
Appeals Court Rules in Favor of Foreign Powers over U.S. Sovereignty

USAID Funding Freeze Impact: Trump Cuts International Aid ...

Appeals Court Backs Biden-Appointed Judge, Blocks Trump’s Move to Cut Foreign Aid– conservativeroof.com
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Excerpt:

On Friday, the DC Circuit Court of Appeals sided with a radical Biden judge and said President Trump could not unilaterally cut billions in foreign aid.

Last Wednesday, US District Judge Amir Ali, a Biden appointee, blocked President Trump from cutting billions of dollars in USAID and foreign aid that Congress authorized.

Trump immediately appealed Judge Ali’s ruling.

“President Trump has the executive authority to ensure that all foreign aid is accountable to taxpayers and aligns with the America First priorities people voted for,” White House spokeswoman Anna Kelly said in a statement to Reuters.

On Friday, a three-judge panel ruled 2-1 against President Trump.

The three-judge panel included: Majority: Pillard (Obama), Pan (Biden), and Dissent: Walker (Trump).