Search Results for keywords:"trade agreements"

The Department of Commerce updated and finalized a rule on January 31, 2024, concerning procedures related to discrepancies between past trade agreements like NAFTA and the new United States-Mexico-Canada Agreement (USMCA). This update corrects a regulatory error where language was mistakenly duplicated in the legal text, specifically in section 19 CFR 356.8(b)(2). The correction clarifies who can request the continuation of trade reviews but notes that foreign governments are not authorized to make such requests. The changes are effective as of December 12, 2024.

The document is a presidential proclamation by Donald J. Trump addressing the issue of steel imports that threaten U.S. national security. The President decided to terminate previous trade agreements and exemptions with countries like Canada, Mexico, the European Union, and several others. From March 12, 2025, these countries will face additional tariffs on steel and derivative products, originally envisaged in a 2018 tariff policy. The proclamation aims to protect the U.S. steel industry by ensuring higher production capacity utilization and guarding against market practices contributing to global excess capacity.

In this presidential proclamation, President Donald J. Trump adjusts the tariffs on aluminum imports into the United States. Originally, a 10% tariff was imposed on imported aluminum to protect national security, but it is now increased to 25% due to continued high import levels that threaten U.S. industry. Agreements with countries like Argentina, Australia, Canada, Mexico, the EU, and the UK, which allowed for exceptions to these tariffs, will end, and those countries will now face the same increased tariffs as others. This decision aims to help domestic aluminum producers by reducing reliance on foreign aluminum that is often cheaply shipped from countries like China and Mexico.