Recent U.S. trade actions, such as the IEEPA tariffs on China, Canada and Mexico, the Section 232 tariffs on steel and aluminum derivatives, and the temporarily paused reciprocal tariffs on dozens of countries worldwide, could cause global container volumes to slump by 1% in 2025, according to U.K-based maritime shipping advisory firm Drewry.
While the Trump administration has paused the most extreme of its proposed tariffs for now, they're still having a negative effect on the economy, S&P Global Warnings said Thursday. “We expect the PC and smartphone sectors will be most affected … while hardware issuers that focus on server, storage, and networking equipment products will be less affected,” S&P said. IT spending growth “will slow to 5%-7% in 2025 compared to our previous forecast of 9%.”
Foreign countries' retaliatory tariffs against the Trump administration’s new global tariffs could cut U.S. exports of goods covered by the World Trade Organization’s Information Technology Agreement by at least $56 billion a year, the Information Technology and Innovation Foundation said April 23.
In an interview with Time magazine, President Donald Trump said he delayed the country-by-country reciprocal tariff rates in early April not because the bond market was panicking, but because he needed time to come up with rates that they deserve.
Treasury Secretary Scott Bessent said that trade negotiations with South Korea are "moving faster" than expected and that technical details could be available as soon as next week.
NTIA has given all states and territories 90 additional days to submit their final BEAD proposals, the Colorado Broadband Office said Tuesday. NTIA originally set a 12-month deadline for submitting final proposals, with the clock starting after the initial proposal is approved. In its waiver announcement, the Commerce Department said the additional time is "to implement the forthcoming programmatic improvements" to BEAD. West Virginia and Maine have both paused their BEAD processes in anticipation of program changes that are expected from NTIA and Commerce (see 2504180003).
CTIA and other industry commenters urged the FCC to proceed with caution as it considers changes to wireless emergency alerts (WEAs) that were proposed in a February Further NPRM. Comments were due last week in dockets 15-94 and 15-91. The FNPRM proposed allowing more flexibility in sending out alerts using a “Public Safety Message” classification (see 2502270042).
The Connecticut Senate is likely to vote on data privacy and AI legislation in mid-May, state Sen. James Maroney (D) told Privacy Daily on the sidelines of the IAPP Global Privacy Summit on Tuesday.
Craig Allen, senior counselor at the Cohen Group, has joined the Asia Society Policy Institute’s Center for China Analysis as a non-resident senior fellow, the center announced April 16. Allen, a former Commerce Department official, recently retired as president of the U.S.-China Business Council (see 2409100027). In December, Allen urged the U.S. and China to pause their escalating trade restrictions against one another and discuss how to manage national security risks around technology (see 2412120052).
New BEAD guidance from NTIA is expected in the middle of next month, state sources told us. There have been indications from the Commerce Department and elsewhere that big changes are ahead for BEAD rules (see 2503200003). NTIA didn't comment.