President Donald Trump described his phone call with Canadian Prime Minister Mark Carney as "extremely productive," in a social media post, adding "we agree on many things, and will be meeting immediately after Canada’s upcoming Election to work on elements of Politics, Business, and all other factors, that will end up being great for both the United States of America and Canada. Thank you for your attention to this matter!"
Vietnam is reportedly reducing tariffs on imported American liquefied natural gas, ethanol, automobiles and other goods as part of a bid to reduce its trade surplus with the U.S. and avoid facing increased duties imposed by the Trump administration (see 2502130030).
The European Commission will delay its first wave of retaliatory tariffs against the U.S. from April 1 until mid-April, commission spokesperson Olof Gill said in a statement March 20. Gill said the tariffs were delayed to "align the timing" of the EU's two sets of retaliatory actions announced last month (see 2503120042).
A State Department notice declaring that all agency efforts to control international trade now constitute a "foreign affairs function" of the U.S. under the Administrative Procedure Act will ultimately be subject to the discretion of the courts, trade lawyers told us.
U.S. ambassador to Japan nominee George Glass said March 13 that he would seek to ensure Japan follows through on its commitment to ramp up its purchase of U.S. liquefied natural gas to reduce its trade deficit with the U.S. and its reliance on Russia.
It’s possible that the Trump administration offers Russia some “symbolic” sanctions relief as part of peace negotiations with Ukraine, but the broader lifting of sanctions on Russia’s oil sector is more unlikely, a former U.S. sanctions official said this week.
The EU and Canada announced retaliatory tariffs against the U.S. this week, targeting billions of dollars' worth of American exports in response to what they said were unjustified global 25% steel and aluminum duties imposed by the Trump administration. Other nations also criticized the U.S. tariffs as they mulled countermeasures of their own.
The U.S. added more people and entities to sanctions and export control lists in 2024 than the previous year, with a large portion targeting Russia and China, the Center for a New American Security said this week.
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The United States is interested in negotiating a new free trade agreement with India, Commerce Secretary Howard Lutnick told an Indian audience on March 8.