The incoming administration is widely expected to embrace a more multinational approach to U.S. trade policy, moving away from the “America first” strategy embraced by President Trump.
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When Indianapolis outdoorsman and filmmaker Eddie Brochin was asked to lead adventure tours on a Mexican ranch in 2013, he had no idea it would lead him to import and distribute wine.
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Guardian Bikes has proposed to the federal government that aluminum and steel in imported bicycles, bicycle frames and certain parts, as well as e-bikes, be subject to an additional 50% tariff.
Trump said on Truth Social that the pharmaceutical tariffs would not apply to companies that are building manufacturing plants in the United States, which he defined as either “breaking ground” or being “under construction.”
The administration swiftly filed notice of appeal—and the Supreme Court will almost certainly be called upon to lend a final answer.
The med-tech company sources its products from a Chinese manufacturer that is one of very few in the world capable of producing cellular-connected medical devices.
The slowdown in inflation could be a temporary respite as the widespread tariffs are expected to push up prices in many categories.
First-quarter growth was slowed by a surge in imports as companies in the United States tried to bring in foreign goods before President Trump imposed massive tariffs.
Retailers across the Indianapolis area and across the country are bracing for the full impact of recent Trump administration tariffs, which they see as an immediate threat to their businesses.
The United States’ top imports from China, meanwhile, include electronics such as computers and cell phones, industrial equipment and toys.
The new tariff matches the rate of the U.S. “reciprocal” tariff of 34% on Chinese exports that President Donald Trump ordered this week.
President Trump indicated that he wants to even the trade imbalance with both countries and push more factories to relocate in the United States.
The tariffs, if implemented, could dramatically raise prices on everything from automobiles to agricultural products. It is unclear whether Trump will actually go through with the threats or if he’s using them as a negotiating tactic.
Importers mainly from China have used the de minimis exemption for shipments of $800 or less to flood the U.S. market.
Officials say the tariffs will help thwart China’s efforts to dominate the market for emerging technologies in ways that pose risks to U.S. national security and economic stability.
A group of major U.S. businesses wants the government to hide key import data—a move trade experts say would make it more difficult for Americans to link the products they buy to labor abuse overseas.
When the dollar is strong, a U.S.-based company that sells products overseas earns fewer dollars. On the flip side, the cost of imported goods and foreign expenses are lower.
President Joe Biden said that the roughly $700 billion the government devotes annually to procuring goods is supposed to prioritize U.S. suppliers, but regulations going back to the 1930s have either been watered down or applied in ways that masked the use of foreign imports.
The executive order will cover U.S. supply chains for large-capacity batteries, pharmaceuticals, critical minerals and semiconductors that power cars, phones, military equipment and other goods.
In the first-step agreement, the U.S. dropped its plan to impose new tariffs on $160 billion of Chinese imports and agreed to trim existing import taxes on about $112 billion in Chinese goods. In return, the U.S. said China agreed to buy $40 billion a year in farm products over two years.
U.S. tariffs will remain in place against Chinese imports while negotiations continue. Additional trade penalties President Trump has threatened against billions worth of other Chinese goods will not take effect for the “time being.”
Seeking to rally support for its side in the tariff war, Beijing is vehemently protesting the Trump administration's decision last week to impose controls on exports of computer chips and other key components.
