Articles Tagged with ''China''

The White House's novel use of emergency presidential powers to impose new tariffs is likely to face legal challenges from opponents, but securing an injunction or a ruling against the orders will be an uphill climb, trade lawyers say.

President Donald Trump signed three executive orders to impose new tariffs on Canada, Mexico and China starting Tuesday. The tariffs mark the first time a president has used powers granted under the International Emergency Economic Powers Act of 1977.

President Donald Trump told reporters in the Oval Office Friday that there is nothing Mexico, Canada and China can do to avoid new tariffs slated to go into effect Saturday, and suggested the rates could eventually increase. The American Farm Bureau Federation appealed to Trump for a targeted approach with specific exemptions for fuel and fertilizer imports.

White House press secretary Karoline Leavitt affirmed that the Trump administration will impose new tariffs on Canada, Mexico and China on Saturday. She denied reporting that the tariffs would be delayed. 

Trump's economic agenda could strengthen the U.S. dollar relative to other currencies, compounding an already challenging currency environment for U.S. exporters, economists say.

President Donald Trump is doubling down on his assertion that new tariffs could hit next month. He told reporters Tuesday that China may also face new duties on Feb. 1. Meanwhile, U.S. trade partners reiterated that they’re ready to respond quickly and forcefully.

Beijing recently approved a tranche of new gene-edited and genetically modified crop varieties and said it will accelerate breeding to boost yields – the latest chapter in a long-running drive for greater food self-sufficiency. 

Tax and spending cuts are at the top of the to-do list for congressional Republicans and President-elect Donald Trump. But there are a broad array of other issues in play that are critical to food and agriculture, from farm bill and the next dietary guidelines to regulations for pesticides and gene-edited crops, and the future of the Biden administration's climate policies.

The former and future president launched multiple free trade agreement talks in his first administration that analysts say he could revive in his second term.

Welcome to the new year, and a new, GOP-controlled Congress. Lawmakers are facing some tough debates and choices when the 119^th Congress kicks off Friday, starting off with Mike Johnson’s bid for re-election as House speaker.