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Trump's tariff revival sparks business pushback
More than 400 letters seek carveouts as businesses warn the duties could raise costs, disrupt supply chains and hit farmers and consumers.
- The U.S. Trade Representative's Office received more than 400 letters from businesses seeking exemptions from proposed Section 301 tariffs, with public comments submitted last week ahead of May hearings.
- This pivot to Section 301 follows a turbulent legal period after the U.S. Supreme Court ruled in February that President Donald Trump's use of IEEPA to impose worldwide tariffs exceeded his authority.
- Ford's Chief Policy Officer and General Counsel Steven Croley wrote that automakers need "tariff offset credit," while Magtech Ammunition Company and Taurus Holdings urged against "Brazilian-origin imports that are necessary to U.S. manufacturing."
- The National Corn Growers Association urged the administration to exempt Mexico and Canada from the investigation, noting that "duty-free treatment for all categories of agricultural inputs would help alleviate" cost pressures.
- Treasury Secretary Scott Bessent indicated last week that tariffs could return by July, though a Congressional Research Service report noted uncertainty about whether the agency will establish a formal exclusion process.
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Trump's tariff revival sparks business pushback
(The Center Square) – Businesses worldwide are urging caution as the U.S. Trade Representative's Office prepares for key hearings central to President Donald Trump's renewed push for higher import taxes, an effort aimed at rebuilding a protectionist tariff wall.
Trump’s tariff revival sparks business pushback
Businesses worldwide are urging caution as the U.S. Trade Representative’s Office prepares for key hearings central to President Donald Trump’s renewed push for higher import taxes, an effort aimed at rebuilding a protectionist tariff wall. Trump could implement the higher tariffs as early as July under Section 301 of the 1974 Trade Act, which allows...
Coverage Details
Total News Sources20
Leaning Left3Leaning Right6Center3Last UpdatedBias Distribution50% Right
Bias Distribution
- 50% of the sources lean Right
50% Right
L 25%
C 25%
R 50%
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