Trade Policy
U.S. reaffirms tariff caps in trade deal with South Korea
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The U.S. trade representative said the United States will honor tariff caps in last year's trade deals, despite new investigations into forced labor.
U.S. Trade Representative Jamieson Greer said Tuesday that results of Section 301 trade investigations into more than 70 countries, including South Korea, China and Japan, will be released over the next few weeks.
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Beijing renewed import licences for hundreds of US beef plants during US President Donald Trump’s visit to meet Chinese leader Xi Jinping. Brazil nears its annual beef export quota to China and is seeking alternative markets.
Colombia's Ministry of Commerce published a draft decree to raise import tariffs on vehicles and motorcycles powered by gasoline or diesel engines, aiming to promote clean technologies and bolster the national industry. The proposal sets 40% for cars and 35% for motorcycles, but guilds like Asopartes and Andemos warn it will raise prices and halt the sector's recovery in 2025.
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The United States has updated its list of critical minerals, adding copper as essential for its economic and national security. This category covers raw materials with vulnerable supply chains and key roles in manufacturing. For Chile, the world's top copper exporter, this designation could affect trade policies under the Trump administration.