Tariffe
U.S. Launches Section 301 Investigations into 16 Economies for Unfair Trade Practices Linked to Excess Capacity
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The Trump administration has initiated Section 301 investigations into South Korea, China, Japan, the European Union, and 13 other economies over unfair practices tied to structural excess capacity in manufacturing. The probes follow a Supreme Court ruling invalidating prior tariffs and aim to establish permanent measures to protect U.S. jobs. South Korea vows active consultations to safeguard its interests.
Colombia's Water Regulation Commission (CRA), Housing Ministry, and Superservicios unveiled a new tariff framework for drinking water and basic sanitation affecting 5,000 providers. The change excludes projected investments from tariffs, billing only those completed year-to-year. Andesco raised concerns over the lack of a transition period and potential tariff hikes.
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Volvo Car USA will discontinue sales of the EX30 and EX30 Cross Country electric SUVs in the US market after the 2026 model year. The decision follows challenges including tariffs, production shifts and weak sales. The models will continue in other markets.
US President Donald Trump’s tariff blitz is not Taiwan’s fault, but the self-ruled island must recognize Washington’s unreliability, according to an opinion piece.
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Trade tensions between Colombia and Ecuador have increased the crude oil transport tariff from US$2.7 to US$30 per barrel, impacting Ecopetrol. The Colombian government is considering raising tariffs to 50% on 73 Ecuadorian products in response to similar measures from Ecuador. This stems from disputes over border security and aims to balance bilateral trade.
Tesla shares fell more than 2% on Monday amid concerns over slumping electric vehicle sales and rising investments in AI and robotics. U.S. EV demand dropped 30% year-over-year in January, partly due to the end of a federal tax credit. The decline comes as the company plans to double its capital spending to $20 billion for ambitious projects like robo-taxis.
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The U.S. Supreme Court ruled 6-3 on Friday that President Trump cannot use the International Economic Emergency Powers Act to impose broad-scale tariffs, prompting immediate responses from the administration and political figures. Trump signed a 15% global tariff under a different law the next day and criticized the court on Monday. The decision has sparked debates over its political implications ahead of the midterms and the State of the Union address.
South Africa faces US probe into forced labour import bans amid 60-nation investigation
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