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Copper and Pharma Tariffs, More Trade Talks Expected Soon, and House Launches Biotech Caucus
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Copper and Pharma Tariffs, More Trade Talks Expected Soon, and House Launches Biotech Caucus

President Donald Trump announced on Tuesday that the United States would impose 50% tariffs on copper and tariffs on pharmaceuticals, potentially at a rate of 200%. While Trump clarified on Wednesday that the copper tariffs begin August 1, the timeline for the tariffs on pharmaceuticals is less clear.

Washington Update USCBC Government Affairs
Progress on Fentanyl, Commerce Weighs Export Restrictions, and New Legislation Could Impact China Trade
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Progress on Fentanyl, Commerce Weighs Export Restrictions, and New Legislation Could Impact China Trade

Six Chinese government agencies issued a joint statement on Monday adding two precursor chemicals (4-piperidone and 1-tert-butoxycarbonyl-4-piperidone) to a list of Class Two chemicals that will be subject to tougher supervision starting July 20.

Washington Update USCBC Government Affairs
Trade Talks Back on After Trump-Xi Call
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Trade Talks Back on After Trump-Xi Call

US trade negotiators will meet “soon” with their Chinese counterparts to restart negotiations following a Thursday call between President Donald Trump and President Xi Jinping. It was their first formal contact since Trump’s inauguration and comes as talks have stalled, with both sides accusing the other of breaking with commitments agreed upon last month in Geneva.

Washington Update USCBC Government Affairs
Courts Challenge Trump Tariffs, Commerce Restricts Certain China Exports, and Chinese Student Visas Targeted
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Courts Challenge Trump Tariffs, Commerce Restricts Certain China Exports, and Chinese Student Visas Targeted

The US Court of International Trade on Wednesday struck down President Donald Trump’s tariffs imposed under the International Emergency Economic Powers Act, ruling that the president exceeded his authority. This includes the so-called reciprocal tariffs levied on numerous countries, including China, on April 2; the universal 10% baseline tariff on all other countries; and tariffs on China, Mexico, and Canada related to fentanyl concerns.

Washington Update USCBC Government Affairs
Geneva Talks Lead to Delicate Truce
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Geneva Talks Lead to Delicate Truce

Talks between US and Chinese negotiators in Geneva over the weekend were more constructive than anticipated. In a joint statement, the two sides drastically reduced baseline tariffs on the other for 90 days to facilitate further negotiations. The reprieve will bring some relief to US companies and consumers, but tariff rates remain high and negotiators face several obstacles to a durable settlement.

Trade talks set to begin, pharma 232’s, and AI export controls
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Trade talks set to begin, pharma 232’s, and AI export controls

Senior US officials are set to meet with a Chinese trade delegation this weekend in Switzerland. The meetings signal a potential thaw in tensions following weeks of tariff escalation first initiated by the United States.

Washington Update USCBC Government Affairs
China Trade Talks in Standoff, Treasury Considers Revoking Tax Treaty, and De Minimis Ends for Chinese Goods
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China Trade Talks in Standoff, Treasury Considers Revoking Tax Treaty, and De Minimis Ends for Chinese Goods

The Trump administration this week signaled a willingness to soften its tariff stance, offering relief for certain imports while continuing to pursue trade agreements with countries seeking relief from reciprocal duties. Reprieve for China imports, however, remains minimal.

Washington Update USCBC Government Affairs
Trump Administration Open to China Trade Talks, USTR Finalizes Port Fees and Proposes New Tariffs
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Trump Administration Open to China Trade Talks, USTR Finalizes Port Fees and Proposes New Tariffs

After weeks of aggressive posturing toward China, the Trump administration this week took a softer tone and suggested a willingness to negotiate soon. President Donald Trump on Tuesday said that tariffs on China could come down substantially, though he did not indicate when or to what extent.

Washington Update USCBC Government Affairs
Trump Signals New Tariffs on Exempted Products, USTR Announces Shipbuilding Final Decision
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Trump Signals New Tariffs on Exempted Products, USTR Announces Shipbuilding Final Decision

The Trump administration took the first step this week to place new duties on products temporarily exempted from US reciprocal tariffs unveiled on April 2. President Donald Trump last weekend announced exemptions for a wide range of electronics, including smartphones and semiconductor manufacturing equipment, offering a reprieve from tariff rates as high as 195%.

Washington Update USCBC Government Affairs