US

On April 17, 2025, the Office of the United States Trade Representative (USTR) announced updates to its plan to impose fees on Chinese vessels.

On April 15, the White House announced that President Trump has signed an executive order formally launching a Section 232 investigation into critical minerals and their derivatives.

The Regulation serves as a detailed follow-up to Executive Order 14117, which was issued to prevent countries of concern from acquiring sensitive personal data of U.S. citizens and government-related information.

Spanning 397 pages, the report outlines hundreds of tariff and non-tariff barriers affecting U.S. exports, with 48 pages specifically addressing trade issues with China.

CBP also granted a grace period for in-transit goods. Shipments that were loaded and in final transport mode before 12:01 AM (ET) on April 5, 2025, and that arrive in the U.S. before May 27, 2025, are exempt from the 10% reciprocal tariff.

According to a report by Agence Ecofin, on April 2, U.S. President Donald Trump announced a new round of tariffs on imported goods from various countries.

However, in the services sector, the United States recorded a surplus of over $290 billion last year - approaching an all-time high.

Recently, the Bank of Japan (BOJ) announced that it would maintain its current interest rate levels while closely monitoring the policy moves of major economies, including the United States, before cautiously deciding on further rate hikes.

The White House's statement said that starting from April 2nd, the United States may impose a 25% tariff on all goods imported from any country that directly or indirectly imports Venezuelan oil.

The U.S. unilateral tariff increase on Chinese goods is a blatant violation of the Most-Favored-Nation (MFN) principle under the World Trade Organization (WTO).

Dow and BASF have petitioned the U.S. Department of Commerce and the U.S. International Trade Commission (USITC) to impose anti-dumping duties on diphenylmethane diisocyanate (MDI) imported from China.

The 25th edition of the RSL is updated to reflect changes or additions to laws and regulations that restrict or ban the use of certain chemicals in finished apparel, footwear, accessories, and home textiles.