Tariffs

The auto sector has been a major sticking point in talks

Canada has pushed to reduce the headline tariff rate on autos to 10% but the US is insistent on a minimum 15% rate

The decline in China imports due to prior Trump tariffs fuels imports from elsewhere via transshipment, a report argues

A proclamation signed by Trump imposes a 100% ad valorem tariff on drones that are sensitive for national security purposes

The move is aimed at protecting domestic polysilicon makers from Chinese competition

Trump has since issued another round of global tariffs imposed under Section 301 of the Trade Act of 1974

Sales of drones, their key components and related technologies will be subject to “strict case-by-case review”

Polysilicon, an ultra-pure form of silicon, sits at the start of the semiconductor and solar manufacturing supply chains

He says none of 60 trading partners fully exempt; any move to secure a lower tariff rate would carry wider compliance, trade implications