G7 partners should impose tariffs on countries that import Russian oil if they are “truly committed to ending the war in Ukraine,” U.S. Trade Representative Jamieson Greer and Treasury Secretary Scott Bessent said in a joint statement on Friday, after G7 finance ministers held an “emergency” video call at the request of the U.S.
September 13, 2025
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World Trade Online
Democrats on the House Foreign Affairs Committee on Thursday called for an end to 50 percent tariffs on goods from Brazil after the country’s Supreme Court found former President Jair Bolsonaro guilty of attempting to overturn the country’s 2022 election.
The U.S. lumber industry is asking the Trump administration for significant trade relief “now” on lumber imports, though the status of a national security probe into those imports remains unclear.
The Trump administration is using its newly inked framework for implementing a $550 billion investment pledge in the recent U.S.-Japan trade deal to pressure other trading partners to follow the same model -- particularly South Korea, which made a similar $350 billion commitment but which analysts say is likely to push back amid public pressure to take a harder line with the U.S.
The U.S. is close to a “big deal” with Taiwan, Commerce Secretary Howard Lutnick said on Thursday, adding that the administration was focused on agreements with Switzerland and India as well -- while waiting for South Korea to agree to terms on an already announced accord.
China’s Ministry of Commerce on Thursday blamed the United States for Mexico’s decision to raise tariffs on Chinese goods, saying the country was giving in to economic coercion by its northern neighbor.
The European Parliament’s largest political group on Wednesday promised to amend a European Commission proposal to cut tariffs on most U.S. goods to make it compliant with World Trade Organization rules, while EU Trade Commissioner Maroš Šefčovič defended the bloc’s commitments as WTO-compatible.