U.S. trade probe into Germany’s drug pricing revives transatlantic tariff risk
World Economy Trade Energy and Technology Scan – USTR opened a Section 301 probe into Germany’s drug pricing, a step that could escalate into tariff pressure.
Trade policy
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White House declares fertilizer emergency, suspends some Morocco duties
United States Breaking National Politics – The White House says the temporary move is meant to keep phosphate fertilizer available for U.S. farmers.
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White House trims tariffs on farm, HVAC and some industrial equipment
The White House cut tariffs on some farm and HVAC equipment and parts of industrial machinery, effective June 8, through Dec. 31, 2027.
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U.S. proposes tariffs on goods from 60 economies after forced-labor review
USTR proposed new tariffs after a forced-labor review of 60 economies, starting a July comment period that could affect prices if finalized.
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White House trims metal tariffs for farm gear, HVAC and some machinery
A June 1 White House proclamation lowers tariffs on some farm gear and HVAC products, while raising duties on other metal items and machinery.
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USTR tariff hearings could shape import costs and consumer prices
USTR hearings this week could lead to new trade actions on excess capacity, with possible ripple effects for prices and supply chains.