May 28, 2025–Top Stories
White House Update
President Trump announced on Truth Social this week that the EU has “called quickly” to set up trade talks before the July 9th deadline.
President Trump also suggested that Apple will have to pay a tariff of 25% or more for iPhones made outside the U.S. in a Truth Social post last week.
In response to the Trump Administration’s recent tariff actions, AAEI’s Customs Committee launched a Tariff Working Group. The next meeting is on Tuesday, June 3rd at 2:00 p.m. EST and will include a discussion on how brokers are playing a crucial role in navigating the complexities of tariffs and ensuring compliance for importers and exporters.
If you are interested this working group or a Committee, please visit AAEI’s Member Hub to join. After logging in, click “My Info” and add the Working Group to “Lists/Committees.”
Stay informed of tariff changes using AAEI’s Presidential Actions Timeline.
Legislative Update
The “Big Beautiful Bill” legislative package passed the House of Representatives last week in a 215-214 vote.
AAEI Actions
AAEI joined the EU Shippers Council webinar, which included more than 40 companies from Europe and Asia, to discuss U.S. and EU trade war perspectives. AAEI shared updates on the America First Trade Agenda, the impact on U.S. companies, and how U.S. companies are mitigating tariffs. ESC Secretary General Godfried Smit outlined key U.S.-EU trade negotiation goals, including equalizing or removing duties on industrial goods and increasing EU market access for U.S. businesses.
AAEI sent a letter to the FDA last week addressing the permissibility of imports for Active Pharmaceutical Ingredients (API). AAEI’s Healthcare Industries Committee (HIC) seeks greater permissibility to import and manufacture APIs to provide quality data to the FDA before needing to submit applications. For more on these important topics, attend the HIC in-person meeting on June 25, 2025, at 2 pm, prior to the Annual Conference & Trade Day June 26-27, 2025.
More Stories to Stay Informed:
- Commerce Secretary Lutnick, USTR Greer, Secretary of State Rubio, and Treasury Secretary Bessent filed comments late last week in the Court of International Trade supporting Trump’s use of IEEPA to impose tariffs.
- Amb. Greer underscored IEEPA as a “crucial tool” to address extraordinary threats to the U.S. He added that removing the Trump Administration’s ability to invoke IEEPA would damage ongoing negotiations and deals reached with the United Kingdom and PRC. “A decision enjoining the President from imposing tariffs under IEEPA would create a foreign policy disaster scenario,” Greer said.
- The Trump administration approved the merger of U.S. Steel with Japanese-controlled Nippon Steel. This merger was previously blocked by President Biden on national security grounds.
