White House Freezes Canada Talks, Launches China Trade Investigation
On Friday, President Trump announced he is terminating U.S.–Canada trade negotiations, citing an Ontario government television ad that uses excerpts from a 1987 Ronald Reagan radio address to argue that tariffs harm American workers; the Reagan Foundation criticized the ad’s use of Reagan’s remarks and said it was not authorized.
Trade Pressures and Policy Shifts: Insights from Business Leaders Across Sectors
It has been an eventful week in the world of tariffs and trade. From President Trump’s discussion of providing tariff revenue to farmers, the formalization of the US-EU tariff agreement to new tariffs placed on pharmaceuticals, trucks, and cabinets, this week has seen meaningful developments in the administration’s trade policy.
This week, we’ve compiled recent pieces that highlight the perspectives of industry leaders and their outlook on today’s rapidly changing economic landscape.
President Trump Levying New Tariffs
President Donald Trump announced that the U.S. will impose 25% tariffs on goods from Japan and South Korea, and a 50% levy on Brazil, effective August 1st. As well as threatening a 35% tariff on some Canadian goods.
Trade Alert: Trump Announces New Tariff Deadline of August 1st
President Donald Trump revealed that the U.S. will impose 25% tariffs on goods from Japan and South Korea beginning August 1. This decision marks the beginning of a new wave of tariffs aimed at countries that have yet to secure trade deals with the Trump administration.
US Court of International Trade Strikes Down Trump Administration Tariffs
In a landmark decision on May 28, the U.S. Court of International Trade (CIT) ruled that President Donald Trump exceeded his authority by imposing broad tariffs under the International Emergency Economic Powers Act (IEEPA). The court's unanimous decision declared that IEEPA does not grant the president the power to unilaterally impose tariffs without congressional approval, reaffirming the constitutional principle that Congress holds exclusive authority over trade regulation.
Week 12 of Trump 2.0: Tariff Escalation, Budget Resolution, and Supreme Court Decisions
President Trump kicked off the last week with sweeping new tariffs that rocked the global economy. A baseline 10% tariff on nearly all imports was implemented, alongside country-specific tariffs as high as 145% on Chinese goods.
Liberation Day Tariffs: The Trade War’s New Battlefront
April 2nd, brought the Liberation Day tariff announcement from the President. Below is a deep dive of the official documents from the White House, and what to expect moving forward.
Additional Details on Major Trade Actions
On February 1, 2025, President Donald Trump issued executive orders imposing tariffs on imports from China, Canada, and Mexico in response to alleged illicit drug flows, organized crime, and illegal immigration. These tariffs take effect on February 4, 2025. The measures apply broadly across multiple industries, with potential further escalation if retaliatory actions occur.
Trump Imposes Sweeping Tariffs: 25% on Canada and Mexico, 10% on Canadian Energy
February 1st, 2025, President Donald Trump imposed a 25% tariff on imports from Canada and Mexico, with an additional 10% tariff on imports from China. He specified that shipments of Canadian oil to the United States would be 10%
Thanksgiving Worries Amid Trump's New Proposed Trade Policies
As Americans sat down for Thanksgiving this year, many enjoyed a financial reprieve with holiday meal costs at their lowest in years. Yet, the looming policy shifts under the incoming Trump administration cast a shadow over these celebrations.