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.
Court Rules IEEPA Tariffs Unlawful, but Stays Relief Pending Remand to Trade Court
The Federal Circuit ruled on August 29 that President Trump’s global tariffs are largely illegal under the International Emergency Economic Powers Act, finding he exceeded his authority. However, the court allowed the tariffs to remain in place while the case proceeds, creating major uncertainty for international trade.
What’s Left on Washington’s Agenda Before the Clock Runs Out?
Congress has been racing against the clock to check off as many items on its legislative to-do list as possible ahead of the August recess. Most notably, President Trump has led congressional Republicans in advancing a major budget reconciliation package, the One Big Beautiful Bill, which proposes sweeping changes to tax policy, healthcare, energy production, immigration enforcement, and national defense.
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.
CIT Strikes down ‘Liberation Day’ IEEPA Tariffs
The U.S. Court of International Trade (CIT) issued a unanimous ruling striking down President Donald Trump’s “Liberation Day” tariffs. The court found that the IEEPA does not authorize the president to use emergency powers to unilaterally impose broad tariffs, declaring the action an overreach of executive authority.
U.S.-China Trade Tensions Ease with 90-Day Tariff Reduction Agreement
The United States and China have announced a 90-day tariff reduction agreement, temporarily easing tensions in the ongoing trade war that has rattled global markets.
Notice of Proposed Action - Section 301 Investigation into China’s Targeting of Maritime and Shipbuilding Sectors
A USTR investigation has concluded that China’s state-led strategies create unfair competition, restrict U.S. commerce, and pose economic security risks. Specifically, the USTR finds that China's aggressive industrial planning has led to dominant global market shares in shipbuilding, shipping containers, chassis, and ship-to-shore cranes.
The Battle for Trump’s Agenda: Budget Reconciliation and the GOP’s High-Stakes Policy Push
With tariffs dominating the national conversation, many concerned Americans have taken note as Trump Administration surrogates tout forthcoming tax relief as a counterbalance to the initial economic disruptions caused by tariff-driven instability. To that end, the president recently secured a critical objective towards that priority.
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.
New Trade Measures Bring Uncertainty & Challenges to Businesses and Stock Market
The Trump administration has announced sweeping trade measures set to take effect tomorrow and in the coming weeks, with far-reaching implications for industries across nearly every sector of the U.S. economy.
Trump 2.0 Trade Policies: Deep Dive
Trade actions have been essential instruments in President Trump’s policy approach. A key aspect of his strategy has been leveraging tariffs as a negotiating tool. This analysis examines the anticipated trade statutes and policies that could shape a second Trump administration.
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.
Countdown to Coast-Wide Port Strikes
With the looming threat of a coast-wide strike by the International Longshoremen’s Association (ILA), the resilience and dedication of port workers are more crucial than ever.
ITC Removes Duties on Tin Mill Steel
In a unanimous vote on February 6, the International Trade Commission (ITC) ruled there will no longer be duties on tin mill steel from Canada, China, and Germany.