All articles tagged with #international trade
The U.S. will not extend the USMCA by the July 1 deadline and instead begins talks that could yield a refreshed agreement or annual reviews through 2036; talks with Mexico continue while Canada has not started, with the aim of boosting U.S. auto manufacturing and limiting China’s market access, though the move injects trade uncertainty.
Ending the Iran war won’t relieve drought-stricken crops or the drag of the U.S.–China trade war, and tariffs plus limited aid have offered little relief for cash-strapped farmers ahead of the midterm elections.
The USTR released a comprehensive report accusing 60 economies of failing to curb forced-labor production and proposed tariffs on all products from those countries, naming partners such as China, Vietnam, Mexico, India, the UK, Canada and the EU. The move follows earlier tariffs that were struck down by the Supreme Court and drew mixed reactions from European and UK officials, who warned of uncertainty, while Washington argues the tariffs are needed to level the global playing field for American workers.
The Trump administration proposed new double‑digit tariffs tied to forced‑labor concerns, with 16 economies facing 10% duties and 44 others at 12.5%; exemptions apply to many products (aircraft parts, food, rare earth minerals) and to Canada/Mexico under USMCA. Public hearings begin July 7, and the tariffs are not immediate, pending reviews. The move aims to replace revenue lost after court challenges to prior tariffs and signals further Section 301 actions, drawing mixed reactions from China and the EU as the administration presses ahead with a global tariff strategy.
The Trump administration will impose tariffs on goods from roughly 60 trading partners, including the EU, China, Japan and Britain, citing insufficient prohibitions on forced labor; tariffs range from about 10% to 12.5% depending on the country, marking a broad expansion of the U.S. tariff regime after a Section 301 review and a Supreme Court ruling invalidating earlier tariffs.
The EU-Mercosur trade pact takes provisional effect on Friday, marking its first entry into force and raising hopes for increased trade and investment between Europe and South America, while also drawing concerns about environmental safeguards and impacts on domestic industries and livelihoods.
Following a court ruling that certain Trump-era tariffs were unconstitutional, importers can begin filing claims with U.S. Customs and Border Protection to recover duties paid on those tariffs. The refunds apply to eligible shipments and cover duties already collected, with processing handled by CBP and the potential for refunds to include applicable interest; the window to seek relief starts this Monday.
The United States opened new Section 301(b) trade probes into roughly 60 economies to assess whether governments failed to curb imports of goods made with forced labor. Targets include China, the European Union, India and Mexico, along with a broad list that also covers Australia, Indonesia, Japan, Malaysia, Singapore, South Korea, Switzerland, Thailand and the United Kingdom. Findings could justify tariffs without congressional approval, signaling a renewed push on global trade practices amid ongoing U.S. trade-policy actions and ahead of high-level talks with China.
Iranian missile and drone strikes have disrupted key trade routes through the Strait of Hormuz, snarling Asia–Europe shipping and driving up energy prices, with Europe and Asia bearing the brunt and investors in global markets reacting to the chaos rather than the United States.
The Supreme Court ruled that Trump exceeded his authority with emergency tariffs, ending that chapter but Trump vows to reimpose tariffs within the law, signaling a new era of uncertainty for the U.S. economy.
The U.S. merchandise trade deficit hit a record $1.2 trillion in 2025 despite President Trump’s tariff policy, signaling that the tariffs did not close the gap and that trade patterns shifted away from China toward other Asian exporters as import demand remained strong.
Fallout from the Greenland crisis and Trump’s policy approach have contributed to a decline in the U.S. dollar, with the greenback down more than 10% since he returned to the White House; despite remaining a global reserve currency, foreign investors are rethinking exposure to the U.S. amid policy uncertainty and shifting financial markets.
A record rally in gold and silver reflects a global shift away from the U.S. dollar as investors hedge geopolitical tensions and economic uncertainty, a phenomenon known as the debasement trade, pushing gold above $5,100 per troy ounce and silver to fresh highs as demand for hard assets intensifies.
President Trump announced 10% tariffs on Greenland and eight European NATO members—Denmark plus seven others (Norway, Sweden, France, Germany, Britain, the Netherlands, and Finland) with a 25% rate possible from June 1 if they don’t agree to a deal to sell Greenland; the move comes as the Supreme Court weighs IEEPA authority, and the administration aims to force a Greenland purchase.
EU leaders are set to sign a landmark free-trade agreement with Mercosur (Brazil, Argentina and allies) to create what officials call the world’s largest free-trade zone, a culmination of a 25-year effort framed as a demonstration that open markets can endure amid President Trump’s protectionist tilt.