UPDATE: 4/11/2025—The ongoing trade tensions between the United States and China have escalated once again, with both countries continuing to impose retaliatory tariffs in response to each other's measures. In a recent development, the White House issued an Executive Order announcing a significant increase in tariffs on Chinese imports, raising them from 84 percent to…
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President Donald Trump has suspended the country specific reciprocal increases, and currently the all-country reciprocal rates remain at 10 percent. The European Union responded by pausing its own retaliatory countermeasures, signaling a possible cooling of recent trade tensions. The announcement came during a press conference at Trump National Doral in Florida, where the president framed…
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In response to the Trump administration’s latest tariff announcement, both China and Canada have rolled out retaliatory tariffs aimed at the US. As these retaliatory actions unfold, businesses in both China, Canada, and the US will be forced to navigate a more complex and unpredictable global marketplace. China's Response to “Liberation Day” Beginning April 10,…
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On April 2, 2025, President Donald Trump announced sweeping reciprocal tariffs aimed at promoting US manufacturing and addressing trade imbalances. The measures include a universal 10 percent tariff on all imported goods starting April 5, with significantly higher rates for specific countries, including 34 percent on China (on top of existing tariffs bringing the minimum…
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To revive shipbuilding in the US and curb China’s influence in marine shipping, the Trump administration drafted an executive order back in February to impose a port fee on any vessel built or operated from China that enters a US port. The proposed fee, supported by a report from the US Trade Representative (USTR), could…
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Canada has announced a 25 percent tariff on a wide range of US-origin goods, in response to the US government's continued tariffs on Canadian steel and aluminum products. These tariffs, amounting to $29.8 billion in affected products, took effect at 12:01 am on March 13, 2025. The newly imposed tariffs specifically target goods originating from…
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President Trump has announced a postponement of the 25 percent tariffs on certain goods from Mexico and Canada that were set to go into effect March 4, 2025. The pause applies to goods from Mexico and Canada that comply with the United States-Mexico-Canada Agreement (USMCA), the trade deal negotiated during Trump’s first term. Amendments have been…
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Following perceived systematic challenges in collecting duties, President Trump has paused the Chinese and Hong Kong exclusions from Section 321 through an amendment to the executive order from February 1, 2025. The update clarifies that certain goods may still qualify for duty-free de minimis treatment under U.S. law, but this exemption may be discontinued once…
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President Trump spoke with Mexican President Claudia Sheinbaum this morning, and Canadian Prime Minister Justin Trudeau this afternoon, with both calls resulting in the postponement of a 25 percent tariff on US imports for one month while negotiations continue. “I look forward to participating in those negotiations with President Sheinbaum as we work toward a ‘deal’…
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On February 1 2025, President Trump issued Executive Orders imposing tariffs on imports from Canada, China and Mexico. These tariffs are effective at 12:01 am Eastern Time (ET), February 4, 2025 with the President invoking authority principally under the International Emergency Economic Powers Act (IEEPA) and referencing section 301 of the Trade Act of 1974. The following tariffs will be in addition…
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