Trade War News Updates

GovernmentBusiness

Carney Says US-Canada Trade Negotiations at ‘Intense Phase’

Prime Minister Mark Carney said his government is in trade talks with the Trump administration despite recent comments from Trump suggesting a deal with Canada wasn’t a priority.

July 28, 2025
GovernmentBusiness

Trump Seeks New Legal Grounds for Brazil 50% Tariff Threat

President Donald Trump’s administration is preparing a new emergency declaration as a basis for tariffs on Brazil, people familiar with the matter say.

July 25, 2025
GovernmentBusinessTechnologyEquipmentLogistics

India 'Confident' It's Nearing Trade Agreement With the US

Indian Commerce Minister Piyush Goyal called U.S. Commerce Secretary Howard Lutnick and U.S. Trade Representative Jamieson Greer “very dear friends.”

July 24, 2025
GovernmentBusinessLogistics

US, India Nearing Interim Tariff Deal Below 20%

India doesn’t expect to receive a tariff demand letter — unlike many other nations this week — and anticipates the trade arrangement will be announced through a statement.

July 11, 2025
GovernmentBusinessTechnologyLogistics

US Tariff-Driven Customs Receipts Top $100 Billion

The Treasury Department recorded $27 billion in customs-duties revenue for June, bringing fiscal year-to-date inflows from levies to $113 billion.

July 11, 2025
GovernmentBusinessLogistics

Geopolitical Chaos Continues to Roil Trucking Industry

The trucking industry is wrestling with an unclear market trajectory forged through a combination of chaotic geopolitical negotiations and enduring market weakness.

July 10, 2025
GovernmentBusinessLogistics

Trump Targets Brazil With Steep 50% Tariff Hike

At an earlier White House event, Trump complained that Brazil had “been not good to us.” His decision on Brazil, Trump said, was “based on very, very substantial facts, and also past history.”

July 9, 2025
GovernmentBusinessLogistics

Tariffs Split Fed Officials on Rate-Cut Outlook

Policymakers pointed to “considerable uncertainty” about the timing, size and duration of the tariffs’ potential effects on inflation, the minutes showed.

July 9, 2025
GovernmentBusinessTechnologyEquipmentSafetyLogistics

Trump to Impose 50% Copper Tariff, Delay Drug Duties

“I believe the tariff on copper we’re going to make it 50%,” President Donald Trump said when asked by a reporter what the rate on those products would be.

July 8, 2025
GovernmentBusinessFuel

BYD Halts Plan to Build Mexico Car Plant Over Trump’s Trade War

Top Chinese electric vehicle maker BYD has shelved plans to build a major plant in Mexico over geopolitical tensions and uncertainty stemming from President Donald Trump’s trade policies.

July 2, 2025