Latest News Updates From Josh Wingrove

The latest tariff threat comes after negotiations between the U.S. and Canada broke down Aug. 21, which led to a 50% levy on billions of dollars worth of Canadian goods to take effect. 

Under the deal the two countries were working toward, the regular auto tariff would have been lowered to 15% from 25%. Canada wanted that relief expanded to medium- and heavy-duty vehicles, which range from large pickup trucks to commercial vehicles. 

Canadian leader Mark Carney said he will prepare a domestic aid package to help businesses hurt by U.S. tariffs, and is designing those measures to ride out the balance of Trump’s term if necessary.

President Trump said he'd rather the U.S. not be a part of the U.S.-Mexico-Canada trilateral trade pact but sent mixed signals about an upcoming renewal deadline.

The Trump administration reached an agreement with Volvo Car that will allow the automaker to avoid a U.S. ban on connected vehicles tied to China.

President Donald Trump said the federal government was still looking at a rescue plan for Spirit Airlines and would offer a final proposal. 

President Donald Trump claimed that the EU had failed to fully comply with a trade agreement negotiated with the U.S.

The administration has rushed to construct a new tariff regime after the Supreme Court ruled that the president violated the Constitution by imposing many of his previous duties using an emergency law. 

The president has asked aides why he shouldn’t withdraw from the pact, which he signed during his first term, though he has stopped short of flatly signaling that he will do so, Bloomberg reports.

Under an order Trump signed on Jan. 14, the government would collect the duty on the chips as they’re brought to the U.S. before final shipment to Chinese customers and other foreign markets.