Tariffs News Updates

The ITC finalized the duties after an investigation prompted by a February 2025 petition from a coalition led by Stoughton Trailers and Cheetah Chassis.

The Trump administration said that it intended to appeal a federal judge’s order to allow all companies that paid the invalidated duties to seek refunds, not just the ones that filed lawsuits.

The EU is under a tight deadline to implement the trade pact, as Trump has vowed to hit the bloc with new levies if it doesn’t approve the agreement by July 4. 

Under a proclamation issued late June 1, those import taxes would drop to 15% from 25%. The changes take effect June 8 and would run through the end of 2027.

Nearshoring has further evolved supply chains this year even as tariffs and geopolitical risks have complicated the process.

Tomatoes, ubiquitous in everything from fast-food burgers to haute cuisine, are taking on a new role beyond the plate: A nagging reminder of rising costs.

The shortfall in goods trade shrank 3.4% from the prior month to $82.4 billion, Commerce Department data showed May 29.

U.S. tariffs pushed by President Donald Trump and supply chain disruptions are eroding Mexico’s gains as a manufacturing hub.

The scramble for $166 billion in refunds comes with political and legal risks. Trump says it’s foreign firms that pay his import taxes and he’s painting refund backers as unpatriotic.

American Trucking Associations Chief Economist Bob Costello warned that trucking faces headwinds even as supply contractions drove first-quarter gains.