Tariffs News Updates

President Trump's double-digit taxes on imports from almost every country have disrupted global commerce and strained the budgets of consumers and businesses worldwide.

The U.S. accused China of engaging in unfair trade practices in the semiconductor sector, but is declining to impose additional tariffs on chip imports until at least mid-2027.

President Trump's approach to renegotiating trade deals has injected unease into international supply chains as well as a domestic trucking industry already 2½ years into a downturn.

The value of exports to the U.S. fell by 8% compared with the same period last year. By contrast, exports across the Atlantic had increased by an average of 5% per year between 2016 and 2024.

The United States-Mexico-Canada trade pact is up for review in 2026. Prime Minister Mark Carney confirmed to provincial leaders that trade representative Dominic LeBlanc will attend the meetings.

Prime Minister Mark Carney said negotiations on sector tariffs are likely to be rolled into next year’s review of the U.S.-Mexico-Canada Agreement. 

The Port of Los Angeles expects it will move more than 10 million container units for the second year in a row, but that number is likely to drop off in 2026 as the administration's trade war persists.

The Trump administration threatened retaliation against the European Union in response to efforts to tax American tech companies, singling out prominent firms.

President Trump's aggressive approach to trade policy, alongside other market disruptions, left trucking looking for clarity on a market recovery, investments and equipment.

The growth was largely supported by India’s push into markets like China, although there was also a sharp rebound in shipments to its biggest export destination, the U.S.