Tariffs News Updates

Initial signals indicate the leaders are readying a pact that could see a rollback of some tariffs, fees and export restrictions threatened or implemented in recent months.

Trump sidestepped the question of how long he felt extending the deadline was appropriate. He said existing tariff rates were sufficient to convince car companies to move manufacturing to the U.S.

Chinese and U.S. officials reached a broad framework agreement over the weekend in Malaysia, paving the way for Chinese leader Xi Jinping and President Donald Trump to finalize a trade deal.

The Conference Board’s gauge decreased 1 point to 94.6, the lowest since April, data out Oct. 28 showed. The median estimate in a Bloomberg survey of economists called for a reading of 93.4.

American Trucking Associations Chief Economist Bob Costello warns that businesses remain hamstrung by trade policy uncertainty, and said the true impact of tariffs has barely been felt.

ATA President Chris Spear emphasized the federation's active role in this year’s regulatory changes, including in a meeting with then-presidential candidate Donald Trump last summer.

“We have achieved our goal, to make sure that conversation starts with the American people, and with their elected officials, and my goodness, it’s started all right,” Ontario Premier Doug Ford said.

Trump had set a Nov. 1 deadline to raise the fentanyl-related tariffs he imposed on certain Mexican goods to 30% from 25%. The levies apply to products that are not protected by the USMCA.

Agricultural trade was among a range of issues that American and Chinese negotiators said they came to terms on, setting the table for leaders Donald Trump and Xi Jinping to finalize a deal.

Any agreement would be a relief to international markets even if it does not address underlying issues involving manufacturing imbalances and access to state-of-the-art computer chips.