Tariffs News Updates

New Delhi may agree to gradually reduce its imports of Russian oil and allow the U.S. to export more non-genetically modified American corn and soymeal, the Mint newspaper reported.

Tariffs appear somewhat limited in their ability to control what American firms import, as China’s sway over sectors such as rare earths and electronics makes its products hard to dislodge.

Soybean futures erased earlier gains after President Donald Trump said a planned meeting with his Chinese counterpart, Xi Jinping, may not happen. 

“Paccar delivered good revenues and net income in the third quarter of 2025. Peterbilt, Kenworth and DAF’s excellent trucks contributed to the good results,” said CEO Preston Feight.

Manufacturers are telling the Canadian government to take inspiration from Donald Trump’s tax cuts to help businesses remain competitive as they face cost pressures and uncertainty.

Canada’s statistics agency says it hasn’t received data on U.S. imports of Canadian goods for September, raising the possibility it will be unable to proceed with a release of trade figures.

Prime Minister Mark Carney said Canada is in “intensive negotiations” with the U.S. and that he expects to see President Donald Trump at the APEC summit in Gyeongju, South Korea, next week. 

CEO Mary Barra thanked President Donald Trump for extending through 2030 a tariff discount on some imports for carmakers that produce and sell completed automobiles in the U.S.

Small businesses challenging many of President Trump’s tariffs urged the Supreme Court to affirm lower-court rulings that the import levies are a massive illegal tax on American companies.

President Trump signed an agreement with Australian Prime Minister Anthony Albanese to boost access to critical minerals and rare earths, as the U.S. looks to reduce reliance on China.