Trade News Updates

Canada-U.S. Trade Minister Dominic LeBlanc said the country wants to resolve trade frictions with the Trump administration as part of a comprehensive agreement.

The 10% Section 122 tariffs, which replaced the IEEPA tariffs that the Supreme Court dismissed, are scheduled to expire July 24.

President Trump said April 6 that reopening the strait was “a very big priority,” despite also saying in recent weeks that it wasn’t among the core objectives.

A Customs and Border Protection official told a judge the government won’t be able to process refund demands for the remaining one-third of entries right away.

U.S. Trade Representative Jamieson Greer said preparations for President Donald Trump’s meeting with Chinese counterpart Xi Jinping are on track.

The move is a direct mirror of steps President Trump took to revive his tariff agenda after the Supreme Court last month struck down some of his tariffs.

The deal will now be further negotiated by EU trade representatives Maroš Šefčovič and his U.S. counterpart Jamieson Greer, who are meeting March 27.

The uncertainty has weighed on soybean prices, with Chicago futures headed for a weekly drop of around 4.5%, the most in nearly a year.

The European Parliament’s trade committee will vote March 19 on the accord, which will then go to a full plenary vote later this month or in April.

China’s international trade representative said the Chinese side had expressed concern about trade investigations into manufacturing in foreign countries that the U.S. has launched.