Trade News Updates

A Supreme Court decision on the legality of the levies is pending. Chinese company BYD's American units said they brought their suit as they’re not assured of a refund.

The bridge project was negotiated by former Michigan Gov. Rick Snyder and paid for by the Canadian government to help ease congestion over the Ambassador Bridge and Detroit-Windsor tunnel. 

Argentina and the U.S. agreed to scrap hundreds of tariffs on each other’s goods in a trade and investment deal, a major step in President Javier Milei’s push to open up the country's economy.

The goods and services trade gap nearly doubled from the prior month to $56.8 billion, Commerce Department data showed Jan. 29. The trade data has been prone to volatility related to trade policy.

The Detroit-based manufacturer also said it will likely end output of its all-electric Chevrolet Bolt that’s built in the Kansas plant in about a year and a half.

The Parliament’s trade committee postponed the vote indefinitely on Jan. 21, casting doubt on whether the pact will ever get across the finish line. 

The goal is to finalize a preliminary agreement that cuts U.S. levies on Swiss goods to 15% from 39%, which was the highest level among advanced economies.

Rattled by President Trump's aggression toward Greenland, the EU is readying countermeasures against the U.S., including the  “trade bazooka" touted by French President Emmanuel Macron.

Treasury Secretary Scott Bessent said Jan. 20 in an interview on Fox Business that Vice Premier He Lifeng confirmed to him that China has completed their soybean purchases.

Exports to other countries made up for slowing Chinese shipments to the U.S. under President Donald Trump's onslaught of higher tariffs.