Trade War News Updates

“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.

Paccar expects to seize a bigger U.S. heavy-duty truck market share once the Section 232 import tariffs on medium- and heavy-duty trucks and parts go live Nov. 1.

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

Truck imports that qualify for relief under the U.S.-Canada-Mexico trade agreement will be exempt from the charges, but not buses, according to the fact sheet.

Earlier this year, the two agreed to a truce in which Washington paused tariffs on Chinese goods while Beijing pledged to resume the flow of rare-earth magnets. That expires in November.

Presidential visits during oral arguments are rare, but President Trump considers this "one of the most important cases ever brought, because we will be defenseless," without tariffs.

The change, which has not been confirmed by the Indian government, would boost Trump's efforts to pressure Moscow to negotiate an end to the war in Ukraine.

Industry Minister Melanie Joly would consider Stellantis in “default” in light of federal and provincial government support extended to the automaker.

Volume is expected to slow in coming months as President Trump’s tariffs bite into profit margins and impact consumer prices, and uncertainty over the U.S.-China trade war increases.