The United States-Mexico-Canada trade pact, or USMCA, is up for review in 2026. U.S. President Donald Trump negotiated the deal in his first term and included a clause to possibly renegotiate the deal in 2026.
President Trump has been under pressure to approve an aid package for farmers, who have struggled under sinking crop prices and increasing costs for equipment, fertilizer and other production expenses.
The aid comes amid rising frustration among farmers on the slow pace of Chinese purchases, which Beijing clamped down on earlier this year in retaliation for Trump’s escalating tariff barrage.
At issue in the pair of combined cases before the Supreme Court is whether the president exceeded his authority by relying on a 1977 law to impose the tariffs.
Costco joins dozens of other companies including motorcycle manufacturer Kawasaki and canned foods maker Bumble Bee that have filed suits seeking tariff refunds.
The Trump administration said that in return, U.K. drugs firms committed to invest more in the U.S. and create more jobs.
A drop in imports and the trade deficit is good for economic growth because foreign products are subtracted from the nation’s gross domestic product.
Progress in one dimension—whether in employment, nutrition or economic development—often creates new problems that we struggle to solve.
The ruling could be a make-or-break political moment for Trump’s presidency. He has made tariffs central to his tenure, wielding them as leverage not only in trade negotiations but in a wide range of disputes both large and small.
President Trump has called the case one of the most important in the country’s history and said a ruling against him would be “catastrophic” for the economy.
The Chinese promise to buy at least 25 million metric tons of soybeans annually for next three years will bring their purchases back in line with where they were before President Donald Trump launched his trade war with China in the spring.
President Donald Trump described his face-to-face meeting with Chinese leader Xi Jinping on Thursday as a roaring success.
China’s top trade negotiator told reporters the two sides had reached a “preliminary consensus,” while Trump’s treasury secretary said there was “a very successful framework.”
The pledge to slap additional fees on imports from Canada marks the latest escalation in trade tensions between the two countries.
The data for Friday’s report was gathered before Oct. 1, but price data for October isn’t being gathered due to the government shutdown, and the Trump administration suggested Friday that an inflation report won’t be released next month.
Patrick De Haan, head of petroleum analysis for GasBuddy, said while it was difficult to predict with certainty, consumers could see a bump in prices as early as next week, if not sooner.
Voices across Indiana’s beef cattle industry raised concerns including an existing trade deficit between the U.S. and Argentina, disruptions in the market and the quality of the imported beef.
Indiana exports $13.9 billion in goods annually to Canada, with motor vehicle parts, automobiles and trucks each totaling more than $1 billion annually in exports.
When President Trump launched his trade war with China shortly after he returned to the White House, Beijing readily deployed its new tools in addition to raising tariffs to match those imposed by the U.S.
It was China’s first official comment on President Trump’s threat to jack up the tax on imports from China by Nov. 1 in response to new Chinese restrictions on the export of rare earths
