Key developments: The U.S. Trade Representative Jamieson Greer announced that, starting Friday, 60 foreign trading partners will face new import duties of 10% or 12.5%. The lower rate applies to 17 countries that have signed on to forced‑labor…
Continue reading Trump Administration Announces New 10%-12.5% Tariffs on 60 CountriesKey developments: On July 23, 2026 the U.S. Trade Representative announced that the Trump administration will impose new tariffs on 60 foreign trading partners. Seventeen countries – including Canada, Mexico, the United Kingdom and several Asian economies –…
Continue reading Trump Administration Rolls Out 10‑12.5% Forced‑Labor Tariffs on 60 NationsTrout River Industries, a Prince Edward Island‑based trailer manufacturer, has felt the impact of the U.S. trade war, absorbing close to $1 million in tariff costs and seeing sales dip on both sides of the border. Every trailer sold…
Continue reading Atlantic Canadian trailer maker pivots to domestic market as U.S. tariffs biteTITLE: US Tariff Landscape Shifts as Court Strikes Down IEEPA Duties and Effective Rates Hover Near 7% Key developments: A February 20, 2026 Supreme Court ruling declared the Trump administration’s IEEPA‑based tariffs illegal, prompting a drop in the average…
Continue reading US Tariff Landscape Shifts as Court Strikes Down IEEPA Duties and Effective Rates Hover Near 7%\n\nKey developments: A February 20, 2026 Supreme Court ruling declared the Trump admKey developments: The U.S. International Trade Commission’s latest data show the average effective tariff rate remained at 7.1 % in August 2026, a level that persists despite the Supreme Court’s February 20, 2026 ruling that struck down the IEEPA‑based…
Continue reading U.S. Effective Tariff Rate Holds at 7.1% as New York Fed Finds Trump Tariffs Added 2.9 Percentage Points to InflationKey developments – Canada announced a new 10% tariff on canned vegetables, sparing the United States, signaling selective pressure on specific imports while broader trade talks continue. – The United States’ average effective tariff rate slipped to 7.1%…
Continue reading USMCA Review Looms as Canada Raises Vegetable Tariffs Amid Declining U.S. Effective Tariff RateKey developments – On July 1 the United States, Canada and Mexico will hold their first trilateral USMCA review, a meeting first scheduled on June 20, 2026, that will examine how recent tariff actions are affecting the three‑nation pact. -…
Continue reading New Wave of Tariff Moves Redraws North‑American Trade LandscapeKey developments: On July 23, 2026 the Trump administration rolled out a new round of Section 301 tariffs, levying a 10% duty on imports from 17 countries and a 12.5% duty on the remaining 43 partners, targeting forced‑labor concerns.…
Continue reading Trump Announces 10%-12.5% Tariffs on 60 Trade Partners
