July 27, 2026 9:32 am, EDT key takeaways: The U.S. asked Mexico to adopt Section 232-style tariffs on steel and aluminum imports from outside North America during the USMCA review talks, people familiar said. The proposal aims to align North American trade barriers against China while preserving preferential treatment for US, Mexican and Canadian steel
July 21, 2026 12:44 pm, EDT A crane moves an aluminum coil onto the floor of an aluminum manufacturing facility. (Luke Sherratt/Bloomberg) key takeaways: The Trump administration program would reduce aluminum import tariffs from 50% to about 25% for approved companies investing in U.S. plants. The move addresses a shortage of U.S. aluminum as demand
July 20, 2026 9:26 am, EDT A cargo ship loaded with Chinese-made trucks leaves Yantai port in China’s Shandong province. (CPhoto/Future Publishing/Getty Images/Bloomberg) key takeaways: Mexico’s increase in Chinese heavy-truck imports has become a sticking point in US-Mexico trade talks as both countries review the USMCA. Mexican imports of Chinese trucks have increased more than
July 20, 2026 at 5:43 pm, EDT The action threatens to further strain relations between the two neighbours, who have traditionally been close allies. (James Macdonald/Bloomberg) key takeaways: The Trump administration imposed a new 50% tariff on certain Canadian goods on July 20 under Section 338 of the 1930 Tariff Act. Officials said the action
July 16, 2026 10:29 am, EDT Containers at the port of Suape in Ipojuca, Brazil. (Mara Ehrlich/Bloomberg) key takeaways: The US will impose 25% tariffs on imports from Brazil from July 22 after the country found Brazil involved in unfair trade practices. The tariffs are imposed under Section 301 and exempt products including coffee, beef,
The biggest car news and reviews, no BS Our free daily newsletter delivers the stories that really matter straight to you every weekday. A Ford owner in San Diego has voiced a question asked by many since the United States Supreme Court ruled in february The administration’s imposition of tariffs under IEEPA was unconstitutional: Who
July 13, 2026 4:00 PM, EDT Shipping containers at the Port of Los Angeles in February. (Kyle Grillot/Bloomberg) key takeaways: Treasury data from July 13 showed that the US budget deficit for the first nine months of fiscal year 2026 rose 2% to $1.37 trillion, a $120 billion gap in June. The reversal followed a
Helen Budliger Artida in November 2025. (Ore Huiying/Bloomberg) July 8, 2026 2:09 pm, EDT key takeaways: There is “a good chance” that Switzerland will secure a permanent trade deal with the US at 15% tariff rates, according to the country’s top trade diplomat. “A level playing field is the ideal scenario for us,” said State
About 40 companies discussed refunds in the first quarter. (Eric Thayer/Bloomberg) June 30, 2026 10:08 am, EDT key takeaways: The Trump administration began the process of tariff refunds in April after the Supreme Court struck down the tariffs in February. Wells Fargo’s Ohsung Kwon said about 40 companies discussed refunds in the first quarter, but