Trade Update – February 25, 2025

Featured Headlines

Guest Commentary: The True Cost of U.S. Tariffs on Canada Rana Sarkar, Consul General of Canada in Northern California, February 25, 2025

CalChamber Companies in the News

• Pan Pacific International’s US subsidiary to buy Mikuni Restaurant Group
  Global Data, February 20, 2025
• Netflix Plans to Spend $1 Billion Making Content in Mexico Over the Next 4 Years
  WIRED, February 20, 2025

Trade Policy

White House

Trump Eyes Tariffs to Counter Digital Taxes Big Tech Loathes Bloomberg, February 22, 2025 Defending American Companies and Innovators from Overseas Extortion and Unfair Fines and Penalties The White House, February 21, 2025

• Trump meets with French President Macron at the White House, talk Ukraine deal
  USA Today, February 25, 2025 
• Fact Sheet: President Donald J. Trump Encourages Foreign Investment While Protecting National Security
  The White House, February 21, 2025
• EU official meets with Trump counterparts to resolve tariff threats
  The Associated Press, February 20, 2025

U.S. Department of State

• Sanctions on Iran’s Oil Trade to Reimpose Maximum Pressure
  United States Department of State, February 24, 2025
• Secretary Rubio’s Meeting with UAE President Sheikh Mohamed bin Zayed Al Nahyan
  United States Department of State, February 19, 2025

U.S. Department of Commerce

• President Trump Participates in a Ceremonial Swearing In of Secretary of Commerce Howard Lutnick
  U.S. Department of Commerce, February 24, 2025
• Trump mulls bringing US Postal Service into Commerce Department
  Supply Chain Dive, February 24, 2025

U.S. Trade Representative

• USTR Seeks Public Comment on Proposed Actions in Section 301 Investigation of China’s Targeting of the Maritime, Logistics, and Shipbuilding Sectors for Dominance
  United States Trade Representative, February 21, 2025
• USTR Seeks Comment from the Public on Unfair and Non-Reciprocal Foreign Trade Practices
  United States Trade Representative, February 20, 2025

U.S. Department of Treasury

• Treasury Imposes Additional Sanctions on Iran’s Shadow Fleet as Part of Maximum Pressure Campaign
  U.S. Department of the Treasury, February 24, 2025
  

World Trade Organization

• Need to deepen discussions on WTO reform highlighted at General Council meeting
  WTO, February 19, 2025

Trade Agreements/ Cooperation

• India, Britain Step up Trade Talks Amid Trump Tariff Threats
  Reuters, February 24, 2025
• Ukraine, US in ‘final stages’ of agreeing minerals deal, Kyiv says
  American Journal of Transportation, February 24, 2025
• Australia treasurer to discuss tariffs with US Treasury’s Bessent in Washington
  American Journal of Transporatation, February 23, 2025
• UAE, Italy sign three investment memoranda to facilitate cooperation in pharmaceuticals, minerals, data centres, AI
  Emirates News Agency, February 24, 2025
• Abu Dhabi signs groundbreaking agreements with China to strengthen economic, business partnerships
  Emirates News Agency February 22, 2025
• Pakistan, Turkiye eye $5b trade partnership
  The Express Tribune, February 22, 2025
• Russia Signs Memorandum To Build Port In Myanmar
  GCaptain, February 23, 2025
• Malaysia says ASEAN plans U.S summit to discuss tariff concerns
  Reuters, February 20, 2025

California

CalChamber Webinar: Preparing for Potential Immigration Enforcement in the Workplace – Wednesday February 26, 2025, 10 am PST

• Port of LA handled 924,000 containers in January but tariffs loom large
  American Journal of Transportation, February 20, 2025
• California almond farmers worry about potential tariffs – Video
  KXTV- TV Sacramento, February 21, 2025

More International Articles

• Germany’s election result cements a shift to the right in Europe
  The Associated Press, February 24, 2025
• Who Really Controls the Panama Canal? The Truth Behind Trump’s Claims
  GCaptain, February 24, 2025
• US manufacturers see higher metal prices as tariffs near
  American Journal of Transportation, February 24, 2025
• Drugmaker Amgen to invest $200 million in India site, CEO says
  American Journal of Transportation, February 24, 2025
• Trump Proposes New Ship Fees To Challenge China’s Maritime Might
  GCaptain, February 22, 2025
• Honda exec says US tariffs could cause $20B impact
  Supply Chain Dive, February 21, 2025
• Brazil steelmaker Gerdau rethinks Mexico mill after Trump tariffs
  Reuters, February 20, 2025
• EU trade chief says US shows willingness to work avoid tariff pain
  American Journal of Transportation, February 20, 2025
• Trump adds lumber to list of goods facing tariffs over ‘next month or sooner’
  American Journal of Transportation, February 20, 2025
• Breaking Down America’s Biggest Container Ports: 2024 Trade Insights
  Pacific Merchant Shipping Association, February 20, 2024
• Protecting Navigation and the Commerce Clause in 2025
  Pacific Merchant Shipping Association, February 12, 2025