Trade Update – April 1, 2025

Council for International Trade Update

Featured Headlines

Challenges/Opportunities for California’s Trading Relationships Across the Americas
Richard Kiy, President and CEO of the Institute of the Americas in La Jolla, California, March 28, 2025

For previous International Partner commentaries, please see International – Advocacy – California Chamber of Commerce

Trump aides weigh 20% tariffs as nervous world awaits trade war
The Washington Post, April 1, 2025 

On March 26, 2025 President Trump signed a proclamation invoking Section 232 of the Trade Expansion Act of 1962 to impose a 25% tariff on imports of automobiles and certain automobile parts.

• The 25% tariff will be applied to imported passenger vehicles (sedans, SUVs, crossovers, minivans, cargo vans) and light trucks, as well as key automobile parts (engines, transmissions, powertrain parts, and electrical components), with processes to expand tariffs on additional parts if necessary.

• Importers of automobiles under the United States-Mexico-Canada Agreement will be given the opportunity to certify their U.S. content and systems will be implemented such that the 25% tariff will only apply to the value of their non-U.S. content.

USMCA-compliant automobile parts will remain tariff-free until the Secretary of Commerce, in consultation with U.S. Customs and Border Protection (CBP), establishes a process to apply tariffs to their non-U.S. content.

US auto tariffs shake global industry as price hikes, job losses loom
American Journal of Transportation, March 27, 2025

Adjusting Imports of Automobiles and Automobile Parts into the United States
The White House, March 26, 2025

Fact Sheet: President Donald J. Trump Adjusts Imports of Automobiles and Automobile Parts into the United States
The White House, March 26, 2025

Coalition Urges U.S. Trade Rep to Refrain from Imposing Proposed Anti-China Action
CalChamber, April 1, 2025

USTR proposal ironically represents grave threat to U.S. port system
American Journal of Transportation, March 27, 2025

Farmers, Dockhands and Shipowners Fight Against U.S. Fees on Chinese Ships
The Wall Street Journal, March 24, 2025

containers-eu-usa

The Transatlantic Economy 2025
AmCham EU, March 2025

CalChamber Companies in the News

Trade Policy

White House

The White House

U.S. State Department

U.S. Department of Commerce

Update on the Business Secretary’s meeting with US Administration
GOV.UK, March 19, 2025Readout from Secretary Lutnick’s Meeting with Business and Trade Secretary Reynolds
U.S. Department of Commerce, March 19, 2025

U.S. Trade Representative

USTR_Trade-Representative-Seal

USTR Releases 2025 National Trade Estimate Report
United States Trade Representative, March 31, 2025

Readout of Ambassador Jamieson Greer’s Meeting with China’s Vice Premier He Lifeng
United States Trade Representative, March 26,2025US Trade Chief to Speak with Chinese Counterpart as Tariff Rift Widens
GCaptain, March 22, 2024

U.S. Department of Agriculture

U.S. Department of Treasury  

Export-Import Bank

World Trade Organization

Trade Agreements/ Cooperation

California

California group proposes 1,400 acre shipbuilding site
American Journal of Transportation, March 27, 2025

 

More International Articles

Showdown Over CK Hutchison’s $22.8B Port Sale Threatens China’s Pro-Business Push
GCaptain, March 31, 2025

Panama Deregisters Over 100 Sanctioned Vessels in Major Compliance Crackdown
GCaptain, March 31, 2025

China Halts Panama Port Sale to BlackRock
GCaptain, March 28, 2025

China Freezes Business Ties with Li Ka-shing Over Panama Ports Deal
RegTechTimes, March 27, 2025

CalChamber
The California Chamber of Commerce is the largest, broad-based business advocate to government in California, working at the state and federal levels to influence government actions affecting all California business. As a not-for-profit, we leverage our front-line knowledge of laws and regulations to provide affordable and easy-to-use compliance products and services.