Trade Update – February 24, 2026

Council for Internatonal Trade Update
tarrifs

Featured Headlines

Supreme Court Ruling on Trump Tariffs
Supreme Court of the United States

US High Court Ruling Kicks Off New Round of Tariff Actions
CalChamber, February 24, 2026

Trump spares EU and UK from higher tariff rates for now
POLITICO, February 24, 2026 


Customs and Border Protection released guidance regarding
its termination of IEEPA tariff collection,
effective 12:00 a.m. ET on February 24

U.S. Customs and Border Protection

CSMS # 67844987 – Imposing Temporary Section 122 Duties
U.S. Customs and Boarder Protection

Imposing a Temporary Import Surcharge to Address Fundamental International Payments Problems
The White House, February 20, 2026

Continuing the Suspension of Duty-Free De Minimis Treatment
for All Countries

The White House, February 20, 2026

Ending Certain Tariff Actions
The White House, February 20, 2026

Fact Sheet: President Donald J. Trump Imposes a Temporary Import Duty to Address Fundamental International Payment Problems
The White House, February 20, 2026

2025 Trade Statistics are available through the
U.S. Department of Commerce
International Trade Administration’s
Trade Stats Express.”

In 2025, California exported $188.40 billion in goods to around 225 foreign economies.
California’s top export markets are:
Mexico, Canada, Taiwan, Japan and China.

2025 U.S. Trade Reaches a Record $5.6 Trillion
and Trade Deficit Sets a New High

Forbes, February 23, 2026

U.S. International Trade in Goods and Services,
December and Annual 2025

U.S. Bureau of Economic Analysis (BEA), February 19, 2026

The White House

President Trump Delivers 2026 State of the Union Address & Democratic Response 4PM PST
C-SPAN, February 24, 2026 

 

Zelenskyy says Putin has ‘not broken’ Ukrainians as he marks 4 years since Russia’s all-out invasion
The Associated Press, February 24, 2026

California

‘Dismal’ China exports add to freight trade slump
for nation’s biggest port

CNBC, February 18, 2026

Trade Policy

The White House

U.S. Department of Commerce

U.S. Trade Representative

Export-Import Bank

U.S. Trade and Development Agency 

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.