Trade Update – April 8, 2025
Featured Headlines
Trump Orders New ‘Reciprocal Tariffs’
CalChamber, April 4, 2025
Reciprocal Tariff Calculations
United States Trade Representative
Reactions from around the Globe:
Elon Musk Posts Cryptic Anti-Tariff Video
Newsweek, April 7, 2025
World leaders react to Trump’s tariffs
Reuters, April 3, 2025
China announces 34% retaliatory tariffs on US imports
The Washington Examiner, April 4, 2025
CalChamber Announces 2025 Affordability Agenda
CalChamber, April 3, 2025
CalChamber Companies in the News
- Home builder creates first fire-resistant neighborhood in the U.S.
Fox26 News, April 4, 2025 - Western Growers Statement on Imposition of Tariffs on Goods from Canada, Mexico and China
Western Growers Association, April 2, 2025 - With Trump tariffs in place, Toyota and Honda hold U.S. prices steady
Nikkei Asia, April 3, 2025 - Solar Turbines Partners with Chevron on Hydrogen-fueled Gas Turbine Engine
Solar Turbines, April 3, 2025 - Wine Institute Responds to Administration’s Latest Trade Action and Ongoing Canadian Ban
The Wine Institute, April 2, 2025 - United grows Pacific flights on demand for long-haul travel
Air Freight News, April 2, 2025 - The Impact of Trade Policies on Almonds
Blue Diamond Growers, March-April 2025
Trade Policy
White House
Trump threatens additional 50 percent tariffs on China as markets slump
The Washington Post, April 7, 2025
Report to the President on the America First Trade Policy Executive Summary
The White House, April 3, 2025
Further Amendment to Duties Addressing the Synthetic Opioid Supply Chain in the People’s Republic of China as Applied to Low-Value Imports
The White House, April 2, 2025
Regulating Imports with a Reciprocal Tariff to Rectify Trade Practices that Contribute to Large and Persistent Annual United States Goods Trade Deficits
The White House, April 2, 2025
Fact Sheet: President Donald J. Trump Declares National Emergency to Increase our Competitive Edge, Protect our Sovereignty, and Strengthen our National and Economic Security
The White House, April 2, 2025
Fact Sheet: President Donald J. Trump Closes De Minimis Exemptions to Combat China’s Role in America’s Synthetic Opioid Crisis
The White House, April 2, 2025
- Review of Proposed United States Steel Corporation Acquisition
The White House, April 7, 2025 - Senate rebukes Trump on Canada tariffs, with 4 Republicans joining Democrats
USA Today, April 3, 2025 - Senators introduce bipartisan bill to give Congress more power over tariffs
The Hill, April 3, 2025
U.S. State Department
- Secretary of State Marco Rubio Remarks to Press
United States Department of State, April 4, 2025
U.S. Department of Commerce
- US Commerce Secretary Lutnick, bank CEOs discussed tariffs one day after announcement
Reuters, April 7, 2025 - US plans to hike existing duties on Canadian lumber — even before planned tariffs hit
CNN, April 7, 2025 - Commerce Secretary Lutnick doesn’t back down in face of market sell-off: ‘The tariffs are coming’
CNBC, April 6, 2025
U.S. Trade Representative
Senate Republicans nudge Trump’s trade chief for a tariff end game
POLITICO, April 8, 2025
Full Committee Hearing – The President’s 2025 Trade Policy Agenda
United States Senate Committee on Finance, April 8, 2025
Crapo Statement at Hearing on President’s 2025 Trade Policy Agenda
United States Senate Committee on Finance, April 8, 2025
Wyden’s Statement at the Finance Hearing on Trump’s Global Trade Agenda
United States Senate Committee on Finance, April 8, 2025
Nearly 50 countries want tariff deals, Trump trade chief Greer says
Reuters, April 7, 2025U.S. Trade Representative Issues Statement on President Trump’s Declaration of a National Emergency
United States Trade Representative, April 2, 2025
- Not all US fees on Chinese ships will be implemented, USTR’s Greer says
Reuters, April 8, 2025 - United States Seeks Mexico’s Review of Alleged Denial of Workers’ Rights at Aludyne Automotive Mexico City, S.A. de C.V.
United States Trade Representative, April 3, 2025
U.S. Department of Agriculture
- USDA Announces Agricultural Trade Promotion Programs for FY 2026
U.S. Department of Agriculture, April 2, 2025
U.S. Department of Treasury
- Trump is talking trade deals after Bessent urged him to message tariff endgame
POLITICO, April 7, 2025 - US Treasury Secretary Bessent to head trade talks with Japan – Nikkei
Reuters, April 7, 2025
Export-Import Bank
- Export-Import Bank of the United States to Host 2025 Annual Conference Beginning Tuesday, April 29 in Washington, D.C.
EXIM, April 4, 2025
World Trade Organization
Statement from Dr. Ngozi Okonjo-Iweala, Director-General of the WTO
WTO, April 3, 2025
WTO says tariffs could bring contraction of 1% in global merchandise trade volumes
Reuters, April 3, 2025
- Canada initiates WTO dispute regarding US duties on automobiles and auto parts
WTO, April 7, 2025 - WTO Director-General Okonjo-Iweala warns Trump over new tariffs
Daily Post Nigeria, April 4, 2025 - Committee advances discussions on trade-related climate measures and technology transfer
WTO, April 3, 2025 - WTO chief will answer members’ questions about US tariffs, document shows
Reuters, April 3, 2025
Trade Agreements/ Cooperation
EU offers Trump removal of all industrial tariffs
POLITICO, April 7, 2025
- Turkish investments in Africa stands currently at US$10 billion: Minister of Trade
Minister of Trade April 7, 2025 - Joint Declaration following the first European Union-Central Asia summit
Consilium European Union, April 4, 2025 - Thailand proposes Bimstec free trade area
Bangkok Post, April 4, 2025 - As U.S. tariffs roil markets, Canadian businesses build on European ties at world trade fair
CBC April 4, 2025 - Nepal, Thailand sign eight agreements
Kathmandu Post, April 2, 2025
California
Trump’s tariffs may hurt CA’s budget
CalMatters, April 7, 2025
Gavin Newsom asks world leaders to spare California from retaliatory tariffs
The Sacramento Bee, April 4, 2025
Gavin Newsom wants California exempted from foreign tariffs. Can he do that?
The Sacramento Bee, April 4, 2025
Governor Newsom directs state to pursue strategic relationships with international trading partners; urges exemptions of California-made products from tariffs
Governor of California, April 4, 2025
- America’s largest port is struggling to navigate Trump’s tariffs
POLITICO, April 4, 2025 - Tariffs Study Bill Moves with CalChamber Support
CalChamber, April 4, 2025 - California’s Export Surge In February “May Be The Last Bit of Positive Trade News For Quite Some Time”
Beacon Economics, April 3, 2025
More International Articles
- US stocks dip after careening through a manic day following Trump’s latest tariff threat
The Associated Press, April 7, 2025 - Trump’s trade war threatens a global recession
The Economist, April 6, 2025 - OPEC+ may raise output if US supply disruptions deepen – Rystad Energy’s market update
American Journal of Transportation, April 4, 2025 - Global stock markets reeling following Trump’s tariffs shock
CBC News, April 3, 2025 - Ukraine’s corn could benefit from US tariffs, analyst says
Reuters, April 3, 2025 - WFS resumes cargo handling partnership with Malaysia Airlines’ cargo arm, MASkargo in France as Paris returns to airline’s networkAir Freight News, April 1, 2025