Trade Update – January 28, 2025
California Wildfire Resources and Articles:
2025 Los Angeles Fires Help and info for people affected by the wildfires
CA.gov
Visit LA: Support Local Businesses and Help the Region Recover from Wildfires
CalChamber, January 27, 2025
Featured Headlines
Trump Tariff Plans Cause Concern, Much Speculation
CalChamber, January 28, 2025
This Week in Davos:
Davos Can’t Stop Worrying About Inflation Genie Escaping Bottle
Bloomberg, January 24, 2025
Watch: Trump delivers virtual address to Davos Forum
The Hill, January 23, 2025
Debating Tariffs – Video
The World Economic Forum, January 23, 2025
WTO Chief Says Don’t ‘Hyperventilate’ Over Trump Tariff Threats
Bloomberg, January 23, 2025
NATO’s Rutte Says Trump’s Pressure on Putin Is ‘Way Forward’
Bloomberg, January 23, 2025
Davos 2025: Trade, tariffs, AI and UN chief Guterres dominate World Economic Forum agenda
The Associated Press, January 22, 2025
One by One, World Leaders in Davos Fall in Line in Trump Era
Bloomberg, January 22, 2025
Zelenskyy speaks at World Economic Forum in Davos – Video
The Associated Press, January 21, 2025
Generalized System of Preferences launched a new survey
CA State Report – Renew GSP Today
GSP is an important tool for boosting economic growth and job creation. Many U.S. companies’ source raw materials and other inputs from GSP countries, and the duty-free treatment of these imports reduces the production costs of these U.S. manufacturers, making them more competitive. Please take a moment to answer the new GSP Coalition survey and/or share with others in your industry impacted by GSP expiration. The aim is to create similar to the 2014 report combining survey responses with company anecdotes.
CalChamber Companies in the News
- Meta, WhatsApp win relief as India tribunal suspends data sharing ban
Reuters, January 23, 2025 - Home Depot supplier adds new supply chain exec
Supply Chain Dive, January 23, 2025
Trade Policy
White House
Senate confirms Noem as Trump’s homeland security secretary
The Associated Press, January 25, 2025
Hegseth confirmed as Trump’s defense secretary in tie-breaking vote despite turmoil over his conduct
The Associated Press, January 24, 2025
John Ratcliffe Confirmed as CIA Director
Executive.Gov, January 24, 2025
- Readout of President Donald J. Trump’s Call with Prime Minister Modi of India
The White House, January 27, 2025 - U.S., Colombia reach deal on deportations; tariffs, sanctions put on hold
American Journal of Transportation, January 27, 2025 - OPEC+ yet to react to Trump call for lower oil prices
Reuters, January 24, 2025 - Trump eyes 10% China tariff hike by Feb. 1
Supply Chain Dive, January 22, 2025
U.S. Trade Representative
- USTR Announces Review of Unfair Foreign Trade Practices
United States Trade Representative, January 24, 2025 - USTR Announces Compliance Review for the Economic and Trade Agreement Between the Government of the United States of America and the Government of the People’s Republic of China
United States Trade Representative, January 24, 2025
U.S. Department of Agriculture
- USDA Trade Mission to Expand Exports in Thailand, Southeast Asia
USDA Foreign Agricultural Service, January 27, 2025 - Trump’s agriculture secretary nominee lays out ‘day one’ priorities for USDA
Agriculture Dive, January 24, 2025
U.S. Department of Treasury
US sanctions Chinese firm over Treasury hack
Digital Marketing News, January 23, 2025
U.S. Trade and Development Agency
- United States Trade And Development Agency (USTDA) And African Development Bank Renew Partnership To Advance Quality Infrastructure In Africa
MenaFN, January 23, 2025
World Trade Organization
- Davos: DG suggests deep breaths and to “chill” over trade tensions; ministers show WTO support
WTO, January 24, 2025 - Trade wars sparked by Trump tariffs would be ‘catastrophic’, WTO chief says
Reuters, January 23, 2025 - Israel formally accepts Agreement on Fisheries Subsidies
WTO, January 22, 2025
Trade Agreements/ Cooperation
- PH, Japan upbeat on growing two-way trade, sort out issues including bananas
GMA News, January 26, 2025 - India and Indonesia deepen cooperation in defense, trade and maritime security
ABC News, January 25, 2025 - Milei Would Leave Regional Trade Bloc If Needed for US-Argentina Deal
Bloomberg, January 22, 2025 - Saudi crown prince says kingdom intends to invest $600 billion in US during call with Trump
The Associated Press, January 22, 2025
California
CalChamber, Dozens of Local Chambers Bring Together Key Policy, Strategy Leaders to Discuss California’s Top 2025 Legislative Priorities
CalChamber, January 28th, 2025
- Trump’s order won’t halt California’s offshore wind leases. But will it derail the industry?
CalMatters , January 24, 2025 - Port of Los Angeles processed 10.3 million TEUs in 2024
American Journal of Transportation, January 24, 2025 - State Contracting Insights in Spotlight at Small Business Policy Council
CalChamber, January 23, 2025
More International Articles
Made in China 2025—Who Is Winning?
In-Person and Virtual Hearing, February 6, 2025
U.S.-China Economic and Security Review Commission
- World Bank president cautions against hasty reaction to Trump policies
Reuters, January 27, 2025 - Trump to Hold Off on 25% Colombia Tariffs, Reaches Deal on Migrants
Bloomberg, January 27, 2025 - Europe Pushes for Sweeping Regulatory Reform to Compete With U.S., China
The Wall Street Journal, January 24, 2025 - Supply chain risks persist, FDA medical device director says
Supply Chain Dive, January 24, 2025 - Reform of EU Customs needs to balance ‘simplification and reality’
American Journal of Transportation, January 23, 2025 - Bloomberg to Fund UN Climate Body After Trump Exits Paris Deal
Bloomberg, January 23, 2025 - Exclusive-Putin growing concerned by Russia’s economy, as Trump mulls more sanctions
Reuters, January 22, 2025