Trade Update – June 17, 2025
Featured Headlines
Business, government, and international leaders from around the state and globe gathered in Sacramento on June 4, 2025, for the California Business Outlook, Consular Corps & International Partners Reception and Dinner.
Jennifer Barrera’s Opening Remarks for the California Business Outlook
CalChamber, June 6, 2025
International Trade and Tariffs
Lieutenant Governor Eleni Kounalakis and Visit California President/CEO Caroline Beteta discuss the many connections between international trade, tourism, tariffs, California’s economic success and affordability.
International Economic Forecast
Dr. Christopher Thornberg, founder of Beacon Economics, outlines for California Business Outlook attendees on June 4th the relationship between social narratives, economic policy and what the data shows is really happening.
Consular Corps, International Partners Greet Governor, First Partner, State Officials in Reception at Historic Governor’s Mansion
CalChamber, June 6, 2025
California Consular Corps and International Partners attend a reception at
the Governor’s Mansion.
Attendees included representatives of nearly 60 countries.
‘When California Builds, California Prospers’
Remarks delivered by Maryam S. Brown, 2025 chair of the California Chamber of Commerce Board of Directors/Chief Executive Officer of Southern California Gas Company at the first California Business Outlook Dinner.
California Business Outlook Hosts Candidates for California Governor
California Business Outlook dinner attendees had the opportunity to compare the views of six candidates for California Governor participating in a panel discussion.
Thank you to all who joined us on June 4th, the CalChamber is always happy to host our international community here every year in Sacramento. If you would like to see photos from the event, please click here!
Trump Tariffs Remain Despite Legal Challenge
CalChamber, May 30, 2025
US-China trade deal is ‘done,’ Trump says
American Journal of Transportation, June 11, 2025
The US and China have reached a trade framework after 2 days of talks in London, says China’s negotiator
Business Insider, June 10, 2025
CalChamber Companies in the News
- Avianca Cargo announces a collaboration agreement with Amazon Air Cargo
Air Freight News, June 5, 2025 - Blue Diamond Growers Announces Plans to Streamline its Operations into its Salida and Turlock Manufacturing Plants
Blue Diamond Growers, June 6, 2025
Trade Policy
White House
On June 10, 2025 , the U.S. Court of Appeals for the Federal Circuit in Washington ordered President Trump’s IEEPA Tariffs via the International Emergency Economic Powers Act of 1977 can remain until the New York based Court of International Trade CIT makes a final decision on the sweeping tariffs.
V.O.S Selections, Inc. Et.al v. Donald J. Trump
United States Court of Public Appeals, June 10, 2025
Trump approves Nippon Steel’s $14.9 billion purchase of US Steel
Reuters, June 13, 2025Regarding the Proposed Acquisition of the United States Steel Corporation by Nippon Steel Corporation
The White House, June 13, 2025Adjusting Imports of Aluminum and Steel into the United States
The White House, June 3, 2025
Fact Sheet: President Donald J. Trump Increases Section 232 Tariffs on Steel and Aluminum
The White House, June 3, 2025
President Trump leaves G7 summit early over conflict between Israel and Iran
CBS News, June 17, 2025Live updates: Trump attends G7 summit in Canada amid trade tensions
NBC News, June 16, 2025Donald Trump eyeing new trade deals at critical G7 summit
Newsweek, June 16, 2025
Fact Sheet: Implementing the General Terms of the U.S.-UK Economic Prosperity Deal
The White House, June 17, 2025 UK automakers to secure US tariff relief by end of June
POLITICO, June 17, 2025Implementing the General Terms of The United States of America-United Kingdom Economic Prosperity Deal
The White House, June 16, 2025
- Restricting The Entry of Foreign Nationals to Protect the United States from Foreign Terrorists and Other National Security and Public Safety Threats
The White House, June 4, 2025 - Fact Sheet: President Donald J. Trump Restricts the Entry of Foreign Nationals to Protect the United States from Foreign Terrorists and Other National Security and Public Safety Threats
The White House, June 4, 2025 - How a small wine company complicated Trump’s sweeping tariff plans
The Washington Post, May 31, 2025
U.S. Department of Commerce
- President Trump Secures $200B Investment from Micron Technology for Memory Chip Manufacturing in the United States
U.S. Department of Commerce, June 12, 2025 - Exclusive-US suspends licenses to ship nuclear plant parts to China, sources say
Reuters, June 6, 2025 - Lutnick Urges Tougher Enforcement of Export Curbs on China
Bloomberg, June 5, 2025 - US trade deficit narrows sharply in April; imports post record drop
Reuters, June 5, 2025 - Statement from U.S. Secretary of Commerce Howard Lutnick on Transforming the U.S. AI Safety Institute into the Pro-Innovation, Pro-Science U.S. Center for AI Standards and Innovation
U.S. Department of Commerce, June 3, 2025
U.S. Trade Representative
- USTR Eases Port Fees for Foreign Vehicle Carriers, Scraps LNG Export Mandate
Sourcing Journal, June 11, 2025 - USTR eases proposed penalties, fees for non-US LNG tankers, vehicle carriers
Reuters, June 9, 2025 - USTR Opens Public Comment Process on Proposed Modifications to Certain Aspects of Section 301 Ships Action
United States Trade Representative, June 6, 2025 - Readout of Ambassador Jamieson Greer’s Meeting with European Trade Commissioner Maroš Šefčovič
United States Trade Representative, June 4, 2025 - USTR Seeks Comments Regarding Foreign Nations Freeloading on American-Financed Innovation
United States Trade Representative, May 23, 2025
U.S. Department of Treasury
- Secretary Scott Bessent’s Statement Before the Senate Finance Committee
U.S. Department of the Treasury, June 12, 2025 - Secretary Scott Bessent’s Statement Before the Appropriations Subcommittee on Financial Services and General Government
U.S. Department of the Treasury, June 11, 2025 - Secretary Scott Bessent’s Statement Before the House Ways and Means Committee
U.S. Department of the Treasury, June 11, 2025 - US Treasury says BOJ should continue to tighten policy
Reuters, June 6, 2025 - Treasury Releases Report on Macroeconomic and Foreign Exchange Policies of Major Trading Partners of the United States
U.S. Department of the Treasury, June 5, 2025 - Readout from Secretary of the Treasury Scott Bessent’s and Secretary of Commerce Howard Lutnick’s Meeting with Minister Ryosei Akazawa of Japan
U.S. Department of the Treasury, May 30, 2025
U.S. Department of Agriculture
USDA Launches Agribusiness Trade Mission to Peru
USDA Foreign Agricultural Service, June 9, 2025
- Integrity of USDA data questioned after trade report redaction
USA Today, June 11, 2025 - US agri exports seen growing as Philippines’ middle class expands
Inquirer, June 8, 2025 - Now Accepting Applications for Agribusiness Trade Mission to Taiwan
USDA Foreign Agricultural Service, June 3, 2025
Export – Import Bank
- Trump Eyes First Overseas Mining Deal: US Weighs $120M Loan for Critical Minerals’ Greenland Rare Earths Project
Stockwits, June 16, 2025 - Heads of G7 Export Credit Agencies – Meeting Statement
EXIM, May 28, 2025
World Trade Organization
- WTO chief ‘won’t keep quiet’ to appease Trump
POLITICO, June 13, 2025 - Finland commits EUR 2.5 million to new phase of EIF support for sustainable trade in LDCs
WTO, June 13, 2025 - Azerbaijan, China Finalize WTO Negotiations On Goods And Services
MENAFN, June 13, 2025
Trade Agreements/ Cooperation
- Canadian prime minister formally opens G7 summit at ‘turning point in history’
The Associated Press, June 16, 2025 - Vietnam and the US conclude a third round of tariff negotiations
Vietnam Investment Review, June 16, 2025 - Qatar, France affirm strength of bilateral relationship, pledge to expand strategic partnership on key files
Quatar Tribune, June 6, 2025 - Germany’s Merz says he agreed to boost cooperation with White House on trade issues
Reuters June 5, 2025 - US and Europe trade negotiators say progress but no breakthroughs on tariff talks in Paris
The Associated Press, June 4, 2025 - China and South Africa deepen economic cooperation through trade initiatives
Daily News, June 4, 2025
California
ICYMI: California is now home to the most Fortune 500 companies
in the country
Governor of California, June 4, 2025
- Tariffs take toll on Port of Los Angeles imports
American Journal of Transportation, June 16, 2025 - The State Lands Commission Appoints Dr. Matthew Dumlao as Executive Officer
CA State Lands Commission, June 5, 2025 - Trump tariff lawsuit tossed, California says it will appeal
USA News, June 3, 2025 - Strengthening California-India Energy Partnerships
California Energy Commission, May 29, 2025
More International Articles
- Crude markets volatile as Israel-Iran conflict escalates
American Journal of Transportation, June 16, 2025 - Switzerland cuts 2025 economic outlook as trade war risks weigh
American Journal of Transportation, June 16, 2025 - Taiwan places export controls on Huawei and SMIC
TechCrunch June 15, 2025 - Container Shipping Faces New Threats After Israeli Strikes on Iran
GCaptain, June 13, 2025 - US importers turn to brokers to navigate Trump-era tariffs, at a cost
American Journal of Transportation, June 11, 2025 - Pentagon Calls Shipbuilding a Top Priority, But Congress Says Budget Falls Short
GCaptain, June 11, 2025 - What to Know About Mexico’s Sweeping Judicial Election
The New York Times May 29, 2025