Trade Update – June 24, 2025
Trade
Featured Headlines
CalChamber Urges U.S. Administration to Address Expected Port Congestion, Supply Chain Disruptions
CalChamber, June 19, 2025
Chamber Memo Outlines Possible Tariff Scenarios
U.S. Chamber of Commerce, June 19, 2025
G7 leaders fail to reach ambitious joint agreements on key issues after Trump’s exit
The Associated Press, June 16, 2025
CalChamber Companies in the News
- Exclusive-Chevron seeks buyers for 50% stake in Singapore refinery, sources say
Reuters, June 19, 2025
Trade Policy
White House
- What Is the Strait of Hormuz and Why Is It So Important?
TIME, June 23, 2025 - Oil market awaits Iran response to US attacks. Strait of Hormuz seen unlikely to close.
USA Today, June 23, 2025 - How Trump’s Top Economist Envisions Victory in the Trade War
POLITICO, June 18, 2025
U.S. Department of Commerce
- Korean Chipmakers Face Uncertainty as U.S. Mulls End to China Equipment Waivers
ABP News, June 24, 2025 - US may target Samsung, Hynix, TSMC operations in China, sources say
Reuters, June 20, 2025
U.S. Trade Representative
- Korea’s top trade negotiator holds tariff talks with U.S. counterparts in Washington
Korea Joongang Daily, June 24, 2025 - EU Won’t Give Up Decision-Making Power for a U.S. Trade Deal, Says Top Official
The Wall Street Journal, June 23, 2025
U.S. Department of Treasury
- Joint Statement on the U.S.-UK Financial Regulatory Working Group
U.S. Department of the Treasury, June 24, 2025
U.S. Department of Agriculture
- Senators Ricketts, Fetterman unite against China’s quiet invasion of US farmland
Fox News, June 18, 2025
Export – Import Bank
- Export-Import Bank of the United States Board of Directors Approves Eighth Make More in America Initiative Transaction
EXIM, June 18, 2025
World Trade Organization
- WTO grants Chinese request for panel on Canadian tariffs, trade official says
Reuters, June 23, 2025 - Panels established to review Canadian surtaxes, Chinese duties on farm and fish products
WTO, June 23, 2025 - Members advance Bosnia and Herzegovina’s WTO accession negotiations closer to conclusion
WTO, June 19, 2025
Trade Agreements/ Cooperation
A Multi Billion Barrier to Rebuilding our Cross-Border Partnership
Global Trade Magazine, June 18, 2025
- Russia and Mali sign trade deals, eye nuclear energy cooperation
Reuters, June 23, 2025 - Two of Biggest U.S. Allies Just Made New Defense Deal—Without Trump
The New Republic, June 23, 2025
California
- California to examine its Amazon oil ties following pleas from Indigenous leaders from Ecuador
Los Angeles Times, June 20, 2025 - Tariffs caused cargo slump in May, Long Beach Port officials say, but they expect a boost in late June
Long Beach Business Journal, June 18, 2025 - Port of Los Angeles’ Seroka sees no cargo surge
American Journal of Transportation, June 18, 2025
More International Articles
- World Bank Slashes U.S. Growth Forecast to 1.4% Amid Trade Tensions – VIDEO
Money Talks News, June 24, 2025 - Beijing expresses concern over major trade routes through Gulf
DPA International, June 23, 2025 - Mark Carney names Kirsten Hillman chief negotiator with U.S.
The Canadian Press, June 23, 2025 - Ursula von der Leyen’s return as China hawk shuts down talk of diplomatic reset
Euronews, June 21, 2025 - Canada could slap more duties on US steel and aluminum, says Carney
Reuters, June 19, 2025 - U.S. meat exporters facing Trump tariff retaliation
American Journal of Transportation, June 19, 2025