Trade Update – May 13, 2025

Trade

Featured Headlines

Modifying Reciprocal Tariff Rates to Reflect Discussions with the People’s Republic of China
The White House, May 13, 2025

Fact Sheet: President Donald J. Trump Secures a Historic Trade Win for the United States
The White House, May 12, 2025

Joint Statement on U.S.-China Economic and Trade Meeting in Geneva
The White House, May 12, 2025

US and China agree to drastically roll back tariffs in major trade breakthrough
CNN, May 12, 2025

U.S. Announces China Trade Deal in Geneva
The White House, May 11, 2025

New US-UK Trade Deal Aims to Boost Export Opportunities for Businesses
CalChamber, May 13, 2025

General Terms for the United States of America and the United Kingdom of Great Britain and Northern Ireland Economic Prosperity Deal
The White House May 8, 2025

PM remarks on the UK’s landmark economic deal with the US
GOV.UK, May 8, 2025

What the U.S.-U.K. trade deal Trump announced means for Britain
The Washington Post, May 8, 2025

Fact Sheet: U.S.-UK Reach Historic Trade Deal
The White House, May 8, 2025

Study Confirms Importance of Foreign Direct Investment in California
CalChamber, May 13, 2025

WTCLA Foreign Direct Investment in California 2025 Report
WTCLA, May 2025

New Shipping Fees on Chinese Ships to Begin in 6 Months
CalChamber, May 9, 2025

CalChamber Companies in the News

Trade Policy

White House

House Democrats’ Litigation Task Force Challenges Trump’s Unlawful, Chaotic Imposition of IEEPA Tariffs
House Committee on the Judiciary, May 13, 2025

Fact Sheet: President Donald J. Trump Announces Actions to Put American Patients First by Lowering Drug Prices and Stopping Foreign Free-riding on American Pharmaceutical Innovation
The White House, May 12, 2025

Delivering Most-Favored-Nation Prescription Drug
Pricing to American Patients
The White House, May 12, 2025

Trump promises to order that the US pay only the price other nations do for some drugs
The Associated Press, May 12, 2025

U.S. Department of State

U.S. Department of Commerce

The Department of Commerce together with USTR Announces Historic Trade Deal with the United Kingdom to Open Markets, Raise Revenue and Strengthen Security
U.S. Department of Commerce, May 8, 2025

U.S. Trade Representative

Top US officials emerge from China trade talks touting ‘substantial progress’ and ‘deal’
CNN, May 11, 2025

U.S. Department of Treasury

Bessent hopeful future US-China trade talks will lay groundwork for ‘more fulsome agreement’
The Hill, May 12, 2025Readout from Secretary of the Treasury Scott Bessent’s and U.S. Trade Representative Jamieson Greer’s Meeting with President Karin Keller-Sutter and Vice President Guy Parmelin of Switzerland
U.S. Department of the Treasury, May 10, 2025


U.S. Trade and Development Agency

World Trade Organization

Statement by DG Okonjo-Iweala
WTO, May 12, 2025

Trade Agreements/ Cooperation

California

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