Trade Update – May 6, 2025
Featured Headlines
Low-Value Imports from China, Hong Kong No Longer Duty-Free
CalChamber, May 6, 2025
Talk of Tariffs Keeps Global Connections in Spotlight for World Trade Month 2025
CalChamber, May 2, 2025
ILWU condemns Trump tariffs as “taxes” triggering job losses & urges resistance
American Journal of Transportation, April 30, 2025
ILWU Statement of Policy Opposing Tariffs
ILWU, April 28, 2025
CalChamber Companies in the News
- GM Faces Up to $5 Billion Tariff Bill in 2025, Slashes Outlook
The Wall Street Journal, May 1, 2025
Trade Policy
White House
Fact Sheet: President Donald J. Trump Incentivizes Domestic Automobile Production
The White House, April 29, 2025
Amendments to Adjusting Imports of Automobiles and Automobile Parts into the United States
The White House, April 29, 2025
Addressing Certain Tariffs on Imported Articles
The White House, April 29, 2025
- Regulatory Relief to Promote Domestic Production of Critical Medicines
The White House, May 5, 2025 - Trump says he’ll announce pharmaceutical tariffs ‘over the next two weeks’
Washington Examiner, May 5, 2025 - White House walks back Trump’s big Hollywood tariff announcement
USA Today, May 5, 2025 - White House dismisses U.S. Chamber push for small businesses tariff relief
American Journal of Transportation, May 5, 2025
U.S. Department of Commerce
- House passes Rep. Bob Latta’s bills to secure U.S. internet infrastructure
The Plain Dealer Cleveland, May 5, 2025 - U.S Commerce Department launches steel and aluminum ‘inclusions process’
MINING.COM, May 1, 2025
U.S. Trade Representative
Readout of Ambassador Jamieson Greer’s Meeting with the Economic Revitalization Minister Akazawa Ryosei of Japan
United States Trade Representative, May 2, 2025
The Office of the U.S. Trade Representative, Department of Commerce, Small Business Administration and UK Government Convene the 9th United States-United Kingdom Small- and Medium-Sized Enterprise Dialogue in Charlotte, North Carolina
United States Trade Representative, May 1, 2025
- Some US trade deals could be reached in weeks but no China talks under way, USTR Greer says
Reuters, April 30, 2025
U.S. Department of Treasury
- Treasury’s Bessent on trade talks: US getting ‘good offers,’ most deals to be concluded by end of year
Fox Business, May 6, 2025 - Trump’s Tariffs, Tax Cuts, Deregulation Will Drive US Growth, Investment, Bessent Says
U.S. News, May 5, 2025 - Treasury Secretary Scott Bessent Remarks before the Milken Institute Global Conference
U.S. Department of the Treasury, May 5, 2025
Export-Import Bank
- U.S. Export-Import Bank Lifts Curbs on Coal Plant Loans After Trump Order
Bloomberg , May 1, 2025
World Trade Organization
- Transparency remains a central focus at subsidies committee discussions
WTO, April 29, 2025
Trade Agreements/ Cooperation
UK-India Free Trade Deal: A Deal For Growth
UK.Gov, May 6, 2025
UK and India strike a trade deal amid U.S.-led tariff tensions
CNBC, May 6, 2025
- Brazil and US are negotiating terms of understanding on tariffs, says Brazilian Finance Minister
American Journal of Transportation, May 5, 2025 - U.S. and Indonesia Sign Landmark Dairy Agreement
News Dakota, May 5, 2025 - Zelenskyy: Ukraine and Ecuador to work toward free trade agreement
RBC Ukraine, May 2, 2025 - Ukraine, US sign minerals deal sought by Trump
American Journal of Transportation, May 1, 2025 - Turkey and Italy strengthen ties with trade and defense agreements
The Associated Press, April 29, 2025 - UK and EU to defy Trump with ‘free and open trade’ declaration
POLITICO, April 28, 2025
California
West Coast Senators, Port Leaders Sound Alarm on Trump Tariff Hit to the Economy
GCaptain, May 1, 2025
West Coast Ports Brace for China Tariffs to Dent Import Volume Within Days
The New York Times, April 29, 2025
CBFANC’S Lee says tariffs impacting small business
American Journal of Transportation, May 2, 2025
California Warns of 9% Drop in Foreign Visits in Trump Backlash
Bloomberg, May 6, 2025
Visitation and Spend Forecast (May 2025)
Visit California, May 5, 2025
More International Articles
- Trump, Canada’s Carney to hold high-stakes meeting amid tariff war, takeover threat
ABC News, May 6, 2025 - Mexico lays out measures to avoid steel, textile dumping
American Journal of Transportation, May 5, 2025 - US lawmaker targets Nvidia chip smuggling to China with new bill
American Journal of Transportation, May 5, 2025 - IMF’s Georgieva Says IMF Has Been Vocal About China’s Need to Change Economic Model
U.S. News, May 5, 2025 - South Korea’s Hanwha Ocean Targets US Navy Orders as Trump Seeks Shipbuilding Ties
GCaptain, May 5, 2025 - India Bans Imports From Pakistan And Pakistani Ships
GCaptain, May 3, 2025