Trade Update – October 6, 2026

Featured Headlines
19th Anniversary Edition – Trade Update
Thanks to our over 5,000 readers around the world for your continued interest and support.
Nineteen years ago, on October 1, 2007,
the California Council for International Trade (CCIT) merged with
the California Chamber of Commerce International Trade Committee to create the CalChamber Council for International Trade,
which expands California’s voice on trade.
Please visit the CalChamber’s “History of the CCIT,” and visit our Archive for past Trade Updates!
Susanne Stirling, Senior Vice President, International Affairs
Xóchitl Bartolomé, Administrative Assistant, International Affairs
and Corporate Relations
And thanks to the
CalChamber Communications Department!
John Myers, Senior Vice President of Communications
and External Affairs
Ann Amioka, Vice President, Communications
Steve Dormann, Web Managing Editor
Neil Ishikawa, Art Director
Lisa Haggard, Communications Assistant
Taylor Elliot, Communications Specialist
US, China Extend Trade Truce But Port Fees Pending
CalChamber, October 6, 2026
China, US agree to tariff cuts on $60 billion of goods including agriculture, household items
American Journal of Transportation, September 28, 2026
U.S.-China Board of Trade
The White House, September 27, 2026
China and the United States Reach Eight Deliverables and Understandings
Ministry of Foreign Affairs, PRC, September 26, 2026
Fact Sheet: President Donald J. Trump Advances a Fair and Reciprocal Relationship
with China While Hosting Historic State Visit
The White House, September 25, 2026
USMCA
USTR Seeks Public Comment on the 2027 Joint Review of USMCA
United States Trade Representative, October 2, 2026
From motorcycles to booze, US ban on $1 billion worth of Canadian imports goes into effect
The Associated Press, September 29, 2026
USMCA talks delayed again: What it means for Mexican auto jobs and car prices
Latin Times, September 27, 2026
Deloitte slashes 2027 economic outlook by 20% as trade tensions worsen
Global News, September 29, 2026
California
California’s economy continues to dominate — topping $4.5 T in economic output, and remains
the world’s fourth largest economy
Governor of California, September 25, 2026
California delegation wraps historic participation at Climate Week NYC —
demonstrating strong climate and economic leadership on the world stage
Governor of California, September 25, 2026
During Climate Week NYC, Governor Newsom announces major development
for California’s carbon market, deepens cooperation with Australia, signs new Finland partnership
Governor of California, September 23, 2026
- California’s hallmark economic sectors are confronting threats to their survival-Commentary
CalMatters, September 30, 2026
Trade Policy
The White House
- G7 nations will release 100 million barrels of oil and diesel fuel after prices soar
The Associated Press, October 2, 2026 - ‘Ball and chain’: Trump’s tariffs still a drag on global trade cooperation
POLITICO, October 1, 2026
U.S. Department fo Commerce
United States Trade Representative
- Ambassador Greer Issues a Statement on G20 Trade Ministers Reaching Consensus on Condemning the Weaponization of Food through Coercive Trade Actions
October 2, 2026 - Ambassador Greer Delivers Opening Remarks at the 2026 G20 Trade Ministerial
United States Trade Representative, September 30, 2026
U.S. Department of Treasury
- URIF Approves Additional Investments and Partnerships in Energy and Critical Minerals
October 2, 2026
U.S. Department of Agriculture
- Secretary Rollins Congratulates Luke Lindberg on World Food Programme Appointment, Welcomes President Trump’s Nomination of Greg Ibach to Lead TFAA
September 29, 2026
U.S. Trade and Development Agency
- USTDA Funds Secure, AI-Ready Digital Infrastructure in Colombia
September, 29, 2026 - USTDA Funds Critical Mineral Refinery in the DRC
September 25, 2026
World Trade Organization
- Director-General cites concerns with pace of negotiations as chairs report on state of play
October 1, 2026
Trade Agreements/ Cooperation
- Saudi Arabia slashes crude prices for Asia as exports recover
The Wall Street Journal, October 5, 2026 - India, US have reached a plateau in trade talks, Indian finance minister says
Reuters, October 4, 2026 - EU reaches initial free trade deal with Philippines in pivot to Asia
Reuters, September 22, 2026
2026 West Coast Summit: Missions, Machines & Mutual Trust in the AI Age
October 14, 2026
U.S.-India Business Council – U.S. Chamber