Commerce Secretary Howard Lutnick reminded us of an important but little-discussed part of trade negotiations with Canada and Mexico -- "virtually 75%" of trade between the U.S. and its two neighbors is "already tariff free" because of the USMCA agreement.

Blunt said in an interview the U.S. companies and workers “definitely are at a disadvantage” because they face a 50% tariff on steel and aluminum and a 25% tariff on parts and finished vehicles, with some exceptions for products covered under the United States-Mexico-Canada Agreement that went into effect in 2020.

Shares of General Motors , Ford Motor , and Jeep-maker Stellantis , some of the biggest automakers in the U.S., rallied on Wednesday after news of a trade deal that will reduce tariffs on imported Japanese cars,

A day after the United States reached a trade deal that imposes a 15 percent tariff on imports from Japan, President Donald Trump declared that U.S. business would “BOOM.” But early reads from auto analysts paint a murkier picture — if anything, some experts say, Japanese companies may benefit more than their rivals for now.

President Donald Trump announced new trade deals with Japan and the Philippines this week, bringing the total number of deals to five. However, several major trading partners still haven’t reached trade agreements with the U.S. ahead of the Aug. 1 deadlines.

Mexico is aiming for a U.S. trade agreement before the Aug. 1 deadline, while the European Union said it is ready to retaliate against any tariffs. The post Mexico expects US trade deal shortly; EU mulls retaliatory tariffs appeared first on FreightWaves.

The president imposed tariffs on Japan, one of America’s closest allies, that would have been alarming just months ago. And markets went up.

The action came after the Commerce Department ended a six-year agreement favored by U.S. distributors and importers.

President Donald Trump's confused messaging depresses business and consumer confidence, slows growth and imposes recession risks.

Recent news of Mexico's decision to levy tariffs on textile and apparel products-and institute new restrictions on its Manufacturing, Maquiladora and Export Services Industry (IMMEX) program-have ...

Years of drought in Mexico have already strained its sugar exports to the US, and now proposed tariffs are set to further disrupt this once-reliable trade relationship. President Trump’s planned ...

Treasury Department Secretary Scott Bessent said Tuesday the Aug. 1 date set by President Trump for tariffs to hit countries that fail to negotiate deals with the U.S. is a “hard deadline.” Bessent during an interview on Fox Business’s “Mornings with Maria” said countries without trade deals will be hit with the tariffs Trump