Inside Trade

October 3, 2025

TRADE AUTO EMAIL

State of the talks: White House looks to refine announced trade deals, continue negotiations

Nearly a month after President Trump’s Aug. 1 deadline for new deals with dozens of U.S. trading partners, the administration continues to negotiate the details of several high-profile agreements he announced during that window while continuing talks with other countries -- including China, which is sending negotiators to Washington this week after months of meetings in third countries. While the White House announced a litany of high-profile trade agreements in the weeks leading up to Aug. 1, many came with...

Soybean group president: Rural America in ‘dire’ situation because of China tariffs

Caleb Ragland, the Kentucky farmer who leads the American Soybean Association, sees a lot of bad signs. While this year’s soybean crop is strong -- the Agriculture Department this month projected a record yield -- he tells Inside U.S. Trade that China’s lack of imports, falling soybean prices and rising inputs have put farmers on the brink of financial ruin. Soybeans are the largest U.S. agricultural export crop and China is by far the sector’s largest customer, historically buying...

Citing supply chain risks, USGS proposes additions to critical minerals list

The United States Geological Survey has unveiled a draft update to its critical minerals list, adding potash, silicon, copper and other key resources with supply chains the agency says are susceptible to trade disruption. USGS 2025 draft list of critical minerals, issued in an Aug. 26 Federal Register notice includes a total of 54 minerals, up from 50 on the existing list, last updated in 2022. It adds potash, silicon, copper, silver, rhenium and lead while dropping arsenic and tellurium...

EU says Trump’s digital threat will not stall joint framework implementation

The European Commission this week will move forward with legislation to zero out tariffs on U.S. industrial goods despite President Trump’s threat to impose new tariffs or export restrictions on any country with “digital taxes, legislation, rules or regulations,” which puts the EU and its digital policies directly in the Trump administration’s crosshairs. The EU’s digital policies have long been an irritant for U.S. policymakers and business groups and the Trump administration has repeatedly criticized them as unfairly targeted at...

Trump: ‘No changes’ to South Korea deal after Lee meeting

President Trump said Monday that his face-to-face meeting with South Korean President Lee Jae Myung had spurred “no changes” to a trade deal the two countries agreed to last month despite Seoul’s concerns with “some problems” in it -- and, he said, Korea’s hope to renegotiate its terms in Washington. “I think we have a deal done. They had some problems with it, but we stuck to our guns. We are going to -- they’re going to make the deal...

Trump announces probe of furniture imports, pledges tariffs

Editor's note: This story was updated after initial publication to include a comment from an administration official. The Trump administration will begin a “major Tariff investigation” of furniture imports that will lead to new duty rates, the president said on Friday, touting an effort a White House official said would be pursued as part of an ongoing national security-focused probe into lumber and timber products. “Within the next 50 days, that Investigation will be completed, and Furniture coming from...

Powell: Tariffs having ‘clearly visible’ impact on prices

The Trump administration’s sweeping tariff regime has had a “clearly visible” impact on U.S. prices, though whether the new duties will prompt “one-time” price increases or persistent inflation remains unclear, Federal Reserve Chair Jerome Powell said on Friday. During a highly anticipated Aug. 22 speech at the Fed's annual symposium in Jackson Hole, WY, Powell said “Higher tariffs have begun to push up prices in some categories of goods.” He cited estimates showing that core personal consumption expenditure prices “rose...

Second-ever RRM panel sides with U.S. in call center labor dispute 

The second-ever panel established under the U.S.-Mexico-Canada Agreement’s novel rapid-response mechanism has sided with Washington, concluding that workers at a Mexican call center were denied their rights and that the violations had not been sufficiently remediated. The U.S. in early 2024 asked Mexico to review allegations of employer interference in worker organizing at Atento Servicios, S.A. de C.V. in Pachuca de Soto, Hidalgo, following an RRM petition by Sindicato de Telefonistas de la República Mexicana (STRM), a Mexican union. Mexico...

Šefčovič: EU on track to secure tariff cap on autos retroactive to Aug. 1

The European Commission is confident it can secure a 15 percent tariff cap on its auto exports to the U.S. retroactive to Aug. 1, the bloc’s trade commissioner said on Thursday after Washington and Brussels unveiled new details about their recent trade deal. The two sides early on Thursday issued a much-anticipated joint statement setting out commitments each side had made under the deal, announced last month, including a promise by Washington to implement a tariff cap on autos as...

California rebuts DOJ reading of SCOTUS decision cited in IEEPA cases

The state of California is contesting the Justice Department’s interpretation of a recent concurrence by Supreme Court Justice Brett Kavanaugh that the government is touting as a signal that the high court would grant the president wide latitude to impose tariffs through the International Emergency Economic Powers Act. California is one of a long list of state and private plaintiffs challenging President Trump’s invocation of IEEPA to impose tariffs, calling the policy an overreach of his executive authority and claiming...

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