Unless the EU comes to an arrangement with the U.S., 20% tariffs against the bloc will come into force on April 9.

Although Trump had been outspoken in his opposition to the deal in the lead-up to the November 2024 election, his stance has softened since he's taken office.

There’s been quiet optimism among those following the talks that, despite recent U.S. silence about potential new rules, Washington won’t derail the process.

The U.S. government introduced a 25% tariff on imported cars, which went into effect on April 3.

While Newsom cannot enter binding international agreements with foreign nations, the governor can pursue informal partnerships and export promotion efforts such as state-led trade missions.

The group signed six agreements, including on maritime transport cooperation to boost connectivity between South and Southeast Asia and disaster prevention.

The news comes as several multinational corporations are resetting policies that turn them away from an ESG agenda, including diversity, equity and inclusion initiatives.

The levies, part of a broader trade war, are expected to upend supply chains and add thousands of dollars in costs to most vehicle models.

The near century-old de minimis loophole helped startup marketplaces like Temu and Shein expand rapidly in the U.S. 

Further analysis revealed that the rates weren't related to foreign tariffs at all, and instead targeted the United States' most prominent trade deficits.