Canada withdrew challenges against some import taxes the US levied against lumber in what the government called a “strategic choice,” as Prime Minister Mark Carney seeks a trade deal with President Trump https://t.co/ZNSvPylMNh ...

Retailers with physical footprints, such as Lululemon, Coach and Kate Spade, will pay millions now that import taxes apply to packages of minimal value, executives have said in recent weeks. https://t.co/N67PdvpU8I ...

Trade Relations - The U S extended its trade truce with China [1] - The extension occurred hours before the U S was scheduled to increase import taxes on China [1]

Trade War Impacts - New tariffs imposed, including 35% on Canada and 50% on Brazil, a country responsible for nearly 40% of global coffee production [1] - Countries without trade deals may face reciprocal rates, potentially leading to further negotiations [2] - Some countries have tariffs of 10% to 25% [3] - Coffee drinkers engaged in panic buying when tariffs were initially announced [4] Economic Concerns - Potential warning signs for the US economy are emerging [6] - The US President dismissed weak jobs report data as rigged [6] Business Strategies - Businesses are considering passing tariff costs to consumers or sourcing beans from different, potentially more expensive, countries [3] - Businesses are working on a game plan [3] Price Increases - Tariffs are expected to increase prices of goods, including school supplies [4][5] - Prices are already high and expected to rise further if trade issues are not resolved [5]

Trade Policy - Mexico is increasing import taxes on small online purchases [1] - The tax increase targets companies like Chinese retailers Shein and Temu [1] - This action occurs amidst negotiations to avert US tariffs [1]

Tariffs are likely to bring some manufacturing back to the U.S., but the import taxes are more likely to benefit nearby countries like Mexico, because automation may undercut U.S. job creation in some industries. https://t.co/NNogd4oRyf ...

Trade & Tariff - Businesses are passing the cost of Donald Trump's new import taxes onto customers [1]