Overview

• President Trump ordered a tariff increase on Canadian imports from 25 percent to 35 percent under emergency authority to pressure Canada over fentanyl and illicit drug flows.
• The U.S. finalized reciprocal trade agreements with the European Union and Japan setting 15 percent tariffs in exchange for hundreds of billions in energy purchases and investments.
• Pennsylvania Sen. John Fetterman hailed the administration’s leverage strategy as a success while Sens. Jack Reed and Elizabeth Warren warned of rising consumer prices and disrupted supply chains.
• The U.S. Court of International Trade has stayed the emergency-based tariffs pending appeal, raising questions about presidential power under the 1977 International Emergency Economic Powers Act.
• Lawsuits from states and businesses challenge the so-called “Liberation Day” tariffs as exceeding executive authority, leaving their long-term fate uncertain.