tradewardaily

President Trump waived sanctions on Russian diesel ¹. Members of both parties condemned the decision, calling it "irresponsible" and "a deal with the devil" ¹. Congress is pursuing a bipartisan effort to overturn the deal when the body returns after the election ¹.

Secretary of State Marco Rubio held talks with India's foreign minister in Mumbai on Tuesday ³. The two countries are seeking to deepen energy cooperation and move closer to finalizing a trade deal ³. Rubio stated that India is diversifying oil and the trade deal is "very close" ³.

Canada and Ford announced billions in support for industries affected by tariffs ¹.

The United States alleges Canadian interference, while Carney states that Trump's tariffs hurt Americans ⁵. Manitoba pushed Ottawa to keep retaliatory tariffs off farm products ⁴. A U.S. trade representative stated that Manitoba helped persuade Ottawa to spare farm products from tariffs ⁶.

China warned the United Kingdom of firm countermeasures if it joins European Union import curbs on electric vehicles ².

The Business and Coordinating Council of the Philippines (BCCP) opposes pork tariff hikes ². The BCCP cites inflation concerns regarding these tariff increases ².

Candidates in Tennessee's 5th District debated inflation and tariffs during a debate ⁴.

The publication Chartbook | Adam Tooze links 1262 tariffs and inflation ⁶. The publication also lists 36 varieties of Keynesianism, T.W. Schultz and the battle over margarine in Iowa, and Surviving AIDS ⁶.

LEADERSHIP Newspapers reported that India threatens a 45% tariff on soybean cargoes linked to Nigeria ⁴.

Bloomberg reported that diesel and tariffs have been for farmers ¹. KATV reported that Arkansas farmers are pushed to the brink as Senate hopefuls clash over tariffs ². MS NOW reported that Trump rallied in Iowa where farmers have been hit by tariffs and rising fuel prices ³.

1. Trump tariffs on steel, aluminum a 'disaster' for the U.S., think tank report says ¹
2. Steel tariffs have driven up prices significantly but production not as much, study finds ²
3. Ryder fleet facing possible growth need as EPA ‘27 nears. With the EPA ‘27 engine rules impacting nitrogen oxide (NoX) emissions in heavy duty vehicles getting closer every day, the new rules will have a major impact on anybody who buys new vehicles…like… ³
4. Shaking off tariff concerns, steel giant opens $100M plant in Southwestern Ontario ⁴

1. Trump's 50% Tariffs on Canadian Goods Illegally Rely on a Superseded Statute, a Lawsuit Argues (opinion). The import taxes fit a pattern of dubious legal rationales for the president's protectionist policies. ¹
2. New Jersey food importer files lawsuit challenging Trump's 50% tariffs on Canadian goods. A New Jersey food importer filed a lawsuit Tuesday challenging President Donald Trump's power to invoke a Depression-era law to levy a 50% tariff on $20 billion worth of Canadian goods. ²
3. US food importer sues Trump over 50 percent tariffs on Canadian goods ³
4. Kansas Senate debate: Marshall, Hamilton spar on diesel prices, tariffs as race tightens ⁴

The National Water Commission (NWC) applies for a 51 per cent tariff increase ¹.

Western Standard reports Canada's retaliatory tariffs cost consumers $100 million a week ⁴. A small business group told a committee that tariff remission files have sat in Ottawa for a year ⁶.