On May 20, the European Commission welcomed the political agreement reached between the European Parliament and the Council of the EU on two Regulations eliminating tariffs on all US industrial goods and providing preferential market access for certain US agricultural and seafood products. The agreed final texts will

On May 13, it was reported that Mexico is negotiating with the U.S. to reduce automotive tariffs imposed under Section 232, aiming to bring them below 12% to maintain regional competitiveness in North America.
According to Gabriel Padilla, head of the Industria Nacional de Autopartes (INA), while the U.S. government

On May 8, U.S. President Trump said in a Truth Social posting that he will give the European Union until July 4 to finalize ratification of its trade agreement with the U.S., and warned that tariffs “would immediately jump to much higher levels” if the bloc failed to do so.
It was unclear which tariffs he was talking

On May 7, the U.S. Court of International Trade ruled against President Donald Trump's latest 10% global tariffs, finding across-the-board tariffs were not justified under a 1970s trade law. 
The 2-1 ruling of judges in favor of the small businesses that challenged the tariffs that took effect on February 24, followi

On April 30, the European Commission announced that the EU-Mercosur Interim Trade Agreement (ITA) will start being provisionally applied from May 1, 2026. The provisional application of the ITA will create new opportunities, supporting the exports of industrial goods, services, and agri-food products to Argentina, Br

On May 6, U.S. Trade Representative Jamieson Greer said that the changes the European Union is considering to the transatlantic trade deal hammered out last year could limit American exports to the bloc. “We didn’t agree to” those tweaks, Greer said ahead of a set of talks scheduled for the evening.
EU Trade Commissi

After a January 2026 visit to Beijing, Canadian Prime Minister Carney reduced the tariff on Chinese-made EVs from 100% to 6.1%, with a quota of 49,000 vehicles allowed for the first half of 2026. A second allocation of 24,500 vehicles will be allowed in September through February 2027, after which the quota will expa

On May 4, the European Automobile Manufacturers’ Association (ACEA) announced that it is urging co-legislators to conclude negotiations as quickly as possible ahead of the EU–US trade agreement trilogue talks scheduled for May 6, 2026. 
The automotive industry welcomes the broad cross-party majority achieved in the E

Following President Trump’s threat to impose a 25% tariff on EU car and truck imports on May 1, Bernd Lange, chair of the European Parliament’s trade committee, condemned the move as “unacceptable,” calling it further proof of U.S. unreliability. 
Trump had already imposed a 25% global auto tariff in early 2025 but l

Note: Some figures were updated on May 8.
According to preliminary figures compiled by MarkLines as of May 2, U.S. new‐vehicle sales in April 2026 (including estimated figures for GM, Stellantis, Tesla, etc.) totaled 1,374,365 units, down 6.0% year on year. The number of selling days in April was the same as a year e

On May 1, a government holiday celebrated in Europe and elsewhere to honor labor, President Trump said he was raising tariffs on cars and trucks imported from the EU from 15% to 25%, claiming that the trade bloc had failed to fully comply with a negotiated trade agreement. 
“I am pleased to announce that, based on th

On April 28, General Motors reported that its Q1 2026 earnings fell 5.7% compared to the same period last year as it has had to deal with tariff costs, a diminished EV market, and settlements with suppliers after cancelling programs.
However, GM is raising its full-year 2026 EBIT adjusted guidance due to a favorable

On April 23, the U.S. government announced that the Trump administration is offering relief from tariffs on steel and aluminum to individual companies if they make detailed commitments to increase U.S. capacity of primary steel and primary aluminum that supports U.S. production capacity for automobiles, medium- and h

On April 27, Canadian Prime Minister Mark Carney told CBC News that Canada and the U.S. could resolve the ongoing tariff dispute within days if the U.S. side had the "bandwidth and the inclination to go through with it."
Carney said that the Canadian side is ready to work on a deal that would see some of the tariffs

On April 27, India and New Zealand signed a Free Trade Agreement, concluded in a record 9 months from the announcement of negotiations on March 16, 2025. The FTA eliminates pre-FTA peak tariffs of up to 10% on Indian engineering goods and auto components exported to New Zealand, providing zero-duty market access acro

On April 22, Prime Minister Mark Carney said that negotiations with the Trump administration to renew the USMCA trade agreement will take time, stressing the Canada will not accept U.S.-dictated terms. Carney called for a “comprehensive approach” that includes resolving U.S. Section 232 tariffs on Canadian steel and

On April 19, Canadian Prime Minister Mark Carney spoke about his country’s relationship with the U.S. in upcoming trade agreement talks as workers in auto, steel and lumber industries remain under tariff threat. "The U.S. has fundamentally changed its approach to trade," Carney said in a video titled Forward Guidance

On April 20, U.S. Trade Representative Jamieson Greer told Mexico's auto and steel industry leaders that they should not expect the renegotiation of the U.S.-Mexico-Canada Agreement (USMCA) to remove President Trump's tariffs on their sectors, according to sources familiar with the discussions. "Greer said tariffs ar

U.S. Trade Representative Jamieson Greer will arrive in Mexico City on the weekend for a full day of bilateral trade talks on April 20. Economy Minister Marcelo Ebrard said that the second round of USMCA review talks between Mexico and the U.S. will take place during Greer’s visit. “We’ll be working the whole day on

On April 14, U.S. Treasury Secretary Scott Bessent said that President Trump’s tariffs may be restored by July to the levels in place before the Supreme Court struck down many of his levies.
“We had a setback at the Supreme Court in terms of the tariff policy, but we will be implementing or conducting Section 301 stu