The U.S. is holding public hearings this week in Washington D.C. as part of a mandatory review of the U.S.-Mexico-Canada Agreement (USMCA), as it’s known in the U.S, or Canada-U.S.-Mexico Agreement (CUSMA) as it is known there. The formal review of the agreement is due to start July 1, 2026.
Canadian Prime Minister M

Prime Minister Mark Carney’s government will lower the tariff-rate quota level for steel imports from countries with which Canada does not have a trade agreement to 20% from 50%, according to a person familiar with the government’s plans. Steel produced in those nations will face a tariff when their volumes exceed 20

On November 24, multiple media reported that U.S. President Donald Trump met with Crown Prince Mohammed bin Salman of Saudi Arabia on November 18, and hosted a dinner for him attended by a number of industry executives including Ford Executive Chairman Bill Ford, General Motors CEO Mary Barra, and Tesla CEO Elon Musk

On November 21, the U.S. Office of Strategic Capital (OSC) announced a joint USD 700 million conditional loan commitment for Vulcan Elements and ReElement Technologies to increase domestic Neodymium Iron Boron (NdFeB) magnet production and significantly bolster U.S. critical minerals supply chains.
The two loan porti

On November 24, U.S. President Trump explained on his Truth Social that the full effect of his tariffs on U.S. importers has not yet been felt. 
Trump said that importers, “in order to avoid paying the Tariffs in the short term, “STOCK UP” by purchasing far more inventory than they can use. That heavy inventory purch

On November 20, Niron Magnetics announced that its CEO, Jonathan Rowntree, had testified before the U.S. House Select Committee and presenting the company's breakthrough Iron Nitride magnet technology as a solution to reducing America's critical dependence on rare earth materials. The company’s proprietary magnet tec

On November 23, Canadian Prime Minister Mark Carney told reporters on the sidelines of the sidelines of the G20 leaders’ meeting in Johannesburg, South Africa when asked about trade talks with the U.S., “We are very busy with the future of Canada, and with new partnerships. There will be conversations with the presid

On November 20, the U.S. Department of Energy unveiled a reorganization that rebrands key offices and shows other new offices, including those dedicated to artificial intelligence, fusion, and critical minerals. The plan relocates a 1970s renewable and efficiency office, and eliminates more recently formed offices un

The CEOs of the Detroit Three automakers and a senior Tesla executive ‌have been invited to appear at a U.S. Senate hearing on January‌ 14, 2026 on the impact of auto regulations and vehicle prices.
General Motors CEO Mary Barra,⁠ Ford ‌ CEO Jim Farley, Stellantis CEO Antonio Filosa and Tesla ‍Vice President of Vehic

On November 19, the United States and Saudi Arabia agreed to intensify their engagement on trade issues of mutual interest, including in areas related to reducing non-tariff barriers, recognition of standards, and improving the investment environment. 
The United States and Saudi Arabia recently signed an agreement t

On November 17, Kia confirmed that the EV9 GT has officially been “delayed until further notice”. The sporty electric SUV had its U.S. debut at the 2024 LA Auto Show last November.
Kia said the delay is due to “changing market conditions.” The EV9 GT is the second EV Kia has put on hold indefinitely, following the EV

On November 14, the Trump Administration announced a framework agreement with Switzerland and Liechtenstein to address trade, tariffs, and non-market policies.
To achieve tariff relief, Switzerland intends to facilitate at least USD 200 billion of investment into the U.S., across all 50 states, over the next five yea

Tesla is directing U.S. suppliers to eliminate to exclude China-made components used in the manufacturing of its cars for the U.S. market. The company and its suppliers have already replaced some China-made ‌components and aim to switch all other components to those made outside of China over the next two years, acco

On November 16, Hyundai Motor Group said it will invest KRW 125.2 trillion (around USD 86.4 billion) in the domestic South Korean market from 2026 to 2030, after South Korea  finalized a trade deal that reduced U.S. tariffs on automotive and other imports to 15% from 25% after a promise to invest USD 350 billion in t

On November 14, it was reported that Argentina and the United States announced a “Framework Agreement on Reciprocal Trade and Investment” that will reshape several aspects of their bilateral economic relations, including vehicle imports.
The deal grants preferential market access to U.S. products such as pharmaceutic

On November 13, South Korea and the U.S. signed a formal trade deal reaffirming the historic announcement in July of The Korea Strategic Trade and Investment deal. 
This deal includes USD 150 billion of Korean investment in the shipbuilding sector approved by the U.S., which is referred to as the Approved Investments

On November 13, while announcing framework agreements with Argentina, Guatemala, El Salvador and Ecuador, U.S. President Donald Trump is readying substantial tariff cuts designed to address high food prices as he seeks to address recent voter concerns over the cost of goods. Trump Administration officials this week h

On November 13, Nissan announced that it plans to resume building its Pathfinder, Murano and Frontier vehicles for Canadian-market in spring 2026, setting an end date for the assembly pause at its U.S. plants that began in May after the northern country imposed counter-tariffs in protest of those levied by U.S. Presi

The European Union is preparing a proposal to the U.S. that would implement the next phase of the trade agreement the two sides reached during the summer, according to people familiar with the matter. The action comes as Maros Sefcovic, the EU’s trade chief, is due to meet his U.S. counterparts later in November.
The

General Motors has directed several thousand of its suppliers to alter their supply chains of parts from China, four people familiar with the matter said. The automaker has set a 2027 deadline for some suppliers to dissolve their China sourcing ties, some of the sources said.
GM executives have been telling suppliers