Stories

Browse major news stories and see what officials have said.

Tag: trade ✕
· Updated

Xi's State Visit Ends With a Two-Month Extension of the Trade Truce, a New "Board of Trade" and a Pair of Pandas for Atlanta — Trump Calls It "One of Friendship, Strength, and Success," 21 Senate Democrats Say the Summit "Failed to Deliver," and Chuck Grassley Warns Trump Is "Making a Great Big Mistake by Having a Showcase of a Communist Autocrat"

Xi Jinping's state visit to Washington produced no signed Boeing, soybean or fentanyl deal and no White House readout. On Sept. 23, the day Xi arrived, Treasury Secretary Scott Bessent said on Fox that the "Busan Agreement" trade truce, due to expire Nov. 10, would be extended to Jan. 10, 2027, and USTR Jamieson Greer described a new U.S.-China "Board of Trade" to cut tariffs on lists of goods. The Sept. 24 summit also produced an AI crisis dialogue and two pandas for Zoo Atlanta. Trump called it "a great meeting" and on Sept. 25 posted that he and Xi would meet again in November in China and in December at the G20 in Miami. Reaction split largely along party lines. Twenty-one Senate Democrats led by Jeanne Shaheen said the summit "failed to deliver" and called the truce extension "a temporary band-aid on a crisis of the President's own making." Ron Wyden and Richard Neal said China was breaking its purchase promises while Trump punished allies. Farm-state Republicans welcomed the stability but wanted enforceable purchases, and Chuck Grassley said a truce extension alone would make the visit "a great big mistake."

“Yeah, of course it's a step forward. … Scott Bessent had set this up weeks before the actual visit of President Xi occurred. … We all know that nothing terribly meaningful came out of this conversation. And look, Xi himself is waiting for 37 days when he will now face a president of the United States who has been rebuked by his own people. … But like I said, let's not be too harsh. Anytime we're talking to the Chinese and stopping misunderstandings and making incremental progress on things like AI or not starting another trade war, you know, it's a valuable couple of days.”

James Himes (D-CT) · Sep 27, 2026
China
Xi Jinping
trade
10 statements
· Updated

Diesel Hits a Record $6.51 and Farm-State Republicans Tell Trump to Stop Exporting It — Chuck Grassley Posts That Prices "ARE KILLING FARMERS INCOME," Trump-Backed Senate Nominees in Iowa and Michigan Say the Iran War "Needs to End," John Cornyn Calls a Ban "a Gimmick," and Trump Says "I've Called for It Within My People"

The national average price of diesel reached a record $6.51 a gallon on September 21, 2026, up roughly 80% on the year, as the Iran war and the closure of the Strait of Hormuz, together with the war in Ukraine, cut refinery output and fuel shipments worldwide. Iowa diesel passed $6.50 and Michigan reached $6.81. Farm-state Republicans have spent the past week pressing President Trump to embargo U.S. diesel exports to keep more supply at home. Rep. Tim Burchett (R-Tenn.) filed two bills on September 17, one banning diesel exports through January 2027 and one that would trigger a ban whenever the national average tops $5. Senate Majority Leader John Thune said on September 15 that he was "open to exploring it," and later that the export ban "makes probably more sense to me" than suspending the federal gas tax. On Saturday, September 19, Sen. Chuck Grassley posted that "High diesel prices ARE KILLING FARMERS INCOME" and asked why Trump didn't embargo diesel the way 1970s presidents embargoed farm exports. On Monday, September 21, two Trump-backed Republican Senate nominees, Rep. Ashley Hinson of Iowa and former Rep. Mike Rogers of Michigan, each called for a diesel export pause and a gas-tax suspension, and each said the Iran war needed to end. Hinson has voted against every House resolution to halt the war. Their Democratic opponents, Josh Turek and Abdul El-Sayed, answered that the two were reversing themselves weeks before the election. Oil-state Republicans and the administration's own energy officials pushed back. Sen. John Cornyn of Texas called a ban "a gimmick," Sen. Lisa Murkowski said it "doesn't really move the needle," and Interior Secretary Doug Burgum said the administration would consider one only "if we thought that actually might lower prices, but that's not the case." Refiners and analysts warned that the United States already produces more diesel than it uses, so a ban could glut the Gulf Coast while prices rose elsewhere. Then on September 22, on the sidelines of the U.N. General Assembly, Trump said he had pushed for a ban inside his administration, and Treasury Secretary Scott Bessent said the administration was "examining" whether it was feasible.

“We are working with the industry … to increase the supply of diesel … without using blunt instruments. … Nobody wants a full blanket ban or zero exports of diesel. … What's being discussed is what's the most efficient way to get more diesel into the United States.”

Chris Wright (R-CO) · Sep 24, 2026
energy
diesel
gas-prices
22 statements
· Updated

Trump Imposes 50% Section 338 Tariffs on Canadian Goods, Splitting Republicans

On Monday, July 20-21, 2026, President Trump signed three proclamations imposing additional 50% tariffs on roughly $20 billion in Canadian imports — including motor vehicles, alcoholic beverages and dairy, plus goods ranging from wine to hockey sticks — citing Canada's "discriminatory treatment" of American products. The tariffs take effect August 19, 2026. Trump invoked Section 338 of the Tariff Act of 1930, a Smoot-Hawley-era provision that had never been used by any president, allowing duties up to 50% against countries found to discriminate against US commerce. Democrats attacked the move as an inflationary abuse of trade authority, with Senate Finance ranking member Ron Wyden announcing legislation to curb the president's tariff powers. Republican reaction was notably cool: several GOP senators characterized the tariffs as a negotiating tactic while warning about consumer prices ahead of the midterms.

“I think it is wrong to have a trade war with Canada. It is not in the interest of our country to have a trade war with Canada.”

John Kennedy (R-LA) · Sep 16, 2026
tariffs
trade
canada
68 statements

Two Weeks Before Xi Comes to Washington, Trump Calls a Senator's Warning About Chinese Cars "a Total Phony Rumor" — Then Says in the Same Interview That "If China Wanted to Come In and Open a Plant to Build Their Cars Here, I'd Be OK With That"

On September 9, 2026, Sen. Elissa Slotkin (D-MI) posted that she was hearing "rumors that Trump is planning to allow Chinese cars to be sold in the U.S., as part of a larger deal he's putting together," calling it "a strategic mistake." She cited no source and paired the warning with a push for the Connected Vehicle Security Act, her bipartisan bill with Sen. Bernie Moreno (R-OH) that would bar Chinese-linked connected vehicles, software and hardware from the U.S. market. A House version is led by Reps. John Moolenaar (R-MI), chairman of the Select Committee on China, and Debbie Dingell (D-MI), and the Senate Commerce Committee passed the bill in July. Asked about it on Fox News' "The Ingraham Angle" on September 11, President Trump said "I hate this rumor. It's a total phony rumor," pointing to his tariffs on Chinese cars. But in the same interview he said "If China wanted to come in and open a plant to build their cars here, I'd be OK with that," comparing it to Japanese automakers: "The big thing is they hire our people." He said he did not want Chinese companies building cars in Mexico and shipping them north. The remarks came as Trump prepares to host Chinese President Xi Jinping in the United States, a meeting expected around September 24, and a week after the Alliance for Automotive Innovation — representing Ford, GM, Toyota, Stellantis, Honda and nearly every other major automaker — asked Congress to pass a permanent ban on Chinese vehicles by the end of December. A Biden-era Commerce Department rule already effectively bars Chinese automakers from selling or building connected passenger vehicles in the U.S.

“I hate this rumor. It's a total phony rumor. I'm the one that has a 150 percent tariff on any car from China. … If China wanted to come in and open a plant to build their cars here, I'd be OK with that. … Japan does it, but they hire our people. The big thing is they hire our people.”

Donald Trump (R-FL) · Sep 11, 2026
trade
china
autos
4 statements
· Updated

The Morning Ottawa's Counter-Tariffs Take Effect, Trump Orders $50 Billion of Canadian Goods Off the Federal Procurement Schedules — "NO RECIPROCITY – NO ACCESS!" — and by Nightfall Signs Five Proclamations Banning Canadian Whisky, Whey and Motorcycles Outright, While His Treasury Secretary Calls Canada "This Little Yippy Dog" and a Republican Senator Urges Him to "Deescalate"

At 12:01 a.m. on Tuesday, September 8, 2026, the retaliatory tariffs Prime Minister Mark Carney announced after U.S.–Canada trade talks collapsed in late August took effect — duties of 15 to 50 percent on roughly $20 billion of American steel, dairy, appliances, farm equipment and electronics. Within hours President Trump answered on Truth Social. Canada, he wrote, "has been ripping us off for years," and its federal and provincial governments "have banned American Small Businesses and Companies from selling into their Government Procurement Markets" while Canadian firms enjoy "broad access into the massive American Government Procurement Market." "That is not reciprocity, it is a Canadian Trade Scam. From now on, NO RECIPROCITY – NO ACCESS!" He said he was "hereby directing the GSA, working with the USTR, to take all necessary steps to REMOVE Canadian-origin products from GSA's Multiple Award Schedules" — contracts he put at "more than 50 BILLION DOLLARS a year" — "unless Canada restores full and fair reciprocity for American Farmers and Companies." That evening the White House released five proclamations signed under Section 338 of the Tariff Act of 1930, the same 1930 provision behind the 50 percent tariffs imposed on July 20. Three of them convert existing tariffs into outright import bans, effective September 29: most Canadian alcoholic beverages (wine, cider, vermouth, brandy, rye, rum, gin, vodka, tequila, liqueurs and cordials), non-alcoholic and malt beer, whey protein concentrates and other whey products, molasses, and motorcycles and mopeds. The others recalibrate the underlying tariff list: rock salt, cement, bed sheets, fishing rods, sugar, toilet paper, towels and napkins come off, and all-terrain vehicles, additional cheeses and dairy ingredients, motorboats, aluminum bars and rods, bamboo furniture, paper products, desks and lamps, golf carts, iron and steel columns and tubing, and mattresses go on at 50 percent from September 15. The dairy proclamation says Canada "maintained the discriminations against the commerce of the United States" after the July action, citing its tariff-rate quota allocations for American cheese. U.S. Trade Representative Jamieson Greer called the package "a natural consequence of Canada's continued discriminatory treatment of crucial American exports, ranging from alcoholic beverages to dairy products to motor vehicles," after Canada "walked away from a near-final trade deal" and "chose to embark on senseless retaliation." A senior administration official told reporters an "alternative pathway" could still be negotiated before the bans bite and that the carve-outs were meant "to really minimize the impact on supply chains here." The tone had been set over the weekend. On Fox News on Saturday, Treasury Secretary Scott Bessent likened Canada to a dachshund that "used to antagonize" his German shepherd: "This little yippy dog used to bark away, and for a long time, a 110-pound German shepherd was ignoring the dachshund and then one day she had enough." The counter-tariffs, he said, were "negligible" for U.S. prices, and Ottawa "were given the opportunity for a great trade deal and they didn't want it." Sunday and Monday brought the president's renaming of New Mexico, his complaint about Canada's exchange rate and his threat to bar Bombardier from selling aircraft in the United States. The congressional response on the day itself was thin, with the House out of session and the Senate in pro forma sessions. Sen. Susan Collins of Maine, who had written to Greer and Commerce Secretary Howard Lutnick about the July tariffs, thanked the administration on Wednesday for the road-salt and cement exemptions — the border town of Frenchville would have paid $10,000 more for salt, and one ready-mix company owner "would pay $150,000 each month" — but noted that "significant tariffs – including those on forest products – remain in effect and will lead to higher costs for Maine families," and urged the administration "to continue to work to deescalate this conflict." Colorado Gov. Jared Polis told CTV that "America does not view Canada as the 51st state, any more than Canada views United States as the 11th or 14th province," adding, "Unfortunately, in our country, that guy's our president, and that's kind of the problem." Ottawa did not announce further retaliation. Carney, in a video address the same day, said "the cumulative U.S. demands revealed that they wanted us to become even more reliant on them, not less," and trade minister Dominic LeBlanc said Canada would "work in good faith and constructively" whenever Washington "is ready to engage in dialogue." Lutnick was due in Mexico City on Wednesday to meet President Claudia Sheinbaum; 50 percent duties on Canadian cars and trucks remain under consideration for January 1.

“I appreciate the Administration's announcement that it will exempt road salt and cement from U.S. tariffs. In my communication with Ambassador Greer and Secretary Lutnick, I focused on road salt and cement as two products crucial to Maine that would be severely affected by these tariffs. I mentioned in a letter to the Administration that Frenchville, a small Maine town on the Canadian border, would incur $10,000 in extra costs for road salt, threatening the town's ability to provide municipal services. I also shared that I had heard from Maine ready-mix cement company owners, one of whom told me his company would pay $150,000 each month because of this tariff. These additional exemptions follow Canada's announcement that it will carve out American seafood and fish products from its retaliatory tariff list, which would have caused significant harm to Maine's lobstermen. However, significant tariffs – including those on forest products – remain in effect and will lead to higher costs for Maine families and uncertainty for businesses. I urge the Administration to continue to work to deescalate this conflict and reach a trade resolution with our Canadian partners.”

Susan Collins (R-ME) · Sep 9, 2026
tariffs
trade
canada
9 statements
· Updated

The Transportation Secretary Tells Ford It Is "Actively Intertwining Its Future With Chinese State-Backed Enterprises" — Three Weeks After the Commerce Secretary Said "Ford Is Going to Rock Us" by Bringing Manufacturing Home — and Ford Calls the Letter "a Wrongheaded Attempt to Capture Headlines"

On September 8, 2026, Transportation Secretary Sean Duffy sent Ford CEO Jim Farley a letter expressing "the profound concern of the U.S. Department of Transportation" about "the strategic trajectory of Ford Motor Company," and released it to the press. The letter cited Ford's licensing of battery technology from China's CATL — a company on the Pentagon's list of Chinese military-linked firms — at its BlueOval Battery Park in Marshall, Michigan; its arrangement letting Chinese automaker Geely build vehicles at Ford's plant in Valencia, Spain; reported talks with BYD over hybrid components; and Ford's decision to keep building the Lincoln Nautilus in China until 2030. Ford's choices, Duffy wrote, "paint a troubling picture of a foundational American brand actively intertwining its future with Chinese state-backed enterprises," and a company that "intentionally chooses to deepen operational dependencies on strategic competitors" fails "to act as the reliable partner the American public and this DOT require." Ford answered the same day with unusual bluntness for a company dealing with its regulator. It called the letter "a wrongheaded attempt to capture headlines at the expense of a company that has done more for American manufacturing than virtually any other in the nation's history," said it contained "factual errors," described the CATL deal as "a limited technology-licensing and services agreement, not a joint venture or foreign-owned manufacturing operation" under which "Ford owns the plant, controls the operation and employs the workforce," and noted that "Had Secretary Duffy reached out before issuing his letter to the press, we would have been happy to share more details." Ford also pointed out that Commerce Secretary Howard Lutnick had praised the Nautilus decision on August 13, telling Fox Business after a joint interview with Farley that "Ford is going to rock us with bringing manufacturing back to America." On September 9, congressional Republicans lined up behind Duffy. Sen. Rick Scott (R-FL) thanked him for "sounding the alarm about Ford's risky ties to CCP companies," and Rep. John Moolenaar (R-MI), chairman of the House Select Committee on China — who in July had said Ford was "actively helping the Chinese Communist Party" by hosting Geely in Spain — said "Ford should work with our nation's allies, not our adversaries." Michigan's Democratic delegation had not weighed in as of the evening of September 9.

“… sounding the alarm about Ford's risky ties to CCP companies.”

Rick Scott (R-FL) · Sep 9, 2026
trade
china
manufacturing
7 statements

Trump Tells the Fed to Cut Rates or He Will "Stop Trading" With Every Country the U.S. Runs a Deficit With — Ten Days Before a Meeting His Own Fed Chair Is Signaling Will Raise Them

On Friday, September 4, 2026, hours after a jobs report showed employers added 162,000 jobs in August, President Trump posted a Truth Social ultimatum telling the Federal Reserve to cut interest rates or he would cut off trade with every country that runs a surplus with the United States: "LOWER THE RATE OR I'LL STOP TRADING WITH COUNTRIES WITH WHICH WE HAVE A DEFICIT." He told the Fed Board it "must get smart — BE PATRIOTS for a change." The threat capped an unusually broad week-long pressure campaign: Vice President JD Vance told a White House briefing on September 3 that it was "proper and responsible" for the Fed to lower rates; National Economic Council director Kevin Hassett said on September 4 that the administration "respect[s] their independence" but that the case for holding steady was "pretty strong"; and senior economic counselor Peter Navarro, in a Friday interview with Steve Bannon, called members of the rate-setting Federal Open Market Committee "clowns" and said a hike would be "careless." The target of the campaign is Trump's own hand-picked Fed chair. Kevin Warsh, confirmed in May 2026 in the closest vote in modern history, used his Jackson Hole speech in late August to say the Fed's focus needed to be squarely on inflation, and markets put the odds of a quarter-point hike at the September 15-16 meeting at roughly 60 percent. The meeting falls eight weeks before midterm elections in which polling shows widespread voter anger over prices — a frustration Sen. John Kennedy (R-La.) described on "Meet the Press" on September 6 as inflation "gutting people like a fish," while conceding his own party was unlikely to do anything about it before November.

“That inflation is a big if. And it’s gutting people like a fish.”

John Kennedy (R-LA) · Sep 6, 2026
federal-reserve
economy
inflation
8 statements
· Updated

Trump Waives Tariffs on 300,000 Metric Tons of Foreign Ground Beef to Cut Grocery Prices — and Nearly Every Republican From Cattle Country Turns on Him, With One Calling It "Worse Than Socialism"

On Friday, August 21, 2026, President Trump announced that for the next 90 days the United States will allow up to 300,000 metric tons of lean beef trimmings for ground beef to be imported with no out-of-quota tariff. He said foreign exporters had committed that "this beef will be sold at 25 percent below current market prices," and framed it as relief for grocery bills eleven weeks before the midterms: "This deal will reduce prices for Americans while giving space for our Great American Beef Herd to grow again." An executive order was expected within two weeks. The USDA touted the move as proof of Trump's commitment to "lowering the cost of everyday goods for the American people." The backlash came the same afternoon, and it came almost entirely from his own party. Both Nebraska senators, all three Nebraska House Republicans, Montana's Republican senator, Iowa's senior Republican senator and two of the House GOP's most vocal backbenchers went on the record against it within hours. Sen. Tim Sheehy (R-Mont.) said he had privately advised Trump against the policy "for a year" and warned that the ranchers it would hurt are "most of whom are MAGA Republicans." Rep. Thomas Massie (R-Ky.) called it "Worse than socialism!" Sen. Deb Fischer (R-Neb.) said she was "extremely disappointed by this decision from the White House." The substantive objection was consistent across party lines: the U.S. cattle herd is at historically low levels, and ranchers argue that suppressing prices with imported product removes the incentive to rebuild it. National Cattlemen's Beef Association CEO Colin Woodall said the move "sacrifices long-term stability for short term messaging." Democrats attacked from a different angle — Rep. Marcy Kaptur (D-Ohio) tied it to the administration's earlier expansion of the Argentine beef quota. Trump, asked about the rancher complaints, said: "I love the ranchers; they've done a fantastic job. But they admit that we need a little help, and, in order to get the prices down, so that's what we're doing."

“The orders are “very earthshaking from the standpoint of positivity for our ranchers and for our farmers, who I love.” Ranchers and farmers “have always been a number one priority to me. They like me, and I like them.””

Donald Trump (R-FL) · Sep 4, 2026
tariffs
trade
agriculture
27 statements
· Updated

Trump Signs an Executive Order Renaming Lake Ontario "Lake America" — "All We Need Is an Ocean" — and Even Chris Christie Calls It "Completely Childish"

On August 27, 2026, President Trump signed an executive order in the Oval Office directing the Interior Department to update federal geographic information systems to rename Lake Ontario as "Lake America," effective immediately. The order asserts that because "the deepest parts of the Lake's waters" lie within United States territory, "the United States claims most of the Lake's volume," and that the lake "has long been an integral asset to American exploration, settlement, commerce, and defense." Trump had floated the idea two days earlier, on August 25, in the middle of the collapse of US–Canada trade talks and the Section 338 tariff fight. Asked what message he meant to send Canada, Trump said "No message" and then added that Canada "has been ripping us off for a long time on trade." He framed the order as a sequel to renaming the Gulf of Mexico: "we have a gulf and we have a lake. Now, all we need is an ocean." The reaction from US officials was near-uniformly negative and unusually mocking. Senate Democratic Leader Chuck Schumer, whose state borders the lake, called it "a juvenile effort" and "a pathetic attempt at distraction" from tariffs raising costs in Upstate New York. Gov. Kathy Hochul answered in five words on X: "New York won't be calling it that." Sen. Amy Klobuchar said that "on behalf of the great Lake Superior, I call that superiorly stupid." Sen. Chris Van Hollen called it "more evidence we elected a toddler as president," and Sen. Mark Kelly asked how renaming a lake helps Americans who "can't afford their lives right now." Elected Republicans were largely silent. Former New Jersey Gov. Chris Christie called the order "Childish. Completely childish." Rep. Jeff Crank (R-CO), asked the next day whether the body of water is Lake Ontario or Lake America, said he was "unaware of — what's the reference?" and then, "I don't know. I — I have other more pressing issues I'm working on. Goodness!" Canadian officials rejected the renaming outright. Prime Minister Mark Carney noted the name derives from the Wendat word Ontari'io and predates both Confederation and the Declaration of Independence; Ontario Premier Doug Ford said it "will always be Lake Ontario to all Canadians and the rest of the world." The lake's name in Canada is unaffected — the order reaches only US federal usage.

“President Trump's inane executive order is a weak attempt to distract from the fact that the Trump administration has raised costs on hardworking families, caused gas prices to skyrocket, and cut the programs that Americans rely on to get healthcare and put food on the table. Instead of renaming Great Lakes for no good reason, the president should stop the political games, get back to the negotiation table, and make a deal that lowers costs for New York families. I am proud to announce this legislation to restore Lake Ontario's original name, and I look forward to getting it passed.”

Kirsten Gillibrand (D-NY) · Sep 3, 2026
canada
trade
executive-orders
29 statements

Trump and Xi Hold High-Stakes Beijing Summit; China Warns Over Taiwan

President Trump traveled to Beijing on May 13-14, 2026 for a two-day summit with Chinese President Xi Jinping — the first U.S. presidential state visit to China in years. Xi placed Taiwan at the center of talks, calling it "the most important issue" and warning that if it is "mishandled," the two countries "will have clashes and even conflicts, putting the entire relationship in great jeopardy." The two leaders agreed on a framework for "constructive strategic stability," that the Strait of Hormuz must remain open, and that Iran should not acquire nuclear weapons. Trade, tariffs, AI, and rare earths were also on the agenda. A major pre-summit flashpoint: Trump had not formally notified Congress of a $14 billion in arms sales to Taiwan that Congress pre-approved in January 2025. A bipartisan group of eight senators — led by Sen. Jeanne Shaheen (D-NH) and Sen. Thom Tillis (R-NC) — sent Trump a letter urging him to proceed with the sale. A second bipartisan letter, led by Sens. Bennet (D-CO) and Curtis (R-UT), urged Secretary Rubio to reaffirm U.S. commitments under the Taiwan Relations Act.

“The way you respond to a China flex is with a flex. China needs to stop being a personal trainer for our adversaries.”

Thom Tillis (R-NC) · May 11, 2026
china
taiwan
diplomacy
3 statements