January 26, 2026 — U.S. President Donald Trump has threatened to impose 100 percent tariffs on Canada if it follows through in finalizing a trade deal with China.
“The last thing the World needs is to have China take over Canada. It’s NOT going to happen, or even come close to happening! Thank you for your attention to this matter,” Trump said in a 24 January social media post.
January 20, 2026 — U.S. President Donald Trump has threatened a new set of tariffs on eight European countries, potentially impacting the seafood industry and a prior trade deal with the European Union.
In a post on his social media site Truth Social, Trump threatened 10 percent tariffs on Denmark, Norway, Sweden, France, Germany, the U.K., the Netherlands, and Finland starting 1 February over those countries’ decision to station personnel in Greenland. He added those tariffs will be increased to 25 percent on 1 June 2026 unless he receives a deal for the “Complete and Total purchase of Greenland.”
January 7, 2026 — When I was an economics major in the late 1960s, I was taught that tariffs, as well as non-tariff barriers, should be avoided as a burden on trade and a tax on the populace. However, because the world has not accepted that teaching and tariffs have become a major defensive tool for advancing the Trump administration’s policy objectives, the conventional wisdom should be reconsidered.
Today, there are over 180 nation-states trying to be competitive on the world markets for goods and services, 35 percent of which are represented by the United States. Consequently, access to our markets is extremely important. U.S. tariffs provide critical, indispensable leverage against unfair foreign trade practices, including tariffs and nontariff barriers to our exports, and unfair penetration of our markets to the detriment of domestic production and jobs. Lessons can be drawn from trade experiences with two of America’s closest allies: Japan and Canada.
Japan, over the last 40 months, has devalued its currency against the U.S. dollar by 50%, from 105 to 155 yen to the dollar. This means that Japan has effectively established the equivalent of a 50% tariff on all international imports.
October 29, 2025 — The U.S. and South Korea have reached a trade deal that will reduce tariffs on the Asian nation from 25 percent to 15 percent, both countries announced on 29 October.
U.S. President Donald Trump initially threatened the 25 percent tariff in July, with a start date of 1 August. Since that time, all goods from the country – including seafood – have been subject to the duty.
September 2, 2025 — The United States Court of Appeals for the Federal Circuit has ruled a large swath of U.S. President Donald Trump’s tariffs are illegal, but the tariffs will stay in place as the case awaits appeal.
The court ruled that the sweeping tariffs on almost every country in the world Trump announced in April were an overreach of his authority to impose tariffs under federal economic emergency laws. Trump had issued the “reciprocal” tariffs under the International Emergency Economic Powers Act (IEEPA), but the appeals court ruling said that the IEEPA does not have a mechanism to impose tariffs.
March 11, 2025 — Container ports in the United States are seeing elevated cargo levels, according to the Global Port Tracker report released by the National Retail Federation (NRF) and Hackett Associates. The report comes amid rising uncertainty over tariffs in the U.S., where President Donald Trump’s rapidly evolving trade policy has shaken up the shipping industry and sent a chill through markets.
NRF Vice President for Supply Chain and Customs Policy Jonathan Gold said that uncertainty around tariffs, particularly those on goods from China, is leading retailers to rush their imports into the country.