The group agreed to cease its strike against ships in the region in January, but warned at the time that "any aggression" from other nations would lead to further attacks.
CSCOs need to find effective ways to enhance their organizations' responsiveness and, when possible, gain a competitive edge in the shifting trade environment.
Ford and Lutnick are scheduled to meet again in Washington, D.C. on March 13, where they're expected to engage in discussions about renewing the USMCA.
This comes after President Donald Trump rolled out 10% levies on all products imported into the U.S. from China in February, before raising rates to 20% in early March.
Ginger Faulk, partner with the law firm of Eversheds Sutherland, describes the ways that international traders can offset the impact of new import tariffs imposed by the Trump administration.
President Trump's tariff policy toward Canada, Mexico, and China has widespread implications for economic conditions in the U.S., as well as the nation’s standing in the international economic system.