While Newsom cannot enter binding international agreements with foreign nations, the governor can pursue informal partnerships and export promotion efforts such as state-led trade missions.

The levies, part of a broader trade war, are expected to upend supply chains and add thousands of dollars in costs to most vehicle models.

As operating landscapes become increasingly turbulent, companies in every region are reviewing their supply chain strategies for navigating uncertainty and sudden change. 

Economists have warned that Trump's tariffs will lead to higher prices on a range of products, including cars, auto parts, electronics, furniture, coffee and chocolate.

The near century-old de minimis loophole helped startup marketplaces like Temu and Shein expand rapidly in the U.S. 

Further analysis revealed that the rates weren't related to foreign tariffs at all, and instead targeted the United States' most prominent trade deficits.

White House Press Secretary Karoline Leavitt said this was because existing U.S. sanctions on Russia "preclude any meaningful trade."

Just four made-in-China bulkers — ships that ferry everything from coal to salt — were sold in the second-hand market in March.

Manufacturing and industrial executives today are operating in an environment rife with uncertainty.

Ford saw a 19% rise in sales at dealerships in March, while General Motors reported a 17% year-over-year bump in first quarter sales.