Navigating the Trump Tariff Turbulence: A Comprehensive Timeline

As April 2 approaches, the ongoing tariff saga continues to unfold, bringing new developments each day. Expana is tracking the latest headlines and breaking down the key updates as they happen, as evidenced in the latest newsletter.

This week, US President Trump announced a new “secondary tariff” directed at Venezuela and any country buying their oil, citing Venezuelan criminal activity in the US. 

On March 26, Trump announced a separate 25% tariff on all imported cars and light trucks, effective April 3, reported Expana. The measure applies to American brands assembling cars...

What Trump Tariffs Mean for Food and Agriculture Trade

US President Donald Trump announced a 25% tariff on imports from Canada and Mexico and an additional 10% tariff on imports from China.

Tariffs for Canada and China are in effect as of February 4, while the tariffs on Mexico have been delayed for one month following negotiations with Mexican President Claudia Sheinbaum, who agreed to send 10,000 members of her country’s national guard to the border to address drug trafficking... 

Trump Pauses Tariffs on USMCA-Compliant Imports from Mexico, Canada Until April 2

President Donald Trump’s social media posts are shaping trade policy in real-time: The president announced that some of the previously enacted 25% tariffs on Mexican goods will be delayed until April 2.

“After speaking with President Claudia Sheinbaum of Mexico, I have agreed that Mexico will not be required to pay Tariffs on anything that falls under the USMCA Agreement. This Agreement is until April 2nd.”

An hour prior, Trump also posted about Canadian PM, Justin Trudeau on Truth Social...

US Commerce Secretary Hints at Possible Tariff Relief for Canada, Mexico

The Trump administration’s tariff policy remains in flux as Commerce Secretary Howard Lutnick suggested that the president may adjust tariffs on Canada and Mexico on March 5.

In a Fox Business interview on Tuesday, Lutnick stated, “I think (Trump)’s going to work something out with them.” He clarified that while a full pause isn’t on the table, Trump is open to a compromise with the U.S.’s neighbors.

“Both the Canadians and Mexicans were on the phone with me all day today trying to show that they’ll do...

‘The Tariffs Are All Set’: Trump Imposes 25% Tariffs on Canada and Mexico

It’s official. The US will implement a broad 25% tariff on Canada and Mexico on March 4. Trump also noted that he would add another 10% tariff on Chinese goods, on top of the initial 10% tariff he placed on the country in February.

“No room left for Mexico or Canada (to make a deal),” Trump told reporters at the White House. “The tariffs are all set. They go into effect tomorrow.

Trump said the neighboring countries had no chance for a last-minute deal that would...

Trade Tensions Ignite as Canada and China Hit Back at US Tariffs

Canada and China have announced retaliatory tariffs in response to new US tariffs that went into effect today, igniting trade tensions between the world’s largest economies. After a 30-day pause, the US administration imposed a broad 25% tariff on Canada and Mexico on March 4, Expana's Ryan Doyle reported.

One minute past midnight, the US administration imposed 25% tariffs on Canadian exports and 10% tariffs on Canadian energy. Prime Minister Justin Trudeau said the decision had “no justification” and emphasized Canada’s efforts to combat...

Trump’s Canada-Mexico Tariff Timeline Shifts Again, Hints at EU Trade War

US President Donald Trump announced that tariffs on Canada and Mexico will be delayed until April 2 during a televised press conference with his cabinet.

This comes just days after Trump said the tariffs would be implemented at the start of March as the President continues to oscillate on the tariff implementation date involving the country’s neighbors.

Amid Trump’s comment regarding the April 2 tariff start date, Commerce Secretary Howard Lutnick added that America’s neighbors had to satisfy the president’s demands regarding border security and fentanyl crossing into the US border, suggesting that some levies could be enacted next week.

“It’s going to be hard to satisfy,” Trump said following Lutnick’s explanation.

Trump: Canada, Mexico Tariffs 'Will Go Forward'; Reciprocal Tariffs On Schedule

President Donald Trump announced Monday that tariffs on Canada and Mexico will take effect next month, ending a monthlong delay set to expire next week. Speaking at a White House news conference alongside French President Emmanuel Macron, Trump emphasized that the tariffs were moving forward as planned.

“We’re on time with the tariffs, and it seems like that’s moving along very rapidly,” he said, according to the Associated Press.

He also reaffirmed that his reciprocal tariff plan remains on track to begin as early as April...

Trump Signs Memo to Advance Reciprocal Tariffs, Aims to Balance Trade

President Trump signed a memorandum that could lead to the implementation of reciprocal tariffs on the trading partners of the United States.

“The ‘Fair and Reciprocal Plan’ will seek to correct longstanding imbalances in international trade and ensure fairness across the board,” per a fact sheet from the White House. “Gone are the days of America being taken advantage of: this plan will put the American worker first, improve our competitiveness in every area of industry, reduce our trade deficit, and bolster our economic and national security...

Trudeau: Trump Will Pause Tariffs on Canada for 30 Days

As of Monday evening, US President Trump will postpone 25% tariffs on Canada, Reuters reported after Prime Minister Justin Trudeau wrote an X post about the matter.

After the day's second conversation with Trump, Trudeau wrote:

"I just had a good call with President Trump. Canada is implementing our $1.3 billion border plan — reinforcing the border with new choppers, technology and personnel, enhanced coordination with our American partners, and increased resources to stop the flow of fentanyl. Nearly 10,000 frontline personnel are and will be working on protecting..."

Trump to Lay Out Trade Vision but Won't Impose New Tariffs Yet

President-elect Donald Trump is planning to issue a broad memorandum Monday that directs federal agencies to study trade policies and evaluate U.S. trade relationships with China and America's continental neighbors -- but stops short of imposing new tariffs on his first day in office, as many trading partners feared.

The presidential memo directs federal agencies to investigate and remedy persistent trade deficits and address unfair trade and currency policies by other nations, two longstanding Trump irritants. And it singles out China, Canada and Mexico for scrutiny, directing agencies...

Foreign-Owned Agricultural Land in the US Increases

From 2022 to 2023, there was a 1.58-million-acre increase in foreign-held agricultural land, according to Farm Bureau. In the US, 45.85 million acres of agricultural land were held by foreign investors in 2023, representing 3.61% of total privately held agricultural land, according to the USDA’s Agricultural Foreign Investment Disclosure Act (AFIDA) report which shows an upward trend of land ownership by foreign entities across the nation. 

Since 2010, reports of foreign-held agricultural land have increased. This expansion is 21 million acres, or an area larger than South Carolina...

Olymel Unveils New Brand Image

Canadian poultry and pork company Olymel announced a major rebranding, marking another milestone in the company's evolution.

Transformation objective

The main objective is to highlight the quality of Olymel products, while making the brand more visible, contemporary and attractive.

"In changing our brand image, we wanted to further highlight the quality of our products, already recognized internationally for their excellence. It was essential that this new corporate image reflects both our commitment to quality and the

new direction we've taken, while respecting the essence of what makes us who we are...

Olymel to Close Quebec Processing Facility Focused on Poultry

Canadian meat processor Olymel announced last Friday the definitive closure of its Saint-Jean-Sur-Richelieu plant as of 19 July.

The plant had mainly processed poultry products, although it also made a small number of pork products.

“This decision comes against a backdrop of falling production volumes, which has led the plant to operate at only 40% of its operational capacity,” explained the company. “A reorganization of production within the Olymel family will enable operations to be redeployed to neighbouring plants with residual capacity to handle these volumes.”...

ANALYSIS: Turkey Exports Tonnage: Greater Than What Meets the Eye

The turkey export figures were quite a sight to behold throughout the month of February. At 36.4 million pounds, total outward tonnage rose on a year-over-year (YoY) basis for the ninth consecutive month in a row. The most recent data gave way to a notable 46% advance from 2023. This was enough to position February’s closing figure at the highest seasonal level observed since 2021.

Total export value also realized a 20% uptick from the previous year. Although month-over-month (MoM) volume retreated by 0.07%...