Navigating the Trump Tariff Turbulence: A Comprehensive Timeline

US President Donald Trump and his administration have paused reciprocal tariffs on most countries.

“Based on the lack of respect that China has shown... I am hereby raising the [tariff] charged to China by the [USA] to 125%, effective immediately,” wrote Trump on Truth Social at 1:18 pm ET. 

It’s not clear if this 125% is in addition to the 20% imposed on Chinese imports to the US. In early March, Trump noted that he would add another 10% tariff on Chinese goods...

The United States and Mexico Launch Review Process of the USMCA

Today, US Trade Representative Jamieson Greer and Mexican Secretary of Economy Marcelo Ebrard announced the first round of bilateral discussions in preparation for the Joint Review of the United States–Mexico–Canada Agreement (USMCA).

The ministers instructed negotiators to begin a scoping discussion on the necessary measures to ensure the benefits of the Agreement accrue primarily to the parties, including by reducing dependence on imports from outside the region, strengthening rules of origin, and enhancing the security of North American supply chains...

Wendy's to Build More Than 60 New Restaurants in Mexico

The Wendy's Company announced today the finalization of two new franchise agreements that will add more than 60 new Wendy's® restaurants in Mexico in the coming years. These commitments mark another significant milestone in advancing the brand's strategic priority to accelerate international net new unit growth and demonstrate that Wendy's is delivering on its stated plans for rapid expansion across Mexico.

MEXICO CITY REGION: Wendy's has entered into a franchise agreement with AJ Group to develop 50 new Wendy's restaurants in...

ANALYSIS: US Imports of Mexican Beef Slowdown in February

The US import market for Mexican beef showed a weaker tone in February, particularly across cuts, as volumes trended lower compared with the stronger pace seen in January. Participants described mostly hand-to-mouth coverage, with buyers securing nearby needs rather than extending forward positions. Early February shipments were still moderately above the same period last year, but movement eased as the month progressed. On a year-to-date (YTD) basis, imports continue to run slightly ahead of 2025, though the margin has narrowed, reflecting a more cautious environment...

ANALYSIS: New World Screwworm Activity and Regional Trends in Mexico 

According to the latest SENASICA epidemiological update, week 8 data shows a total of 740 active New World screwworm cases, including 442 in bovine livestock. The increase in overall detections reflects additional cases in non‑bovine species, while bovine cases remained stable compared with the previous reporting period.

Ag Coalition Highlights USMCA Strength in New Report, Sees Big US Economic Benefits

The Agricultural Coalition for USMCA has released a new report underscoring the pact’s importance to the US farm and seafood sectors. The analysis positions the USMCA as a stabilizing force for rural economies amid rising input costs and volatile markets, noting that exports to Canada and Mexico generated significant US economic activity in 2024.

The report found that agricultural and seafood exports to Canada and Mexico produced $149 billion in total US economic output in 2024, supporting about 493,000 full-time jobs and $36 billion...

Expana's Weekly Top 10: Key Market Drivers from Trade Developments to Seasonal Trends

From major trade developments and tariff shifts to supply chain warnings and seasonal demand trends, Expana’s top ten stories this week capture the forces shaping global commodity and trade markets. This roundup highlights the most impactful moves, from US trade diplomacy and USMCA advocacy to Valentine’s Day price dynamics. In no particular order:

10.Turkish glass company Sisecam has started commissioning its first European glass packaging facility in Kaposvár, Hungary, with the first furnace set to begin test production. The facility...

New Coalition Calls on Administration to Safeguard USMCA, Highlighting Ag and Seafood Stakes

The Agricultural Coalition for USMCA, backed by 40 farm and agricultural groups, launched today with a new website and an ad blitz in Washington DC as it pushes to defend and strengthen the United States-Mexico-Canada Agreement (USMCA) ahead of the Trump administration's July 2026 review.

The new coalition aims to highlight the USMCA's critical importance to the US farm economy and to call for its renewal with ag-targeted improvements.

“USMCA is one of President Trump’s...

ANALYSIS: Mexico Resets Beef Import Policy as Brazilian Volumes Reach Record Levels 

Brazilian beef imports into Mexico reached 117,486 metric tons in 2025, marking a record year for inflows and a clear step change in the country’s beef import dynamics. Shipments built steadily through the year and accelerated notably from the second quarter onward, as Mexican buyers leaned on competitively priced foreign supply to supplement domestic availability. Although volumes eased late in the year, the cumulative total far exceeded historical figures, confirming that 2025 represented an exceptional expansion phase for Brazilian beef participation...

ANALYSIS: Early December US Beef Imports from Mexico Higher

US beef imports from Mexico remained active into year end, even as Mexican export prices continued to move higher amid limited production availability, increased production costs, and ongoing protocols related to New World Screwworm controls. Despite the incremental price environment for Mexican material, import volumes remained firm as US buyers focused on maintaining product availability for year-end needs.

ANALYSIS: Mexican Beef Imports Strengthen on Year-End Demand 

The US market registered a notable increase in beef imports from Mexico during October and the first weeks of November, as buyers moved to secure year-end coverage. Fresh beef cuts reached 4,216 metric tons in the second week of November, the highest weekly volume in the past 52 weeks. Trimmings also posted a 52-week high at 462 metric tons, reflecting a similar uptick in activity. This recent strength contrasts with the softer tone seen in the spring, when limited availability in Mexico kept import volumes...

ANALYSIS: Brazil-Mexico Beef Imports Ease Ahead of PACIC Renewal  

Brazil’s beef exports to Mexico moved lower in October, as participants reported being adequately covered for both short- and medium-term needs, reducing the urgency for additional bookings. Some participants had maintained a more cautious stance while the industry awaited the decision on the PACIC renewal, which was finally confirmed this week. The announcement removed a point of uncertainty, although participants indicated that it is still too early to determine whether the extension will materially influence short-term import activity...

ANALYSIS: Mexican Ribeye Export Prices Firm on Year-End Demand

The Mexican export market for boneless ribeye continued to show firm upward momentum through late October, with current prices averaging around USD 7.15/lb, up roughly 1.5 USD/lb from year-ago levels. Demand has strengthened notably in recent weeks as buyers seek to secure product for November and December holiday programs. In addition, the weaker US dollar against the Mexican peso has exerted upward pressure on export quotations, supporting firmer tones across the segment as participants reported increased activity to cover end-of-year...

ANALYSIS: Mexican Beef Exports Surge Amid Higher Brazilian Supply

Mexico’s beef sector has entered October with export volumes to the US reaching their highest levels in nearly three years. Fresh beef shipments rose sharply during the first weeks of the month, marking a significant shift in trade behavior compared with the more moderate pace observed earlier in the year. This increase has coincided with a broader effort to manage inventories and balance the domestic supply chain amid stronger Brazilian imports to the Mexican domestic market, which have increased overall availability...

Tariff Talks 2025: Expana's Weekly Rundown #28

Expana’s global team of specialist reporters has been tracking every twist and turn in the fluid tariff situation.

Click to read: "Tariff Talks 2025: Expana's Weekly Rundown #28."

This report allows the Expana community to see where key commodity markets stand as of this past week... Click the above PDF report, or keep scrolling to read in plain text.

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On Tuesday in New York, US President Trump gave remarks to the United Nations General Assembly, via the White House live stream...

ANALYSIS: Argentina’s Beef Exports Rose 11.2% M-O-M in August to 70,854 mt

Argentina’s beef exports increase for the fifth consecutive month, up 11.2% month-over-month (M-O-M) to 70,854 metric tons (mt) in August, according to the latest data released by the National Institute of Statistics and Census. On a year-over-year (Y-O-Y) basis, this represents a slight 1.1% gain compared to the same period in 2024.

China remained by far the main destination for Argentina’s beef, representing 72.2% of total exports in August, reaching 51,177 mt. This is 12.1% higher than July’s figure and accounts for a marginal 0.7% increase Y-O-Y. On a year-to-date basis, China’s share of Argentina’s beef exports now stands at 69.9%, totaling...

New USDA Export Plan: Red Meat and Poultry Via Rail to Mexico; Screwworm Case Contained

As of September 18, a new, collaborative plan to export US red meat and poultry to the Mexican market via rail gained support from the USDA FSIS. 

"Through this innovative partnership, inspection personnel from Mexico’s National Service of Agri-Food, Health, Safety and Quality (SENASICA) will be inspecting at participating federally inspected establishments to reinspect and clear for export eligible US meat and poultry shipments at the point of origin. This process will eliminate the need for routine border inspections by Mexican officials..."

Tariff Talks 2025: Expana's Weekly Rundown #27

Expana’s global team of specialist reporters has been tracking every twist and turn in the fluid tariff situation.

Click to read: "Tariff Talks 2025: Expana's Weekly Rundown #27."

This report allows the Expana community to see where key commodity markets stand as of this past week... Click the above PDF report, or keep scrolling to read in plain text.

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US tariff revenue may be used to fund the nation’s farmers, reported Reuters about an interview between Agriculture Secretary Rollins and the Financial Times...

ANALYSIS: Mexican Export Suspension of Cattle Creates Challenges and Opportunities for Stakeholders

Mexican feeder cattle exports to the US have faced interruptions at various points since late 2024, primarily due to sanitary suspensions imposed by US authorities following the detection of screwworm outbreaks in cattle.

Although there was a partial reactivation at certain border crossings early in 2025, trade was again suspended in May. An attempt to resume in July lasted only a few days before a new suspension. From January to August 2025, just over 200,000 head were exported, compared to nearly 940,000 during...

Tariff Talks 2025: Expana's Weekly Rundown #26

Expana’s global team of specialist reporters has been tracking every twist and turn in the fluid tariff situation.

Click to read: "Tariff Talks 2025: Expana's Weekly Rundown #26."

This report allows the Expana community to see where key commodity markets stand as of this past week... Click the above PDF report, or keep scrolling to read in plain text.

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Despite 50% tariffs remaining on Brazil and India, the Indian Prime Minister Modi and US President Trump expressed positivity that the respective trade teams would reach a deal, according to their latest social media...

Tariff Talks 2025: Expana's Weekly Rundown #25

Expana’s global team of specialist reporters has been tracking every twist and turn in the fluid tariff situation.

Click to read "Tariff Talks 2025: Expana's Weekly Rundown #25."

This report allows the Expana community to see where key commodity markets stand as of this past week... Click the above PDF report, or keep scrolling to read in plain text.

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In the States, a federal appeals court ruled that US President Trump’s use of global tariffs exceeded presidential authority, but they remain active until at least October 14, 2025...

Tariff Talks 2025: Expana's Weekly Rundown #24

Expana’s global team of specialist reporters has been tracking every twist and turn in the fluid tariff situation.

Click to read "Tariff Talks 2025: Expana's Weekly Rundown #24."

This report allows the Expana community to see where key commodity markets stand as of this past week... Click the above PDF report, or keep scrolling to read in plain text.

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On August 22, Canadian Prime Minister Carney dropped most retaliatory tariffs on US products, beginning September 1, reported Expana in an article that suggested the move may help soothe trade relations...

Tariff Talks 2025: Expana's Weekly Rundown #23

Expana’s global team of specialist reporters has been tracking every twist and turn in the fluid tariff situation.

Click to read "Tariff Talks 2025: Expana's Weekly Rundown #23."

This report allows the Expana community to see where key commodity markets stand as of this past week... Click the above PDF report, or keep scrolling to read in plain text.

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This week, tariff news took a bit of a backseat to US President Trump’s dealings with Russian President Putin in Alaska—along with President Trump’s meeting with many European leaders...

Tariff Talks 2025: Expana's Weekly Rundown #22

Expana’s global team of specialist reporters has been tracking every twist and turn in the fluid tariff situation.

Click to read "Tariff Talks 2025: Expana's Weekly Rundown #22."

This report allows the Expana community to see where key commodity markets stand as of this past week... Click the above PDF report, or keep scrolling to read in plain text.

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The timeline for tariff negotiations between the US and China trade teams has been extended for another 90 days—moving the deadline to November 10, according to a White House fact sheet...

ANALYSIS: Mexican Beef Market Weakens as Brazilian Imports Surge

Brazilian beef imports into Mexico have surged significantly in 2025, particularly during June and July, marking a pivotal shift in the market landscape. Year-to-date, Mexico’s purchases from Brazil have increased by more than 300% compared to the same months in 2024, rising from 3,666 metric tons(mt) in June 2024 to 16,170 mt in June 2025, and from 4,907 mt in July 2024 to 15,580 mt in July 2025.

Mexico’s policy of not imposing import tariffs on Brazilian beef has fueled this growth...

Tariff Talks 2025: Expana's Weekly Rundown #21 

Expana’s global team of specialist reporters has been tracking every twist and turn in the fluid tariff situation.

Click to read: "Tariff Talks 2025: Expana's Weekly Rundown #21."

This report allows the Expana community to see where key commodity markets stand as of this past week... Click the above PDF report, or keep scrolling to read in plain text.

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On August 6, US President Trump issued an executive order that imposes a new 25% additional ad valorem tariff on imports from India into the States, effective 21 days after the White House announcement...

ANALYSIS: Tariff Concerns Driving Mexican Beef Cut Exports to the US

Mexican fresh beef cuts exports to the US have navigated fluctuating dynamics throughout 2025, with initial robust volumes giving way to moderated activity amid evolving demand patterns. Early in the year, shipments maintained steady momentum, building on the comparative stability observed in prior years, but faced different challenges as importer strategies shifted in response to market conditions. 

Exports experienced a notable decline from April through June 2025 compared to the volumes recorded in the first quarter of the year, reflecting reduced importer interest amid...

Tariff Talks 2025: Expana's Weekly Rundown #20

Expana’s global team of specialist reporters has been tracking every twist and turn in the fluid tariff situation.

Click to read: "Tariff Talks 2025: Expana's Weekly Rundown #20."

This report allows the Expana community to see where key commodity markets stand as of this past week... Click the above PDF report, or keep scrolling to read in plain text.

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As of July 27, the United States and the European Union reached a trade agreement: The US will charge a 15% tariff on all imports across-the-board from the coalition of countries...

Tariff Talks 2025: Expana's Weekly Rundown #19 

Expana’s global team of specialist reporters has been tracking every twist and turn in the fluid tariff situation.

Click to read "Tariff Talks 2025: Expana's Weekly Rundown #19."

This report allows the Expana community to see where key commodity markets stand as of this past week... Click the above PDF report, or keep scrolling to read in plain text.

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The New "Coke of America”? 

Call it bipartisan, call it good taste... US President Donald Trump’s latest truth may be exciting nostalgic beverage enthusiasts from left, to center, and right. The President is calling for cane sugar in US Coke cans and bottles going forward. 

“I have been speaking to Coca-Cola about using REAL Cane Sugar in Coke in the United States, and they have agreed to do so,” wrote Trump. “I’d like to thank all of those in authority at Coca-Cola. This will be a very good move by them — You’ll see. It’s just better!” 

Trump Announces 30% Tariffs on EU and Mexico as Trade Tensions Persist

President Donald Trump has expanded his administration’s tariff policy, targeting the European Union and Mexico with newly announced 30% tariffs on all products imported into the United States.

On July 11, Trump formally notified the leaders of both trading partners about the new rates via letters.

In response, the European Union announced yesterday that it will extend its suspension of retaliatory measures against U.S. tariffs until early August, signaling a willingness to continue negotiations with the Trump administration in hopes of reaching a new trade agreement...

USDA Responds to New NWS Case with Livestock Trade Restrictions

On Tuesday, reports emerged of a new case of New World Screwworm (NWS) in Ixhuatlán de Madero, Veracruz, Mexico. This detection is located approximately 160 miles north of the current sterile fly dispersal grid and about 370 miles south of the US–Mexico border.

Earlier cases were reported in Oaxaca and Veracruz in May, prompting the closure of US ports to Mexican cattle, bison, and horses. At the end of June, the USDA announced a phased reopening strategy to begin...

Tariff Talks 2025: Expana's Weekly Rundown #16

Expana’s global team of specialist reporters has been tracking every twist and turn in the fluid tariff situation.

Click to read "Tariff Talks 2025: Expana's Weekly Rundown #16."

This report allows the Expana community to see where key commodity markets stand as of this past week... Click the above PDF report, or keep scrolling to read in plain text...

ANALYSIS: Reviewing the Downward Trend in Mexican Shoulder Clod Prices

The Mexican domestic market for bone-in and boneless shoulder clod has experienced a downward price trend since mid-June 2025, primarily driven by a notable decline in demand. Bone-in shoulder clod has depreciated by approximately 4.6% from its levels at the beginning of June, while boneless shoulder clod has dropped by about 2.8%, following record-high prices in May fueled by reduced slaughter volumes. These elevated prices, which peaked earlier in the season, began to strain buyers, prompting consumers and intermediaries to shift toward alternative...

Tariff Talks 2025: Expana's Weekly Rundown #14

Expana’s global team of specialist reporters has been tracking every twist and turn in the fluid tariff situation.

Click to read "Tariff Talks 2025: Expana's Weekly Rundown #14."

This report allows the Expana community to see where key commodity markets stand as of this past week... Click the above PDF report, or keep scrolling to read in plain text...

Tariff Talks 2025: Expana's Weekly Rundown #13

Expana’s global team of specialist reporters has been tracking every twist and turn in the fluid tariff situation.

Click to read "Tariff Talks 2025: Expana's Weekly Rundown #13."

This report allows the Expana community to see where key commodity markets stand as of this past week... Click the above PDF report, or keep scrolling to read in plain text...

Mexico Relaxes Brazilian Poultry Ban, But Mauritania, Oman Expand It

Mexico, along with 46 other countries, initially banned all poultry imports from Brazil after the South American country confirmed its first outbreak of bird flu on a commercial farm on May 15. Mexico has now relaxed the countrywide ban to just exports from the state of Rio Grande do Sul, where the outbreak was detected.

In contrast, Mauritania has banned all imports of chicken meat from all of Brazil, and Oman from Rio Grande do Sul.

Brazil has been advocating for countries to limit the ban...

Tariff Talks 2025: Expana's Weekly Rundown #11

Expana’s global team of specialist reporters has been tracking every twist and turn in the fluid tariff situation.

Click to read "Tariff Talks 2025: Expana's Weekly Rundown #11."

This report allows the Expana community to see where key commodity markets stand as of this past week... Click the above PDF report, or keep scrolling to read in plain text...

Tariff Talks 2025: Expana's Weekly Rundown #8

Expana’s global team of specialist reporters has been tracking every twist and turn in the fluid tariff situation.

Click to read "Tariff Talks 2025: Expana's Weekly Rundown #8."

This report allows the Expana community to see where key commodity markets stand as of this past week... Click the above PDF report, or keep scrolling to read in plain text...

Tariff Talks 2025: Expana's Weekly Rundown #7

Expana’s global team of specialist reporters has been tracking every twist and turn in the fluid tariff situation.

Click to read "Tariff Talks 2025: Expana's Weekly Rundown #7."

This report allows the Expana community to see where key commodity markets stand as of this past week... Click the above PDF report, or keep scrolling to read in plain text...

Tariff Talks 2025: Expana's Weekly Rundown #6

Expana’s global team of specialist reporters has been tracking every twist and turn in the fluid tariff situation.

Click to read "Tariff Talks 2025: Expana's Weekly Rundown #6."

This report allows the Expana community to see where key commodity markets stand as of this past week... Click the above PDF report, or keep scrolling to read in plain text...

Tariff Talks 2025: Expana's Weekly Rundown #5

Expana’s global team of specialist reporters has been tracking every twist and turn in the fluid tariff situation.

Click to read "Tariff Talks 2025: Expana's Weekly Rundown #5."

This report allows the Expana community to see where key commodity markets stand as of this past week... Click the above PDF report, or keep scrolling to read in plain text...

Tariff Talks 2025: Expana's Weekly Rundown #4

Expana’s global team of specialist reporters has been tracking every twist and turn in the fluid tariff situation.

Click to read "Tariff Talks 2025: Expana's Weekly Rundown #4."

This report allows the Expana community to see where key commodity markets stand as of this past week... Click the above PDF report, or keep scrolling to read in plain text...