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The economy ministry conducted consultations with 30 sector roundtables, spanning metals, agriculture, construction, carmaking and tourism. It sent more than 500 surveys to companies, chambers and industry groups.

Disruptions to crude oil supplies wrought by the Middle East conflict are boosting the appeal of crop-based biofuels, lifting demand for vegetable oils and corn.

Canal revenue increased 8%-10% in the first five months of its fiscal year 2026, which started in October, compared to the same period a year earlier. The canal saw a record $5.7 billion in FY 2025. 

The automaker will begin selling two U.S.-built cars — the Acura Integra Type S and the Honda Passport TrailSport Elite — in Japan in the second half of this year, it said March 5.

Bessent noted the authority for the new duties allows for the measure to last 150 days. During that time, he said authorities will be looking at using other legislation to resurrect the tariff regime.

Dominic LeBlanc told a business audience in Toronto that he will meet with U.S. Trade Representative Jamieson Greer late next week in Washington ahead of the mandatory review of the USMCA in July.

CEO Noel Hacegaba told reporters that the Port of Long Beach was the most active port in the U.S. last month, beating its Southern California neighbor, the Port of Los Angeles.

Trump’s new policy will increase duties above the maximum allowed level on European exports including cheese, butter, some agricultural products, and several plastics, textiles and chemicals.

The main political groups in the European Parliament say they’ll suspend legislative work on approving the trade deal on Feb. 23, days after the U.S. Supreme Court struck down reciprocal tariffs.

The Supreme Court's Feb. 20 decision struck down tariffs Trump had imposed on nearly every country using an emergency powers law. Trump now said he'll use a different legal authority.