Final Thoughts
May 30, 2025
Written by Greg Wittbecker
A federal court on May 28 struck down many of the tariffs President Trump imposed.
The judgment from the Court of International Trade rules the tariffs Trump imposed on April 2 on most countries are illegal. The ruling also struck down separate tariffs Trump imposed on China, Canada, and Mexico, which the administration justified as a reaction to fentanyl trafficking.
The shipment was part of an offtake agreement between private investment group Heeney Capital, Mercuria Energy Group and the Venezuelan government.
Stellantis’ Etobicoke Casting Plant faces uncertain production commitments and potential operational disruption as Unifor prepares strike authorization votes.
Commercial vehicle orders have surged in 2026, but policy-driven timing may be making the market look stronger than current production and supplier sales.
The Midwest premium could slip if Canada reroutes primary back to the US. But the balance in supply would still be coming from other countries, likely the Persian Gulf.
Canada and the EU. Russian sanctions. China talks.
