Weekly Tariff & Trade Update | Key Moves This Week (Jan 24–30)

Trade enforcement & executive authority continue to reshape tariff risk

Here’s what moved this week and why it matters:

→ US + South Korea | Trade Deal Paused
Proposed tariff increases tied to delayed legislative ratification, expanding exposure across autos, lumber, pharma, and other covered goods.

→ US Supreme Court | IEEPA Ruling Pending
No ruling yet on the legality of tariffs imposed under IEEPA. Existing tariffs remain in force as the Court recesses, with the next decision window expected February 20.

→ India + EU | Trade Agreement Reached
A major trade agreement was finalized, reducing tariffs on nearly all goods on both sides and materially improving long-term market access.

→ US + Canada | Potential Aircraft Tariffs
Potential 50% tariff risk on Canadian-made aircraft tied to an unresolved certification dispute, creating uncertainty for aerospace trade flows.

→ US + Cuba | Executive Order Expands Tariff Authority
New authority allows additional tariffs on imports from countries that directly or indirectly supply oil to Cuba, subject to formal agency findings.

Why this matters
Tariff exposure is increasingly shaped by enforcement actions, legal authority, and executive tools, often moving faster than sourcing, pricing, and contracts can adapt.