The Trump administration's 25% tariffs came into force on March 12, and apply to all steel and aluminum imported into the U.S.

The group agreed to cease its strike against ships in the region in January, but warned at the time that "any aggression" from other nations would lead to further attacks.

Ford and Lutnick are scheduled to meet again in Washington, D.C. on March 13, where they're expected to engage in discussions about renewing the USMCA.

U.S. ports handled just over 2.2 million twenty-foot-equivalent units in January, marking an increase of 4.4% from December, and 13.4% year-over-year.

The average price for a dozen eggs rose by 53% year-over-year in January 2025, with the USDA projecting another 20% bump by the end of the year.

This comes after President Donald Trump rolled out 10% levies on all products imported into the U.S. from China in February, before raising rates to 20% in early March.

Trump agreed to pause the levies for all goods included in the USMCA, which covers agricultural products, cars, textiles, alcohol and more. 

The highly concentrated egg market may also be contributing to the soaring consumer prices — and the spread of the virus, according to Food and Water Watch.

Already in 2025, we've seen the direct and indirect impacts of climate change on the price and availability of essential foods.

Trump reiterated his belief at a February 24 White House press conference that the U.S. has "been taken advantage" of by its two closest trade partners.