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...

ANALYSIS: UK Cattle Supply Expected to Tighten by 2026

UK cattle supplies are expected to decline further in 2026, influenced by the reduced calf registrations observed in 2024 and 2025. Producer confidence remains mixed due to uncertainties about the industry’s future, impacted by policy changes such as farm payment reforms and potential inheritance tax adjustments. These factors might accelerate culling activities if producers decide to downsize or exit production, potentially affecting prime cattle availability at the beginning of 2026.

Expanding the beef herd requires time to cycle through production, suggesting that supply recovery in 2026 may be limited. Market analysts caution...

Tanzania Cashew Auction Postponed Again to Saturday, Nov. 8, Due to Internet Problems

The Cashew Board of Tanzania opened auctions on Friday, Nov. 7, but connection issues made trading impossible. The auctions were postponed again to Saturday, Nov. 8, the Cashew Board of Tanzania announced Friday evening.

“The postponement is due to TMX network connection problem. Network administrators are working hard to resolve the matter,” the Cashew Board of Tanzania said.

The board issued a new schedule for the following week, but noted that “the auction schedule will revert to normal from Friday on 14th November 2025 onwards...

Wendy's Sees Strong International Growth Amid US Market Challenges in Q3

Hot off the grill, Wendy's released financial results from its third quarter of its fiscal year, showcasing a strong international performance despite challenges in the US market.

Interim CEO Ken Cook highlighted an 8.6% growth in systemwide sales internationally, bolstered by the addition of 54 new restaurants globally and improved adjusted EBITDA.

"Third quarter results were in line with our expectations, reflecting continued strength in our international business," Cook stated. In the U.S., operational initiatives led to a 4% outperformance in comparable sales at Company-operated...

ANALYSIS: Uruguay’s October Beef Exports Fall 3.2% MOM to 30,506 MT, Up 8.1% YOY

The latest data released by Uruguay’s National Customs Directorate indicates that fresh beef (chilled and frozen) exports fell for the third consecutive month, down another 3.2% month-over-month (MOM) to 30,506 metric tons (MT) in October 2025. This represents an 8.1% increase from the same period last year.
China remained the main destination, but its share of total shipments shrank MOM from 45.6% last month to 42.2%, now totaling 12,887 mt. This figure is 10.3% lower in comparison to September but still reflects a 15.5% growth year-over-year (YOY)...

Starbucks Divests Majority of China Operations to Boyu Capital

On November 3, Starbucks sold up to 60% of the company’s retail operations in China to investment firm Boyu Capital, according to a financial release from the global coffee chain which values their Chinese business to exceed $13 billion. 

“Under the agreement, Boyu and Starbucks will operate a joint venture with Boyu holding a up to 60% interest in Starbucks retail operations in China,” read the release...

PODCAST: Agri-Food for Thought Ep. 35 - Discussing Evolution of Procurement, Feat. Janet Standing

Expana presents Agri-Food for Thought, the podcast series for agriculture and food professionals.

Today we discuss the role of procurement, and how procurement decisions turn market insight into business advantage.

This is a complex issue, a lot more than one may think. Procurement professionals operate in a high-pressure environment characterized by aggressive goals, tight deadlines, and complex supply chains. But there are ways to stay ahead of the game. 

On today's episode, we welcome Janet Lung Standing.

ANALYSIS: EU Pork Market Faces Bearish Trends and Price Declines in October

Eu pork prices continued to decrease throughout October, marking the fourth consecutive price decrease in a row. For reference, the Expana Bench Market Price for EU Pig deadweight grade S EXW EU (BW56) was last assessed at €1.72 /kg on October 28. This reflects prices decrease from 7.5% compared to the previous month and a decrease of 19.2% (€0.41/kg) compared to this year’s price peak of €2.13/kg report on July 1st.

Domestic demand across the EU has...

Sysco Posts Mixed Q1 Results, Reiterates Full-Year Guidance

Today, Sysco Corp. posted mixed results in the first quarter of fiscal 2026. Its report showed an increase in sales while several GAAP profitability measures slipped and adjusted results improved.

For the 13 weeks ended Sept. 27, 2025, sales increased 3.2% to $21.1 billion. Gross profit rose 3.9% to $3.9 billion and gross margin widened 13 basis points to 18.5%. Sysco said product cost inflation was about 3.4%, driven largely by meat and seafood.

GAAP operating income fell 1.0% to $800 million, while adjusted operating...

Tariff Talks 2025: Expana’s Weekly Rundown #32

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 #32."

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, the US administration has continued to pressure trading partners like India to curb imports of Russian oil as to sanction the country during its war with Ukraine, cited Expana...

Tariff Talks 2025: Expana’s Weekly Rundown #30

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 #30."

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 October 7, US President Trump and Canadian Prime Minister Carney met in the White House. The possibility a US-Canadian trade deal was a main topic of discussion...

Tariff Talks 2025: Expana's Weekly Rundown #29

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 #29."

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 September 29, the US placed 50% tariffs on imports of timber, lumber, and their derivative products, according to the US Presidential Action. 

Also starting October 1, the US will be imposing 100%...

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.

...

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

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...

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.

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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.

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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...

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...

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.

...

Tariff Talks 2025: Expana's Weekly Rundown #17

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 #17."

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...

This week, reciprocal tariffs were re-announced in the form of letters from the US Trump administration to trading partners who could not reach a trade deal within the previously granted 90-day pause...

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...

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...

Tariff Talks 2025: Expana's Weekly Rundown #12

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 #12."

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 #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 #10

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 #10."

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 #9

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 #9."

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...

Tariff Talks 2025: Expana's Weekly Rundown #3

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 #3."

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...