LETTER FROM THE DIRECTOR
Happy May and Happy World Trade Month! May marks a time to celebrate the dynamic world of international trade. It’s an opportunity to recognize the vital role of importing and exporting in our economy and to look ahead at the future of global commerce. Throughout the month, be sure to follow us on LinkedIn for fun and informative posts and check out upcoming events hosted by WTC-KC and our partners to see how you can take part in the World Trade Month festivities!
Our next Talking Trade Coffee and Networking installment will be on May 7 from 8:30 AM – 10:00 AM at the Riverside Chamber of Commerce. This will be a great opportunity to connect with fellow professionals and gain valuable insights from leaders in international trade. There is no deadline to register, however, space is limited. Don’t miss out, Learn more and register here!
Later that day, join us for the 2025 KC World Trade Day at Johnson County Community College. Hosted by the KC International Steering Committee, this event will feature a panel of industry experts who will delve into the complexities of international commerce and share the key insights you need to stay ahead of the turbulent waters of global trade. Happy Hour Networking at Talk of the Town will immediately follow. Learn more and register here!
Thank you for your continued engagement with WTC-KC. We look forward to bringing you more updates next month. For any trade-related inquiries, please contact us.
EVENTS
Talking Trade at Riverside Chamber of Commerce
World Trade Center – Kansas City
May 7, 2025
Register Here
World Trade Day 2025
International Steering Committee
May 7, 2025
Register Here
2025 Heartland Pop-Up
Global Ties KC
May 8, 2025
Register Here
Cybersecurity & Fraud: Protect Your Business from Emerging Trends
Commerce Bank
May 14, 2025
Register Here
Setting Up Business in the Netherlands
World Trade Center – Twente
May 20, 2025
Register Here
Ocean Market Update
NYSHEX
May 21, 2025
Register Here
Access Korea’s Consumer Goods Market with the “Rocket Pitch” Program
International Trade Administration
May 21-22, 2025
Register Here
World Trade Center Association: North American Regional Conference
World Trade Center – Kansas City
June 1-3, 2025
Save the Date
Dragon Boat Festival
The Society for Friendship with China, INC.
June 21, 2025
Register Here
NAFTZ Annual Conference & Exposition 2025
National Association of Foreign Trade Zone
September 14, 2025
Register Here
Advanced Manufacturing Business Development Mission to Turkiye and Poland
International Trade Administration
September 21 – 26, 2025
Register Here
Trade Mission to Rwanda 2025
World Trade Center – St. Louis
October 25, 2025
Register Here
DISPATCHES FROM DC
U.S.-China Trade Tensions Intensify Amid New Tariff Hikes
Tensions between the U.S. and China continue to escalate following the Trump administration’s announcement last month to pause import tariffs on select countries while sharply increasing tariffs on Chinese goods to 145%. In response, China announced it would raise tariffs on U.S. imports from 84% to 125%. In a statement, a spokesperson from China’s Ministry of Finance warned, “If the U.S. insists on continuing to substantially infringe on China’s interests, China will resolutely counter and fight to the end” (The Associated Press).
China remains one of the United States’ largest trading partners. In the most recent data, the U.S. imported $438 billion worth of goods from China and exported $144 billion in return (The People’s Republic of China | United States Trade Representative). Key U.S. exports to China include mineral fuels and oil, grains and seeds, electrical machinery, aircraft parts, and pharmaceuticals. Meanwhile, imports from China largely consist of mobile phones, computers, nuclear reactor components, toys, sporting goods, and clothing (The Associated Press).
As China strengthens its trade alliances with countries such as those in the European Union, India, and Australia, President Trump has attempted to reassure the American public, urging citizens to “be cool,” and insisting that the long-term outcome will benefit the U.S. (Yahoo Finance). The administration is also preparing to implement a new tariff specifically targeting electronics imported from China. In a recent Truth Social post, President Trump stated, “Nobody is getting off the hook.”
WHAT WE'RE LISTENING TO
Emergency Trade Guys: Tariff Whiplash and Chinese Decoupling
The Trade Guys
Listen Here
[TIPS] Leveraging Networking in Trade with Chiuchiarelli and Parks
Simply Trade
Listen Here
RESOURCES
The Evolving Threat of Cargo Theft: 5 Key Mitigation Strategies
Aon
Read Here
GRI Update for May 1, 2025
Scarbrough Global
Read Here
Trump, Immigration, and Erosion of Due Process
On with Kara Swisher
Listen Here