This latest executive order on imports from China follows other recent U.S. restrictions on the imports of drones, humanoid robots and other tech products.

Nintendo has declined to confirm it has received a full refund, and is resisting calls to pass the money back to consumers.

Both U.S. and Iranian officials have been signaling in recent days that some kind of accord on Hormuz is close.

The investment emphasizes the importance of the Interoceanic Corridor of the Isthmus of Tehuantepec. 

The $100 billion that's been refunded so far makes up 60% of the $165 billion collected from President Donald Trump's "Liberation Day" levies.

China banned six U.S. firms from trading with Chinese companies, and added new review requirements for exports of unmanned aerial vehicles.

The prospect of Iran imposing transit fees in Hormuz has focused attention on the fragility of global supply chains.

The move would give the shipping and insurance industries some much-needed third-party assurance that the strait is safe after more than five months of military conflict.

Negotiations between the two countries have not involved the U.S., as the ongoing standoff between Iran and the Trump administration has intensified.

Trump is rebuilding a tariff wall that was struck down in February 2026, when the Supreme Court ruled levies issued under the International Emergency Economic Powers Act were illegal.