Trump’s Tariff Shock Triggers Global Trade War Concerns

U.S. President Donald Trump signs an executive order on tariffs, in the Rose Garden at the White House in Washington, D.C., U.S., April 2, 2025.

Washington/Beijing/Brussels, April 3 – The global economy was thrown into turmoil following President Donald Trump’s sweeping decision to impose tariffs on U.S. imports. The move has sparked intense reactions from major economies, with threats of retaliation mounting as businesses and governments scramble to assess the financial impact. On Wednesday, Trump announced a 10% baseline tariff … Read more

Trump Unleashes New Tariffs on ‘Liberation Day’ – Here’s What’s Changing

US President Donald Trump holds a signed executive order after delivering remarks on reciprocal tariffs during an event in the Rose Garden entitled "Make America Wealthy Again" at the White House in Washington, DC, on April 2, 2025.

April 2 – President Donald Trump unveiled a sweeping tariff package on Wednesday, introducing reciprocal tariffs against more than 180 countries. The announcement, made from the White House Rose Garden, marks one of the most significant trade measures in decades. Trump described the tariffs as “kind” but emphasized that they still do not fully match … Read more

Trump Imposes 25% Auto Tariffs, Sparking Global Backlash

Trump auto tariffs: President slaps 25% duties on car imports to US

WASHINGTON/TOKYO/BERLIN, March 27 – The latest decision by U.S. President Donald Trump to impose a 25% tariff on imported vehicles has triggered strong reactions from global leaders, intensifying tensions in an already fragile international trade environment. The move, set to take effect on April 3, is aimed at addressing the widening U.S. trade deficit, but … Read more

Trump Says If Any Country Buying Venezuelan Oil, It Will Face a 25% Tariff

Trump says any country buying Venezuelan oil will face a 25% tariff

WASHINGTON/HOUSTON, March 24 – President Donald Trump has declared a new trade policy targeting Venezuela, stating that any country purchasing oil or gas from the South American nation will face a 25% tariff when engaging in trade with the United States. The announcement, made on Monday via Truth Social, is part of Trump’s broader strategy … Read more

Mexico Secures Crucial Tariff Exemption While Canada Left Waiting

Mexico wins one-month tariff exemption

Washington/Mexico City/Ottawa, March 6 – The United States has decided to grant Mexico a temporary exemption from the 25% tariffs that President Donald Trump imposed earlier this week. This exemption, which will last for one month, applies to goods covered under the United States-Mexico-Canada Agreement (USMCA). However, no similar relief has been announced for Canada … Read more

Trump’s Tariffs Ignite Trade War, Triggering Price Hikes and Market Turmoil

A poll of 1,500 businesses found 39% are increasing prices in anticipation of higher tariffs

WASHINGTON, March 4 – The United States has officially launched a new wave of tariffs targeting its three largest trading partners—Canada, Mexico, and China—sparking global economic tensions and concerns over inflation. The newly imposed 25% tariffs on imports from Canada and Mexico, along with a sharp increase in tariffs on Chinese goods to 20%, came … Read more

Trump to Announce 25% Steel and Aluminum Tariffs in Latest Trade Dispute

President Donald Trump

ABOARD AIR FORCE ONE, Feb. 9 – President Donald Trump has announced his decision to impose additional 25% tariffs on all steel and aluminum imports entering the United States. This move, which builds upon prior metal duties, marks another significant shift in his administration’s approach to trade policies. Speaking to reporters aboard Air Force One … Read more

China Responds with Limited Tariffs After Trump’s Sweeping Trade Measures

WASHINGTON/BEIJING, Feb 4 – In response to newly imposed U.S. trade tariffs, China implemented selective duties on American imports on Tuesday while also signaling potential sanctions against several major companies, including Google. This measured reaction comes as President Donald Trump introduced extensive levies on Chinese goods. Despite the escalating tensions, market sentiment saw a boost … Read more

Trump to Discuss Tariffs with Canadian and Mexican Leaders as Mexico Prepares ‘Plan B’ Response

President Donald Trump

FEBRUARY 3 – U.S. President Donald Trump is set to engage in critical talks with Mexican President Claudia Sheinbaum and Canadian Prime Minister Justin Trudeau regarding his plans to impose significant tariffs on goods from both countries. The discussions come at a time when Mexico is preparing its own “Plan B” in response to the … Read more

Trump Announces Significant New Tariffs on Mexico, Canada, and China, Sparking Retaliatory Actions

President Donald Trump

WASHINGTON, Feb 1 – President Donald Trump has signed an executive order implementing significant new tariffs on Mexico, Canada, and China. Announced at his Mar-a-Lago club on Saturday, the tariffs are intended to curb the influx of illegal drugs and undocumented immigrants into the United States. However, they also threaten to increase consumer prices on … Read more