President Donald Trump announced on Saturday that the United States will raise a temporary global import tariff from 10% to 15%, marking the highest level currently permitted under federal law. The decision follows a landmark ruling by the U.S. Supreme Court that struck down Trump’s earlier tariff program, saying it exceeded presidential authority. The move … Read more
NEW YORK, Aug 29 – A divided U.S. appeals court has struck down most of the tariffs imposed under the President Trump, ruling by a 7-4 vote that the measures exceed the legal authority granted to the executive branch. The decision represents a major blow to one of Trump’s most prominent economic and foreign policy tools, … Read more
Washington, D.C., Aug 26 – President Donald Trump has imposed a sweeping 50% tariff on most goods imported from India, citing New Delhi’s continued purchases of discounted Russian oil. The decision, which took effect just after midnight on Wednesday, marks one of the toughest trade measures against a key U.S. ally and has already triggered … Read more
NEW DELHI/WASHINGTON, Aug 6 – U.S. President Donald Trump has announced an executive order imposing an additional 25% tariff on Indian imports, specifically in response to India’s continued purchase of oil from Russia. This latest hike will bring the total tariff on Indian goods entering the United States to a steep 50%, one of the … Read more
WASHINGTON, Aug 1 – A new round of steep tariffs announced by U.S. President Donald Trump has sent shockwaves across international markets, prompting immediate reactions from impacted countries and a widespread drop in global stock indices. The aggressive trade move targets dozens of countries including Canada, Brazil, India, and Taiwan, and marks a significant escalation … Read more
TOKYO/WASHINGTON, July 22 – U.S. President Donald Trump has finalized a wide-reaching trade agreement with Japan, slashing tariffs on automobile imports and averting additional duties on other Japanese goods. The agreement includes a staggering $550 billion investment package from Japan, aimed at bolstering the U.S. economy and reinforcing economic cooperation between the two countries. Announced … Read more
WASHINGTON, July 15 – President Donald Trump on Tuesday announced the implementation of a 19% tariff on imports from Indonesia. The measure is part of a broader strategy to recalibrate trade relationships with several countries, particularly those contributing to the persistent U.S. trade deficit. Alongside this announcement, Trump hinted at additional agreements in the pipeline … Read more
BEIJING, July 14 – China’s exporters accelerated shipments in June, aiming to get ahead of the upcoming U.S. tariff hikes set to take effect in August.. As the window to take advantage of a temporary tariff truce narrows, manufacturers are racing to get goods across the Pacific and to nearby markets, especially in Southeast Asia, … Read more
MEXICO CITY/WASHINGTON, July 12 – President Donald Trump has announced a new round of tariff threats targeting imports from both Mexico and the European Union. The proposed tariffs, set at 30%, are scheduled to take effect on August 1. This decision comes after extended negotiations failed to deliver comprehensive trade agreements with these long-standing partners. … Read more
BRUSSELS, May 26 — Recent developments in U.S-EU trade relations signal renewed hope for progress, as a weekend phone conversation between U.S. President Donald Trump and European Commission President Ursula von der Leyen revived negotiations that had been teetering on the edge of breakdown. The exchange, initiated by von der Leyen, led to the withdrawal … Read more