Tariff

US Ends Tariff Exemption for Small Packages Shipped Globally

The United States on Friday ended tariff exemptions on small packages entering the country from abroad, in a move that has sparked concern among small businesses and warnings of consumer price hikes. President Donald Trump's administration cited the use of low-value shipments to evade tariffs and smuggle drugs in ending duty-free treatment for ...

US Tariffs on Indian Goods Double to 50% Over Russian Oil Purchases

US tariffs of 50 percent took effect Wednesday on many Indian products, doubling an existing duty as President Donald Trump sought to punish New Delhi for buying Russian oil. Trump has raised pressure on India over the energy transactions, a key source of revenue for Moscow's war in Ukraine, as part of a campaign to end the conflict. The latest ...

Trump's Tariffs: What Has Changed and Who is Affected

A range of new tariffs due to take effect in one week were announced Thursday on most US trading partners, with separate sector specific duties -- on copper -- also being implemented. President Donald Trump unveiled an array of import levies that ranged as high as 41 percent on Syria and included a hike on Canadian imports from the current 25 ...

EU 'Locked and Loaded' to Conclude Trade Deal with US

The EU said Friday it was ready to strike a deal with Washington to avoid swingeing tariffs, after US President Donald Trump sowed doubt over reaching an accord. "We remain on our side fully locked and loaded to conclude an agreement with the US," EU trade spokesman Olof Gill told reporters. "Let's see what happens when our friends in Washington ...

Trump Says New Tariff Deadline 'Not 100 Percent Firm'

US President Donald Trump reignited his trade war by threatening more than a dozen countries with higher tariffs Monday -- but then said he may be flexible on his new August deadline to reach deals. Trump sent letters to trading partners, including key US allies Japan and South Korea, announcing that duties he had suspended in April would snap ...

Where Do Trade Talks Stand in the Rush to Avert Higher US Tariffs?

US President Donald Trump has said he will send letters to select trade partners facing tariff hikes as early as Monday, piling pressure on countries to strike a deal with Washington before a new August 1 deadline. The White House announced sharp levies on dozens of economies in April, citing a lack of "reciprocity" in trade relations, which were ...

Trump's Film Tariff Shocks Hollywood: 'Makes no Sense'

Hollywood reacted with skepticism on Monday to US President Donald Trump's announcement of 100 percent tariffs on foreign films, with movie insiders calling it a policy made up on the fly by a president who fails to understand how the industry works. "It makes no sense," entertainment lawyer Jonathan Handel said of Trump's idea. Handel told AFP ...