Tariffs

Trump Signs Order Extending China Tariff Truce by 90 Days

US President Donald Trump reportedly signed an order delaying the reimposition of higher tariffs on Chinese goods on Monday, hours before a trade truce between Washington and Beijing was due to expire. The halt on steeper tariffs will be in place for another 90 days, the Wall Street Journal and CNBC reported, citing Trump administration ...

Trump Says Gold Will Not Face Tariffs after Customs Confusion

US President Donald Trump said Monday that gold imports will not face additional tariffs, days after confusion flared on whether recent hikes applied to certain gold bars, threatening to upend global trade of the precious metal. Trump's comments came after US customs authorities made public a letter saying that gold bars at two standard weights, ...

Putin Meets India's Security Chief Amid US Tariffs Row

Russian President Vladimir Putin met India's national security advisor on Thursday, a day after Washington hiked tariffs on New Dehli over its purchases of Moscow's oil. US President Donald Trump imposed the additional 25 percent tariff on Indian goods, coming into place in three weeks, as part of a campaign to pressure Russia into ending its ...

Higher US Tariffs Kick in for Dozens of Trading Partners

The United States began charging higher tariffs on dozens of trading partners Thursday, in a major escalation of President Donald Trump's drive to reshape global commerce in America's favor. Shortly before the new levies kicked in, the United States separately announced it would double tariffs on India to 50 percent and hit many semiconductor ...

Deal or Tariffs? The World Under Trump’s Trade Rule

On August 7, the Trump administration is touting a major win: its vision for global trade has taken root, driven by tweets, tariff threats, and real-world results. Under the “America First” banner, a new wave of trade agreements is redrawing the commercial map between the US and the rest of the world. From compliant partners to the Trump Tower ...

Trump Says to Raise Tariff on India over Russia Oil Purchases

President Donald Trump threatened Monday to hike US tariffs on goods from India over its purchases of Russian oil, a key source of revenue for Moscow's war on Ukraine. New Delhi quickly pushed back, saying the move was unjustified and vowing to protect its interests. Trump's heightened pressure on India comes after he signaled fresh ...

Trump’s Tariffs: Protection or Risky Bet for the US Economy?

Tariffs have once again taken center stage in American trade policy. On Thursday, the White House announced a major overhaul of customs duties, marking a new chapter in President Donald Trump’s protectionist agenda. In an official statement, the White House emphasized that these measures aim to “protect American workers” and to “secure ...

Trump Orders Tariffs on Dozens of Countries in Push To Reshape Global Trade

President Donald Trump unveiled new tariffs Thursday on nearly 70 countries -- including a blistering 35 percent on neighbor Canada -- as he seeks to reshape global trade to benefit the US economy. However, in a minor reprieve that opens the door to further negotiations, the White House said the measures will take effect in a week for most ...

European Union Resigned to 15 Percent US Tariff

The United States and the European Union clinched a trade agreement on Sunday that will see EU exports taxed at 15 percent, in a bid to resolve a transatlantic tariff stand-off that threatened to explode into a full-blown trade war. US President Donald Trump emerged from a high-stakes meeting with European Commission President Ursula von der ...

EU Prepares 93 Billion Euros in Tariffs as US Trade Talks Hang in Balance

EU states on Thursday approved a 93-billion-euro ($109-billion) package of counter-tariffs on US goods that would kick in from August 7 if talks with the United States fail, European diplomats said. US President Donald Trump blind sided the European Union this month when he threatened a 30-percent levy on EU goods unless the two sides reach a ...

Trump's First Five Trade Deals

Japan and the Philippines bring to five the number of countries that have concluded trade deals with the United States ahead of an August 1 deadline set by President Donald Trump to avoid punitive tariff rates. The agreed levies are often higher than the new base rate of 10 percent that the United States has applied to most countries since April ...

Trump Secures "Massive" Trade Deal with Japan as Deadline Looms for Global Tariff Threats

Donald Trump announced Tuesday a "massive" trade deal with Japan, marking a key breakthrough for major US trade partners as they scramble to strike agreements before the end of the month. In an attempt to slash his country's colossal trade deficit, the US president has vowed to hit dozens of countries with punitive "reciprocal" tariffs if they do ...