The White House said the higher tariffs, ranging from 10% to 41%, will take effect in seven days for 69 countries. Mexico received a 90‑day extension after securing a temporary deal to maintain its existing 25% rate.
China and the US have agreed to extend the pause on 24% reciprocal tariffs after two days of trade talks in Sweden, Chinese trade official Li Chenggang announced Tuesday.
The United States and Japan reached a major trade deal to cut auto tariffs to 15% and unlock $550 billion in Japanese investment, averting new levies ahead of the 1 August deadline set by President Donald Trump
Ethiopia is altering its coffee export strategy after a 10% U.S. tariff disrupted a key revenue source for the country’s economy.
On Monday, Wall Street stocks closed with modest gains as investors largely shrugged off U.S. President Donald Trump’s latest tariff threats, focusing instead on an eventful week ahead with key economic reports and the start of earnings season.
Italy’s foreign minister said the EU is ready to hit back with €21 billion ($24.5 billion) in tariffs unless a deal is struck with the U.S., warning that President Donald Trump’s 1 August tariff move could harm both economies and derail ongoing trade talks.
China’s exports are expected to have grown 5% in June as manufacturers hurried goods abroad ahead of a 12 August deadline that could see the U.S. restore punitive tariffs, a Reuters survey of economists indicates.
U.S. President Donald Trump has threatened a 10% tariff on all BRICS member countries, claiming the bloc was "set up to hurt" the United States by undermining the dollar.
U.S. President Donald Trump on Monday announced that the United States will impose a 25% tariff on goods imported from Kazakhstan, starting on 1st August. The letter addressed to Kazakhstan's President Kassym-Jomart Tokayev was published on the Truth Social platform.
U.S. President Donald Trump has signed an executive order pushing back the implementation date for his proposed “reciprocal” tariffs to 1 August, according to The White House.
With looming US tariff hikes on steel, the UK is pushing for a swift implementation of a trade deal meant to protect £400mn in exports and safeguard industry jobs.
Japan and the U.S. are facing tough trade talks as Tokyo resists quick concessions under tariff pressure from President Trump, preferring a balanced deal over a rushed agreement ahead of elections and amid broader tensions with China.
Hungarian Prime Minister Viktor Orban faces political challenges as U.S. tariffs threaten Hungary's economy. With opposition parties gaining momentum ahead of the 2024 elections, critics argue for a Europe-focused approach, criticizing Orban’s ties with Trump and his economic handling.
The IMF has lowered global and U.S. economic growth forecasts, citing Trump-era tariffs and rising uncertainty. Global growth is expected at 2.8% this year, while U.S. growth may slow to 1.8%, with heightened recession and inflation risks.
As trade tensions with the United States reach new heights, China has issued a firm rebuke to the Trump administration’s proposed tariffs of up to 245% on Chinese imports, dismissing the measures as a “tariff numbers game” and vowing not to yield to external pressure.
Asian markets edged higher on Tuesday, lifted by gains in auto stocks after US President Donald Trump suggested he might ease tariffs on vehicles.
Chinese President Xi Jinping urged EU unity against tariff "bullying" during Spanish PM Sanchez’s visit, calling for deeper China-EU ties to defend globalization and economic stability amid escalating trade tensions with the U.S.
U.S. President Donald Trump will impose an additional 84% tariff on all Chinese imports starting Wednesday, raising the total tariff rate to at least 104%, according to White House Press Secretary Karoline Leavitt.
In response to the recent imposition of substantial U.S tariffs on Chinese imports, several American companies are actively relocating their manufacturing operations to mitigate financial risks and maintain competitive pricing.
A global trade war, sparked by U.S. President Donald Trump, intensified earlier this month after he announced sweeping tariffs on most U.S. imports, stoking fears of a recession, sending jitters across global financial markets and drawing condemnation from leaders around the world.
President Trump’s new tariffs hit 185 countries, with Kazakhstan facing the highest rate at 27%. Kazakhstan now seeks talks with U.S. officials to ease the impact.
Trump's new tariffs on U.S. imports have prompted strong reactions from key trade partners, with fears of economic disruption and inflation growing as tensions rise globally.
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