Canada’s forestry heartland is fuming after the U.S. announced fresh tariffs on lumber that are now higher than those imposed on Russia — a country under Western sanctions for its war in Ukraine.
South Korea's top trade envoy, Yeo Han-koo, is heading to the United States on Monday for follow-up tariff negotiations, the trade ministry said, as the countries struggle to overcome obstacles to finalise a trade deal agreed in July.
India will reduce taxes on hundreds of consumer goods, including air conditioners and small cars, to boost local demand amid steep U.S. tariffs, the government announced Wednesday.
Brazilian President Luiz Inácio Lula da Silva said on Friday that his government is considering reciprocal tariffs on U.S. goods after Washington imposed a 50% duty on Brazilian imports earlier this month.
Indonesia is redirecting shrimp exports to China after new U.S. tariffs of 19% froze orders from its top buyer, risking a 30% drop in sales and one million jobs. The $1.7 billion industry faces steep losses as exporters scramble to find alternative markets.
Switzerland is seeking a negotiated solution after the U.S. imposed a 39% tariff on its exports, one of the highest rates under Donald Trump's trade agenda, prompting warnings over job losses and damage to key industries.
President Donald Trump has ordered sweeping new tariff increases on imports from more than 80 countries, citing continued trade imbalances and national security concerns, intensifying Washington’s ongoing trade policy reset on 31 July.
With just one day left until Donald Trump’s 1 August tariff deadline, the U.S. has announced trade deals with several countries, but many remain incomplete or lacking firm commitments.
U.S. Vice President JD Vance began a four-day trip to India on Monday, aiming to strengthen bilateral ties and discuss trade issues with Prime Minister Narendra Modi.
South Korea aims to delay new U.S. tariffs, prioritizing economic stability amid trade tensions. Finance Minister Choi Sang-mok emphasized the importance of reducing uncertainty for export industries, while ongoing talks with the U.S. seek a mutually beneficial resolution.
Stock markets in Asia saw a boost on Monday, driven by optimism over tariff exemptions granted to electronics. This relief sparked gains in tech stocks, while investors in South Korea and Taiwan turned their focus to trade issues and semiconductor developments.
China's foreign ministry strongly opposes the threat of additional U.S. tariffs and vows to take necessary actions to safeguard its legitimate interests. The ministry criticises the U.S. for using the fentanyl issue as a pretext.
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