The U.S. will lower tariffs on Japanese cars and auto parts by 16 September under a trade deal formalised by President Donald Trump, Japan’s chief negotiator said Tuesday.
On Friday, Canada is set to announce the removal of numerous retaliatory tariffs on American goods as a goodwill gesture to re-energise trade talks with Washington, a source told reporters.
The European Union is pushing for U.S. tariff cuts on European cars to take effect retroactively, as both sides released details of their July trade framework deal aimed at easing transatlantic trade tensions.
U.S. and Chinese trade officials plan to meet again in the coming months to discuss their economic relationship, as the two countries extended a tariff truce for 90 days.
More tariffs, more tension — President Donald Trump has triggered a sweeping new round of import duties, hitting 69 countries and pressurising major economies. The move comes as he celebrated his excitement on Truth Social late Wednesday about the billions of dollars expected to flow into the U.S.
U.S. Trade Representative Jamieson Greer has announced the launch of an investigation into Brazil’s trade practices, following President Donald Trump’s warning of a 50% tariff on imports from the country.
With the tariff deadline fast approaching, German Chancellor Friedrich Merz is pushing for a swift and straightforward trade agreement between the EU and the U.S., as both sides continue talks to avoid a potential economic standoff.
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