Trump Replaces Expiring Global Tariffs With New Levies on 60 Trading Partners
President Donald Trump’s administration is imposing new tariffs of between 10% and 12.5% on imports from 60 countries, replacing temporary worldwide levies that were scheduled to expire. The affected countries account for approximately 99% of goods imported into the United States, making the policy a significant expansion of the administration’s effort to restructure American trade […]
U.S. Escalates Brazil Trade Dispute While Exempting Coffee, Beef and Other Key Products
The Trump administration has announced a new 25% tariff on a wide range of Brazilian imports, marking a significant escalation in the trade dispute between the two largest economies in the Americas. The duties are scheduled to take effect on July 22 and are being imposed under Section 301 of the Trade Act of 1974, […]
U.S. Coffee Industry Urges Trump to Keep Brazilian Beans Exempt From New Tariffs
The U.S. coffee industry is asking the Trump administration to preserve tariff exemptions for Brazilian green coffee and expand them to include instant coffee, warning that new duties could raise prices for consumers and damage American manufacturers. The National Coffee Association made the request during a public consultation examining possible tariffs on Brazilian imports under […]
Supreme Court Blocks Trump’s Sweeping “Emergency” Tariffs, Forcing a Fast Pivot to a New Global Levy
The U.S. Supreme Court dealt Donald Trump a major defeat on tariffs, ruling that he did not have authority to unilaterally impose sweeping global import duties by declaring a national emergency. The ruling struck at a core pillar of Trump’s economic strategy, immediately upended the leverage his administration had used for months to pressure other […]
Canada removing tariffs on US goods compliant with free trade deal
Canada will remove all tariffs on US goods that are compliant with the existing North American free trade agreement, Prime Minister Mark Carney said Friday, matching exemptions affirmed earlier this month by Washington. President Donald Trump called the move “nice.” Speaking to reporters a day after a lengthy call with Trump, Carney said Canada has […]
U.S. trade deficit widens in May as Trump tariffs fuel uncertainty
The US trade deficit widened more than expected in May, with both imports and exports declining as US President Donald Trump’s tariffs sent shock waves through the economy and snagged supply chains. Trade data published Thursday showed the world’s biggest economy logged an overall trade gap of $71.5 billion, in the month after Trump imposed […]
China calls on US to ‘completely cancel’ reciprocal tariffs
China on Sunday called on the United States to “completely cancel” its reciprocal tariffs after Washington announced exemptions for consumer electronics and key chipmaking equipment. “We urge the US to… take a big step to correct its mistakes, completely cancel the wrong practice of ‘reciprocal tariffs’ and return to the right path of mutual respect,” […]
