Steep U.S. tariffs on a range of Indian products took effect Wednesday, threatening a serious blow to India’s overseas trade in its largest export market.
Losing “De Minimis” could cause maximum problems for companies and online sellers like Amazon Haul, Etsy and Shopify.
President Trump’s 50% tariff on steel and aluminum imports has taken effect.
China’s top leaders have pledged to help companies slammed by higher U.S. tariffs but held back on major moves after trade talks with the U.S. this week kept businesses and planners in limbo.
President Donald Trump said Wednesday that he will impose a 25% tariff on goods from India, plus an additional import tax because of India’s purchasing of Russian oil.
The Tuesday meeting between Chinese and American trade negotiators in Sweden ended without a deal.
As President Donald Trump prepares to announce new tariff increases, the costs of his policies are starting to come into focus for a domestic manufacturing sector that depends on global supply chains, with a new analysis suggesting factory costs could increase by roughly 2% to 4.5%.
President Donald Trump announced a trade framework with Japan on Tuesday, placing a 15% tax on goods imported from that nation.
President Donald Trump told reporters Tuesday that he plans to place tariffs of over 10% on smaller countries, including nations in Africa and the Caribbean.
EU trade ministers agreed Monday that U.S. President Donald Trump’s announcement of 30% tariffs on the European Union was “absolutely unacceptable,” and they are studying a new set of countermeasures to respond to the move.
