Page 3 - Donald Trump Tariff Hike

Trump says Brics aims to hurt us, threatens 10% tariff on member nations

President Donald Trump on Tuesday claimed that BRICS was established to hurt" the US and "degenerate" the dollar as he warned that the member countries of the bloc would face a 10 per cent tariff. Trump made the remarks while talking to reporters at the sixth Cabinet meeting at the White House. They have to pay 10 per cent if they are in BRICS, he said. Trump said BRICS was set up to hurt us" and "degenerate our dollar and take the dollar off as the standard. And that's okay if they want to play that game, but I can play that game too. So anybody that's in BRICS is getting a 10% charge, he said, adding that this will be happening pretty soon. Well, if they're a member of BRICS, they're gonna have to pay a 10% tariff. Just for that one thing, Trump said. Trump claimed that BRICS "largely broke up" but there are a couple that hang around". BRICS is not, in my opinion, a serious threat. But what they're trying to do is destroy the dollar so that another country can take over and be

US job growth masks weakness amid Trump's aggressive tariffs on imports

Government employment rose by 73,000, boosted by a 40,000 increase in state government education, which economists brushed off as a seasonal quirk related to the end of the school year

US adds 139,000 jobs in May despite trade war, growing recession fear

Trump's aggressive and unpredictable policies - especially his sweeping taxes on imports - have muddied the outlook for the economy and the job market and raised fears

US trade deficit narrow downs sharply in April as tariffs cut imports

Mr. Trump has imposed tariffs on a variety of industries and trading partners since coming into office in January, raising the US tariff rate to levels not seen in a century

Trump’s tariffs back: But for how long? | Trade war | US news | Trump administration

A federal appeals court has temporarily allowed US President Donald Trump’s tariffs to stay in place. This comes a day after a lower trade court said Trump had no authority to impose trade tariffs.

Is it a good time to buy stocks? Chris Wood of Jefferies answers

With US stocks trading at nearly 19.2x forward earnings, global investors, Wood suggested, should continue to reduce positions in favour of Europe, China and India

Chinese firms race to open US factories as Trump's tariff war hits home

Donald Trump's message for Chinese exporters was clear: move production to America, or risk being priced out of the market

PepsiCo cuts 2025 profit forecast amid trade tensions and cost pressures

PepsiCo now expects fiscal 2025 core earnings per share to decline 3 per cent, compared with its previous forecast of a low-single-digit increase

Vance's visit boosts US-India talks amid trade pact negotiations: Scindia

US Vice President J D Vance's visit to India takes dialogue between the two countries a step further, Union Minister Jyotiraditya Scindia said on Tuesday as New Delhi looks to stitch an early deal with Washington that spares it from President Donald Trumps' additional tariff hikes. Vance began a four-day tour of India on Monday as the two nations engage in talks to nail a bilateral trade agreement that would avoid reciprocal tariffs. A 26 per cent 'reciprocal' tariff on Indian exports to the US is currently on a 90-day pause, set to expire on July 8. However, like other countries, India is presently subject to a 10 per cent tariff under the existing policy. In an interview with PTI, Scindia said India and the US represent "tremendous markets", adding that closer cooperation between the two nations is not only mutually beneficial but also in the broader interest of the world. "Vice President of the United States coming to India is a very welcome and a very important step. I think it

Trump looking to cut US drug prices to international levels: Report

The first source said he had been told directly by government health officials that they were exploring such a policy, which he described as a mid-level priority for the Trump administration

Auto index up 3%; Samvardhana Motherson, TaMo rally up to 10%; here's why

Media report suggests President Donald Trump is considering possible exemptions to his tariffs on imported vehicles and parts to give auto companies more time to set up US manufacturing.

From Nixon to Trump: How US shocks keep resetting the global economic order

Whether it's gold, oil, or tariffs, US economic shocks - from 1930 to 2025 - have repeatedly triggered global realignments and reshaped the rules of trade

Wall Street dips on tariff worries as big banks kick off earnings season

US consumer sentiment also deteriorated sharply in April and 12-month inflation expectations surged to the highest level since 1981 amid unease over escalating trade tensions

Xi Jinping calls on EU to oppose US 'bullying' amid escalating trade war

China has retaliated against US tariffs by imposing 125 per cent additional tariffs on American goods

Tariffs may destroy developing nations more than aid cuts: UN trade agency

Global trade could shrink by 3-7 per cent and global gross domestic product by 0.7 per cent, with developing countries the worst affected, the International Trade Centre said

'Everything is going to work out well': Trump on tariff reversal decision

After his reversal on social media, Trump's team was put in the unenviable position of trying to spin the media that this was the plan all along, a brilliant strategy

China, EU hit back with their own tariffs as Trump's trade war intensifies

China announced a tariff hike on US imports to 84 per cent from 34 per cent, shortly after Trump's punitive 104 per cent tariffs on Chinese imports kicked in on Wednesday

US sanctions Iran amid talks over nuclear programme, Trump issues warning

The US Treasury Department in a statement said it imposed sanctions on five Iran-based entities and one person based in Iran for their support of Iran's nuclear program

Treasuries, US dollar see fall as Trump's trade war sparks recession fears

US stocks were in positive territory early, with investors weighing whether recent sharp selling may have been overdone, although trading remained choppy as it has been all week

JPMorgan CEO Dimon warns of recession & defaults, urges quick trade talks

JPMorgan's economists raised the risk of a US and global recession this year to 60 per cent from 40 per cent after Trump unveiled the trade barriers