Trade Tariffs

US VP Vance backs Trump tariffs after years of criticising protectionism

Vance applauded in the Rose Garden as President Donald Trump announced a broad new round of tariffs aimed at reviving US manufacturing, calling it a declaration of "economic independence"

Donald Trump open to reducing tariffs in return for 'phenomenal' offers

Trump broadly defended his tariff program despite a stock market meltdown, saying he was happy that interest rates were falling and believed that the economic turbulence would settle

Canada imposes 25% tariff on US vehicle imports to counter Trump's move

Canadian PM said that the revenue generated from these tariffs would be directed toward supporting the country's auto workers and the industry

Republicans push Trump's 'big' tax breaks, spending cuts amid tariff uproar

After a long wait, the Senate is launching action on President Donald Trump's "big, beautiful bill of tax breaks and spending cuts at a risky moment for the U.S. and global economy. More than a month after House Republicans surprised Washington by advancing their framework for Trump's tax breaks and spending cuts package, Senate Republicans voted Thursday to start working on their version. The 52-48 vote sets the stage for back-to-back Senate all-nighters spilling into Friday and the weekend. But work on the multitrillion-dollar package is coming as markets at home and abroad are on edge in the aftermath Trump's vast tariffs scheme, complicating an already difficult political and procedural undertaking. Senate Majority Leader John Thune, R-S.D., opened the chamber Thursday saying they were expected to begin as soon as today embarking on what they hope will become the GOP's signature domestic policy package. Trump says he's on board and Republicans, in control of Congress, are eager

Trump tariffs shock global economy, drawing threats and calls for talks

United States President Donald Trump's sweeping new tariffs on American imports shocked governments and investors around the world, swiftly spurring both threats of retaliation and calls for negotiation as industries scrambled and global stocks tumbled. China accused the US of bullying and the European Union promised robust countermeasures, with French officials suggesting taxes to hit US tech giants. Yet the United Kingdom and Japan, among others, expressed hope for a deal with Trump and refrained from talk of retaliation against the world's biggest economy, fearing that slapping their own tariffs on American goods would only make things worse. Trump said Wednesday that the import taxes, ranging from 10 per cent to 49 per cent, would reverse unfair treatment by American trading partners and draw factories and jobs back home. Taxpayers have been ripped off for more than 50 years, he said. But it is not going to happen anymore. Trump imposed a 34 per cent levy on goods from China o

'Going to devastate our economy': Rahul Gandhi on US reciprocal tariffs

Rahul Gandhi contrasted the foreign policy of former Prime Minister Indira Gandhi to that of the Bharatiya Janata Party

Trump's tariffs have unleashed worst of all possible worlds for his voters

Trump, speaking on Air Force One on Thursday afternoon, said he was open to reducing tariffs if trading partners were able to offer something "phenomenal"

Trump tariffs wipe out $2.5 trn from US stock market amid recession fears

The breadth and severity of the levies dwarfed those imposed by Trump during his first term, threatening to upend global supply chains, exacerbate an economic slowdown and boost inflation

How Donald Trump's tariffs were honed in the final hours before rollout

For a policy Trump championed for months on the campaign trail and vowed to implement quickly as the centerpiece of his economic agenda, the messiness of the rollout was inescapable

Global leaders vow countermeasures as Trump imposes 'reciprocal tariffs'

Goods from Canada and Mexico are not currently subject to reciprocal tariffs because Trump's prior 25 per cent fentanyl-related duties remain in place on their goods

US Liberation Day tariffs Highlights: Tariffs may impact agri, machinery, pharma, say experts

US Liberation Day Tariffs Announcements LIVE: Catch all updates related to US President Donald Trump's trade tariffs here

US firms join Donald Trump's tariff salvo on India, appeal to USTR

Appeal to USTR before reciprocal tariffs kick in from April 2

China prepared for bigger shocks as fresh tariffs from Trump approach

Countries should open up markets in the face of growing economic fragmentation, Li told a gathering of global business leaders

Countermeasures to Trump's tariffs will go into effect on April 1, says EU

The European Union on Wednesday announced retaliatory trade action after the Trump administration officially increased tariffs on all steel and aluminum imports to 25%, with duties on industrial and agricultural products that will go into effect April 1. As the US are applying tariffs worth 28 billion dollars, we are responding with countermeasures worth 26 billion euros (USD 28 billion), European Commission President Ursula von der Leyen said in a statement. The commission manages trade and commercial conflicts on behalf of the 27 member countries. We will always remain open to negotiation. We firmly believe that in a world fraught with geopolitical and economic uncertainties, it is not in our common interest to burden our economies with tariffs, von der Leyen said. The commission also said that steel and aluminum products would be hit in return, but also textiles, leather goods, home appliances, house tools plastics and wood. Agricultural products will also be impacted including

Oppn moves adjournment motions on voter discrepancies, tariff reductions

Tagore raised concerns about the integrity of the electoral process, especially in states like Maharashtra and Haryana, where irregularities in the voter rolls have triggered alarm

China imposes retaliatory tariffs on import of Canadian farm, food products

China on Saturday announced retaliatory tariffs on some Canadian farm and food imports, after Canada imposed duties in October on Chinese-made electric vehicles and steel and aluminum products. The new duties become effective March 20, according to a statement by the Customs Tariff Commission of the State Council. Additional 100% tariffs will be imposed on Canadian rapeseed oil, oil cakes and peas, and additional 25% tariffs will apply to pork and aquatic products. The tariffs add to global trade tensions already high, with rounds of tariff announcements by the United States, China, Canada and Mexico. The duties come in retaliation for Ottawa imposing tariffs against Chinese imports in October, including a 100% surtax on all Chinese-made EVs and 25% on steel and aluminum imports. Despite China's repeated opposition and dissuasion, Canada has taken unilateral restrictive measures on electric vehicles, steel, aluminum and other products imported from China without investigation, ...

US-Canada tariff history: The 2018 trade dispute, retaliation, and fallout

From a steel standoff in 2018 to a lumber feud spanning decades, here's how US-Canada tariff battles have shaped trade relations over the years

Trump asks farmers to sell in US as he proceeds with Canada, Mexico tariffs

US President Donald Trump's post comes a day before 25 per cent tariffs on Canadian and Mexican goods come into effect

President Trump unveils trade policy with reciprocal tariffs for fairness

Trump emphasised that this approach would address unfair trade practices, including non-monetary barriers, subsidies, and VAT systems

Trump readies tariffs on trade partners, setting up major economic showdown

President Donald Trump is taking additional action to upset the world trade system, with plans to sign an order this week that would require that US tariffs on imports match the tax rates charged by other countries. It's time to be reciprocal, Trump told reporters earlier this week. You'll be hearing that word a lot. Reciprocal. If they charge us, we charge them. The president had suggested that the order would come on Tuesday or Wednesday. But when Tuesday passed without the tariffs being officially announced, Trump was not specific on his timing, telling reporters Wednesday afternoon: I may do it later on, or I may do it tomorrow morning. White House press secretary Karoline Leavitt said she believes that the tariffs would come before Thursday's visit by Indian Prime Minister Narendra Modi. As Trump has unleashed a series of tariffs after being in power for less than a month, he has fully taken ownership of the path of the US economy. It's a bet that his economic ideas can ...