Trump Tariff

US slaps 10% tariff on India under Sec 301 probe linked to forced labour

The new tariff announcement on Friday comes as Washington's baseline tariff of 10 per cent for all trading partners expires

Canada ready to respond if Trump's new tariffs take affect: PM Carney

Prime Minister Mark Carney said Thursday that Canada is intensifying negotiations with the United States to reach a comprehensive trade deal but is prepared to respond should President Donald Trump's threat of 50 per cent tariffs on Canadian goods comes into affect. The new tariffs, announced by Trump on Monday, are scheduled to come into effect Aug 19. "If these tariffs, or other measures come into force, there's a full range of things that we can do in that regard," Carney said after meeting with Canada's premiers and territorial leaders in Charletown, Prince Edward Island. Carney said "everything's on the table" if an agreement can't be reached before the tariffs kick in. "We don't need to respond in advance," he said. "In fact, I think it would be counterproductive at this stage to respond in advance." The new tariffs cover a wide range of goods, including honey, liquor, cement, dairy products, some wood products, hockey sticks and other items. They exclude energy products, ..

Trump imposes 10% tariff on Indian goods over forced labour concerns

The United States has imposed a 10 per cent tariff on goods imported from India and 16 other countries as part of its efforts to combat the use of forced labour in the production of such items. Last month, when the US had proposed tariffs under Section 301 of the Trade Act, India was bracketed among countries attracting 12.5 per cent levies, but Washington took note of the amendment New Delhi made to its foreign trade policy prohibiting the import of goods produced using forced labour. "As a result of these actions, the Trade Representative has advised me that the goods of these economies should be tariffed at the 10 per cent rate to further encourage these economies to effectively enforce such prohibitions," US President Donald Trump said in a memorandum on the issue on Thursday. US Trade Representative Jamieson Greer announced the new tariffs on 60 countries under Section 301 of the Trade Act on Thursday, a day before the expiration of 10 per cent additional levies on all ...

US imposes tariffs of 10-12.5% on imports from 60 trading partners

Goods from some 10 trading partners deemed to have adopted forced-labor restrictions will be subject to 10% tariffs, including India, Mexico, the UK and Canada

Trump tariff policy 'wildly successful', more coming, says USTR Greer

The US tariff policy has been "wildly successful," and the Trump administration was planning such measures to replace those overturned by the Supreme Court, US Trade Representative Jamieson Greer said. Greer, in an interview with The New York Times, said the Trump administration had changed the US trade policy of 70 years in the past year and the new measures have resulted in reducing the trade deficit and reshoring of businesses. "They are. Yeah. I think we've been wildly successful," Greer said to a question on whether the tariff regime was delivering results. Greer said the administration acted quickly because it viewed America's widening trade deficit as an economic emergency that required decisive action. "At the end of the day, we are winning in changing the trade policy. We're winning in getting the trade deficit down. We're winning in reshoring. We're winning in wages. We're winning on all these things. So I'm happy with where we are and where we're going," he said. Accord

As US refines tariff refund system, who gets to apply is under dispute

A federal judge questioned a US Customs and Border Protection official Tuesday about the government's process for refunding billions of dollars in tariffs that importers paid before the Supreme Court ruled that President Donald Trump illegally imposed higher duties on goods from most other countries. Court of International Trade Judge Richard Eaton said he wanted to hear details that would help him decide whether to order the government to speed up and expand its system for issuing tariff refunds. Eaton praised the online system that CBP developed to process refund claims, saying it was working well and that he believed the government wanted to return all of the import tax money it collected without constitutional authority to do so. But he said a Justice Department appeal of his order requiring the agency to refund all companies that paid tariffs, not just those that filed lawsuits, threatened to derail the process. "Sometimes lawyers push legal positions beyond what is useful for

USTR proposes 12.5% extra tariff on India amid trade deal negotiations

The proposed tariff action, linked to a Section 301 investigation into forced labour import prohibitions, comes as Indian and US officials negotiate a bilateral trade agreement in New Delhi

US companies shamed by Trump quietly tiptoe into tariff-refund race

There's reason for discretion: The scramble for as much as $166 billion in refunds - plus interest - comes with the risk of political and legal jeopardy

US federal court halts ruling against Trump's global tariffs for now

The order means importers will continue to pay the 10 per cent tariffs under Trump's use of Section 122 of the Trade Act of 1974 for now

Tariff refunds of $35.5 billion cleared for importers after US SC ruling

The scramble for refunds started immediately after the Supreme Court ruled that Trump unlawfully used IEEPA to impose tariffs on goods entering the country

Trump admin seeks to keep collecting tariffs after court ruling setback

In a 2-1 decision last week, a US Court of International Trade panel found that President Donald Trump's use of Section 122 of the Trade Act of 1974 to impose the tariffs was invalid

EU has until July 4 to approve trade deal or face higher tariffs: Trump

President Donald Trump has said in a social media post that goods from the European Union would face higher tariff rates if the 27-member bloc fails to approve last year's trade framework by July 4. The announcement on Thursday appeared to be a deadline extension after the president said last Friday that EU autos would face a higher 25 per cent tariff starting this week. Trump made the updated announcement after what he described as a "great call" with European Commission President Ursula von der Leyen. Still, the US president was displeased that the European Parliament had yet to finalize the trade arrangement reached last year, which was further complicated in February by the US Supreme Court ruling that Trump lacked the legal authority to declare an economic emergency to impose the initial tariffs used to pressure the EU into talks. "A promise was made that the EU would deliver their side of the Deal and, as per Agreement, cut their Tariffs to ZERO!" Trump posted. "I agreed to gi

Trump tariff refund payouts start hitting US importers' bank accounts

The refund payments mark a milestone in the fierce legal fight over one of the president's signature economic policies. Hundreds of thousands of importers paid the contested tariffs

FIEO asks exporters to engage with US buyers for tariff refund share

Apex exporters' body FIEO on Wednesday said it has asked its members to engage with US buyers to seek a share of the refunded tariffs, with the United States initiating the process of refunding reciprocal tariffs from April 20. FIEO President S C Ralhan said that there is no legal right of Indian exporters on those refunds, as only the US businesses are getting the refunds. "But if an Indian exporter has a good relationship with his or her US buyer, she may get some share," he said. In its report, think tank Global Trade Research Initiative (GTRI) said that the engagement with the US buyers will be important as the refunded payments go only to US importers, and exporters have no legal right to claim them. Indian exporters have no direct legal route to claim refunds. Another industry official from the leather sector said that the businesses will discuss the matter with the US importers. "We are talking to our buyers on this," a leather sector exporter said. The US tariffs, impose

US starts tariff refunds; Indian exporters need to engage with buyers: GTRI

The US has initiated the process of refunding reciprocal tariffs from April 20, and Indian exporters should proactively engage with American buyers to seek a share of the refunded duties, think tank GTRI said on Tuesday. The Global Trade Research Initiative (GTRI) said that the engagement will be important as the refunded payments go only to US importers, and exporters have no legal right to claim them. Indian exporters will have no direct legal route to claim refunds, it said. The US tariffs, imposed from April 2, 2025, affected export of many Indian products, it said, adding that the total refund is about USD 166 billion, with roughly USD 12 billion linked to goods from India. To get refunds, US importers must file detailed claims online with shipment data, tariff lines and proof of payment. The reciprocal tariff regime began at 10 per cent on April 2, 2025 and was rapidly escalated. Rates for India rose to 25 per cent by Aug. 7, 2025 and to 50 per cent by August 28, remaining a

Trump's Liberation Day tariffs help US reduce trade deficit with countries

But the February Supreme Court reversal of his decision has put future gains in doubt

Trump admin launches trade probes into 16 nations including India, China

The US has launched fresh trade investigations into 16 major trading partners, including India, under Section 301 of the Trade Act of 1974, after the SC struck down much of Trump's tariff programme

Tariffs will replace income tax, will take burden off Americans: Trump

During State of the Union address, Trump described a recent Supreme Court ruling on tariffs as "unfortunate", but maintained that his tariff regime was saving and protecting the country

Trump admin faces tough legal landscape to oppose tariff refunds

In a 6-3 decision last week, the justices declared President Donald Trump's use of an economic emergency powers law illegal

SC decision against Trump tariffs raises uncertainty, but markets stay calm

The Supreme Court's ruling against US President Donald Trump's tariffs has countries like China and South Korea watching for Washington's next steps, while financial markets took the news in stride. The decision announced Friday could potentially disrupt arrangements worked out in trade negotiations since Trump announced sweeping tariffs on dozens of countries in April 2025. China's Commerce Ministry said it was conducting a "comprehensive assessment of" the ruling against the tariffs Trump imposed under the International Emergency Economic Powers Act, or IEEPA. "China urges the United States to lift the unilateral tariffs imposed on trading partners," an unnamed ministry spokesman said in a statement. The statement reiterated Beijing's stance that there are no winners in a trade war and that the measures Trump had announced "not only violate international economic and trade rules but also contravene domestic laws of the United States, and are not in the interests of any party," th