Page 3 - Trump Tariff

Most emerging nations can realign trade to weather US tariffs: Report

Mexico and Vietnam are among the most exposed to US trade dependence, the paper showed, but progressive economic policies and political stability meant they were among the more resilient economies

Honda's profit slips as Trump's tariffs take toll on Japanese automakers

Honda reported Friday that its profit for the first fiscal half through September fell 37 per cent from the previous year, as the damage from President Donald Trump's tariffs offset the lift from solid motorcycle sales. Tokyo-based Honda Motor Co. recorded a 311.8 billion yen (USD2 billion) profit for April-September, down from 494.6 billion yen a year before. Sales over the six months totalled 10.6 trillion yen (USD 69 billion), down 1.5 per cent from nearly 10.8 trillion yen. Honda lowered its profit projection for the fiscal year through March 2026 to 300 billion yen (USD 2 billion), which would be a decline of 64 per cent from 835.8 billion yen the year before. It had earlier forecast a 420 billion yen (USD 2.7 billion) annual profit. Honda, which makes the Accord sedan and Odyssey minivan, said an unfavourable currency rate also hurt its bottom line, erasing 116 billion yen (USD 756 million) from its operating profit over the six months. But Honda achieved record sales in ...

Facing Trump's tariffs, Swiss farmers find themselves with too much milk

The country's dairy farmers produced a bumper harvest of milk, but higher US duties have forced them to consider ways to cut back, including slaughtering cows

US Commerce secy cites India while defending Trump's tariff amid SC case

US President Donald Trump used tariffs as a diplomatic tool to "buy justice" and had urged India to stop buying oil from Russia to help end the Ukraine war, Commerce Secretary Howard Lutnick has claimed. Lutnick made the remarks in an interview with Fox News on Thursday, defending Trump's use of tariff powers as the Supreme Court heard arguments on its legality. The court is examining whether it was lawful for Trump to use emergency powers under the 1977 International Emergency Economic Powers Act (IEEPA) to impose sweeping reciprocal tariffs on several countries, including India. "The president is using these taxes to buy justice; he is using the tariffs to end the war in Russia and Ukraine, where he has told India 'stop buying oil,'" Lutnick said, adding that restricting these powers (IEEPA) would weaken Trump's ability to make "the world and the US a safer place." Expressing confidence, he said that the US President will win the case because "these powers protect America". Trum

Supreme Court revoking tariffs would be 'devastating', says Trump

Trump warned that the "entire world would be in a depression" had he not been able to implement the levies on goods from trading partners.

SC justices appear skeptical of Trump's sweeping unilateral tariffs

A majority of Supreme Court justices seemed skeptical on Wednesday about US President Donald Trump's ability to unilaterally impose far-reaching tariffs, putting at risk a cornerstone of his agenda in the biggest legal test yet of his unprecedented presidency. Three conservative justices raised questions about whether an emergency law gives Trump near-limitless power to set and change duties on imports, with potentially trillion-dollar implications for the global economy. The court's three liberal justices also appeared dubious, so at least two conservative votes could limit Trump's tariff power, though likely not end it altogether. The case is the first major piece of Trump's agenda to come squarely before the nation's highest court, which he helped shape by naming three of the nine justices in his first term. The conservative majority has so far been reluctant to check his extraordinary flex of executive power in short-term orders in cases ranging from presidential firings to ...

Supreme Court confronts Trump's sweeping power over global economy

In a high-stakes legal showdown, the Supreme Court will consider arguments that Trump exceeded his constitutional authority with many of the sweeping tariffs he has imposed

Always preparing for plan B: WH as Trump's tariff power faces SC test

Ahead of the hearing, Trump described the case as critical to the nation's future

Toymaker Rick Woldenberg gears up for SC fight over Trump's tariffs

Woldenberg, who runs two educational-toy businesses near Chicago, says the BubblePlush Yoga Ball Buddies, designed to help kids control their emotions, has been hit especially hard by Trump's tariffs

Trump calls upcoming SC tariff case among most significant in US history

Trump said tariffs had contributed to 'Great Wealth and National Security' during his presidency

India watches as US President Donald Trump engages with East Asian leaders

The Directorate General of Foreign Trade (DGFT) announced the launch of Bharat Aayat Niryat Lab Setu

What did Trump, Xi agree to on tariffs, export controls, and fentanyl

The deal, which also includes resumption of Chinese purchases of American soybeans, averts Trump's threatened 100 per cent tariff on Chinese goods and extends a delicate trade truce

US ties with Pakistan not at India's expense, says US Secy of State Rubio

US Secretary of State Marco Rubio said Washington's bid to rebuild its partnership with Pakistan under Trump does not diminish its 'deep, historic' friendship with India

Trump inks deals on trade, critical minerals with Southeast Asian partners

Trump, who is in Kuala Lumpur to attend a summit of the Association of Southeast Asian Nations, signed reciprocal trade agreements with his Thai, Malaysian and Cambodian counterparts

Trump adds 10% import tax on Canada for not pulling anti-tariff ad sooner

President Donald Trump said on Saturday that he plans to hike tariffs on imports of Canadian goods by an extra 10 per cent because of an anti-tariff television ad aired by the province of Ontario. The ad used the words of former President Ronald Reagan to criticize U.S. tariffs, angering Trump who said he would end trade talks with Canada. Ontario Premier Doug Ford said he would pull the ad after the weekend, and it ran Friday night during the first game of the World Series. Their Advertisement was to be taken down, IMMEDIATELY, but they let it run last night during the World Series, knowing that it was a FRAUD, Trump said in a post on his Truth Social platform as he flew aboard Air Force One to Malaysia. "Because of their serious misrepresentation of the facts, and hostile act, I am increasing the Tariff on Canada by 10% over and above what they are paying now. It was not immediately clear when the 10% hike would come into effect, nor whether it would apply to all Canadian ...

China's $1 bn of daily US exports show Xi Jinping's bargaining power

Despite double-digit drops in the value of overall trade during the past half a year, some products have recently seen an increase from 2024

Trump celebrates Diwali at White House, calls PM Modi 'great friend'

During the Diwali celebrations at the White House, Trump said he spoke directly with Prime Minister Narendra Modi and reiterated his claim that India would reduce its oil purchases from Russia

Trump claims PM Modi assured him India will stop buying Russian oil

Trump also said his ambassador-designate Sergio Gor told him that PM Narendra Modi "loves Trump," adding that he shares a great friendship and strong relationship with PM Modi

Trump says he wants to be nice to China, but slaps 155% tariffs from Nov 1

Trump said while he personally wishes to maintain friendly relations with China, years of one-sided economic dealings have left the US with no choice but to take firm action

Refiners likely to cut Russian oil imports following Trump's claim

US President Donald Trump on Wednesday said Prime Minister Narendra Modi had assured that India will stop buying oil from Russia