Latest Updates on Trump tariffs

Canada to announce retaliatory tariffs against US as trade fight escalates

Canada will announce retaliatory tariffs against the United States on Tuesday, an official familiar with the plans told The Associated Press, escalating a trade fight that has sharply worsened since negotiations with the Trump administration collapsed. The official spoke on condition of anonymity because they were not authorised to discuss the plans publicly. Prime Minister Mark Carney said Monday that Canada may need to move away from matching US tariffs dollar for dollar and instead use more targeted retaliation aimed at protecting Canadian workers and businesses. President Donald Trump escalated the dispute again Monday, telling Canadian leaders to "fall in line" or face consequences "far WORSE" than tariffs already imposed and threatening new 50 per cent tariffs on Canadian vehicles, auto parts and steel. Carney accused Washington of trying to subordinate Canada and said US trade demands had confirmed Canada's fears that the United States was seeking to dismantle major Canadian

Trump weighs 7.5% tariff on China for flooding market with cheap goods

President Donald Trump is moving toward levying a new tariff on China that would penalise the world's second-largest economy for flooding the global market with underpriced goods, according to three people familiar with the matter. Two of the people, who spoke on condition of anonymity to discuss internal deliberations still being finalised, said Trump is considering setting the new tariff at 7.5 per cent. It's a level administration officials believe would not endanger the one-year trade truce between Washington and Beijing or a planned White House meeting between Trump and Chinese President Xi Jinping expected to take place in late September. The move, if finalised, appears to be a calibrated effort by the White House to work around a Supreme Court decision earlier this year that struck down Trump's plan to implement a sweeping, high-tariff scheme not seen since the 1930s. After that decision, the Trump administration announced in March it was launching formal investigations ...

US, Canada fall deeper into trade war with new tariffs as talks collapse

The United States and Canada, historic allies along an undefended border, fell deeper into a trade war Saturday marked by angry recriminations and new tariffs that are expected to raise prices for products in both countries. Each side blamed the other for the collapse of negotiations in Washington late Friday, leading the US to impose 50 per cent tariffs on USD 20 billion worth of Canadian goods and Canada setting September 8 as the start of its retaliatory penalties. President Donald Trump's import taxes will hit about 5 per cent of what Canada ships to the United States every year, ranging from hockey sticks to tongue depressors. Prime Minister Carney said Ottawa would respond with targeted tariff protection for industries exposed to the new US duties, including some steel products. He also mentioned the dairy, appliance, agricultural equipment, pulp and paper and electronics sectors. No further talks were planned. Whatever the eventual outcome, a loss of trust seems one of the ..

US hits Canadian goods with 50% tariffs, Mark Carney vows to retaliate

The US tariffs kicked in Saturday on hundreds of items the US buys from Canada, such as plywood, liquor, electrical equipment and hockey gear, totaling around $20 billion

US set to impose 50% tariffs on Canadian goods as trade negotiations fail

The United States was set to impose 50% tariffs on $20 billion worth of Canadian products early Saturday after last-ditch negotiations failed to resolve the latest strain in already tense relations between the historic allies. President Donald Trump's import taxes will hit about 5% of what Canada ships to the United States every year, including products ranging from hockey sticks to tongue depressors. But the political impact will likely be even bigger than the economic fallout. Canada has threatened to retaliate against any new tariffs with levies of its own, aggravating a trade fight between countries that sold each other $880 billion worth of goods and services last year. The tariffs were initially supposed to kick in at 12:01 a.m. Wednesday. But Trump extended the deadline for three days to allow talks to continue, but the two countries still could not reach an agreement in time.

Trump says US, Canada have trade deal, but key terms remain unclear

Canada has dodged President Donald Trump's threat of 50 -per cent tariffs - at least for now. Trump went on social media late Tuesday to say he was pausing for three days the taxes on USD 20 billion worth of Canadian imports less than two hours before they were set to go into effect. Speaking to reporters at the White House Wednesday, Trump said that talks with Canada yielded a "very fair deal for both" sides. "Our farmers are going to be thrilled, our manufacturers are going to be thrilled," Trump said in an impromptu gaggle during a tour of South Lawn construction. Trump also noted that the agreement is all subject to the "finalization of documents." For now, the tariffs have been postponed until 12:01 am Saturday. Dominic LeBlanc, the minister responsible for Canada-US trade, returned to Ottawa on Wednesday to meet Canadian Prime Minister Mark Carney, who was also set to chair Cabinet and a virtual meeting with provincial and territorial leaders. Trump's tariff threat would hit

What US safeguard tariffs on quartz surface products mean for India

The US has imposed 25-55% safeguard tariffs on quartz surface products, putting Indian exporters under pressure as they depend heavily on the American market

India's exports to US remain unchanged after a year of Trump's tariffs

An analysis of trade ministry data for the 12 months through July shows the US continues to account for about 20% of India's exports

US, Canada reach deal to delay 50% tariffs on Canadian imports: Trump

President Donald Trump said Tuesday he was delaying the 50 per cent US tariffs on USD 20 billion worth of Canadian imports after the two countries reached a last-minute deal hours before the sanctions were to go into effect. The announcement, which Trump made on his social media platform, buys time for more negotiations and avoids, for now, another strain in already tense relations between the historic allies. "I have paused the 50 per cent Tariffs against Canada, that were scheduled to kick in tomorrow morning for a three day period, based on the fact that Canada and the USA., subject to the finalization of documents, have a DEAL!" Trump posted on Truth Social less than two hours before the 12.01 am. Wednesday deadline. Trump's import taxes would have hit about 5 per cent of what Canada ships to the United States every year, including products ranging from hockey sticks to tongue depressors. But the political impact would likely have been bigger than the economic one. Canada had .

US, Canada hold last-minute talks to stop 50% tariffs on Canadian goods

The United States and Canada have wrangled for decades over trade, poking each other interminably over sore spots like Canadian softwood lumber imports and US access to Canada's protected dairy market. Somehow the two neighbours still managed to remain friends, allies -- and trading partners. Canadian soldiers fought alongside Americans in Afghanistan after 9/11. The 5,525-mile US-Canada border is undefended, and nearly 330,000 people and USD 2 billion dollars' worth of goods cross it every day; 800,000 Canadians live in the United States. President Donald Trump's belligerent approach to dealing with Canada marks an extraordinary departure from the traditionally cooperative relationship between the two countries. Trump has hit Canadian goods with tariffs -- in a push to bring manufacturing back to the United States -- and has repeatedly made inflammatory comments about turning Canada into America's 51st state. The Canadian public is fed up. A petition to expel the US ambassador, a .

White House puts India in Tier 1 of China-linked transshipment risk

White House report names India among 40-plus economies at risk of Chinese goods being rerouted to evade US tariffs; exporters could face tougher origin checks and retrospective duties

'Too reliant' on foreign sources: Trump to impose tariffs on drone imports

A proclamation signed by Trump imposes a 100 per cent ad valorem tariff ​on drones of a certain size or with certain capabilities that are particularly sensitive for national security purposes

US Senate clears Russia sanctions bill with 100% tariffs on India, China

The US Senate voted overwhelmingly to approve a bill to punish Russia and key buyers of its petroleum products, such as China and India, claiming that such trade helps fuel the Ukraine war. The bill, renamed the Lindsey O. Graham Sanctioning Russia and Iran Act of 2026, was approved by the Senate by an 86-11 vote. It allows President Donald Trump to impose 100 per cent tariffs on goods from countries that are top five importers of Russian oil and gas. At present China, India, Azerbaijan, Hungary and Slovakia are top five importers of oil and gas from Russia. In addition to Russia sanctions, the bill would extend till 2031 the expiration date of the Iran Sanctions Act of 1996, which penalises companies that invest in Iran's energy sector. The bipartisan bill was championed by Republican senator Lindsey Graham, who passed away on July 11, and Democrat Richard Blumenthal. After Graham's sudden death following a trip to Kyiv, leaders across the aisle moved with renewed vigour to ensu

25 Democratic states move court against Trump's forced-labour tariffs

A group of 25 Democratic-ruled states has moved a US court against President Donald Trump's decision to impose tariffs on 60 economies accounting for 99.4 per cent of American imports. Last month, the US imposed a fresh round of tariffs ranging between 10 per cent and 12.5 per cent on these 60 countries, citing failure on the issue of forced labour, to replace the 10 per cent global levies that expired on July 24. The 25 states moved the US Court of International Trade on Monday against the Trump administration for again implementing tariffs on several countries, contending that it will raise costs for consumers and businesses nationwide. New York Attorney General Letitia James, Governor Kathy Hochul and the coalition of the Democratic states are asking the Court of International Trade to declare these tariffs illegal. "After losing at the Supreme Court, the administration is once again trying to illegally raise taxes on families and businesses with a new round of tariffs," James s

Amazon receives $600 mn in tariff refunds, to reimburse some shoppers

The US government has begun issuing billions of dollars in refunds collected from importers after the Supreme Court ruled that President Donald Trump lacked the authority to impose some of the levies

Petroleum exports cut both ways for Gujarat as outbound trade slows

Despite topping NITI Aayog's Investor Friendliness Index, Gujarat's exports have declined for three years as falling petroleum shipments expose risks of sectoral dependence

Trump's tariff playbook: India must continue to engage with the US

Tariffs are central to Mr Trump's economic agenda and are also an instrument of choice to address other issues, including geopolitics

Trade talks with US helped secure lower tier of additional tariff: Govt

The commerce ministry said negotiations with the US helped place India in the lower tier of additional tariffs, with exemptions covering about 45 per cent of exports

US is issuing billions in tariff refunds, but global trade damage remains

But while a US Supreme Court ruling in February reversed the tariffs, much of the economic and political damage, and perhaps some of the Trump administration's gains, will be hard to undo

Trump threatens fresh EU tariffs after $1 billion Google antitrust fine

Trump said Washington would launch a Section 301 trade investigation into EU after regulators imposed antitrust fine on Google, calling the penalties discriminatory against US technology firms