Page 2 - Latest Updates on Trump tariffs

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

Trump's latest global tariffs face legal challenge from small businesses

Two lawsuits filed in US Court of International Trade argue that the govt unlawfully used Section 301 of the Trade Act of 1974 to impose fresh import duties after earlier tariffs were struck down

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, ..

'Unjustified': Asian allies push back against Trump's forced-labor tariffs

Japan, Australia, New Zealand and Singapore criticised the US for imposing fresh tariffs of up to 12.5% on imports over alleged forced-labour concerns

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

US proposal to impose tariffs on generic medicines could impact India: GTRI

The proposed steep tariffs announced by the US on generic medicines could significantly affect India's largest pharmaceutical export market, economic think tank GTRI said on Wednesday. However, it said that the impact is unlikely to be uniform. "Many Indian generic medicines sell for seven to ten times less than branded alternatives. Even after a 100 per cent tariff, many products could remain cheaper than branded medicines, meaning much of the additional cost would likely be passed on to US healthcare providers, insurers and patients rather than immediately eliminating Indian exports," it said. It added that the greatest pressure is expected to fall on higher-value generic formulations and branded generics, where manufacturing in the United States could become commercially viable. "The proposed tariffs could significantly affect India's largest pharmaceutical export market," Global Trade Research Initiative (GTRI) founder Ajay Srivastava said, adding that India should also reduce

Trump's 200% tariff plan on generic drugs: What it means for India

Donald Trump has proposed phased tariffs of up to 200% on imported generic drugs by 2028 to boost US manufacturing. Here's why the move matters for India's pharma sector and bilateral trade

Trump set to impose fresh tariffs by July 24 with stopgap to expire

The Trump administration last month proposed new tariffs of at least 10 per cent on 60 trading partners, citing what it said were lax forced-labor standards