Page 54 - Latest Updates on Trump tariffs

Trump trade deals likely to fall short as tariff deadline approaches

Agreements with as many as a dozen of the US's largest trading partners are expected to be completed by the July 9 deadline, top Trump advisers said this week

Rupee opens flat at 85.48/$; likely to end June muted amid weak dollar

Indian Rupee today: The domestic currency began the session 1 paise higher at 85.48 against the dollar, according to Bloomberg

Canada resumes trade talks with US following suspension of tech tax plan

Canada withdraws digital tax on US tech firms, prompting resumption of trade talks with Washington; Mark Carney, Donald Trump aim to meet July 21 deadline set during G7 Summit in Kananaskis

Fireworks for July 4 safe this year, tariff talks may dim them in future

Like clockwork, Carla Johnson sends out letters every spring asking for donations to help pay for the annual Fourth of July fireworks show that draws tens of thousands of people to New Mexico's largest lake. And she has no reservations about doling out verbal reminders when she sees her patrons around town. There's too much at stake to be shy about fundraising when donations collected by Friends of Elephant Butte Lake State Park are what make the tradition possible. But even Johnson's ardent efforts as the group's fundraiser might not cut it next year if the US and China remain locked in a trade war. With nearly all of the aerial shells, paper rockets and sparkly fountains that fuel America's Fourth of July celebrations being imported from China, volunteer groups like Johnson's and cities big and small have been closely watching the negotiations. A 90-day pause on what had been massive tariffs brought some temporary relief, but industry experts acknowledge that the tiff has lit a f

Trump hints at major India-US trade deal after China | Trade war | Trump tariffs

At the Big beautiful bill event announcement, US President Donald Trump hinted at a possible trade deal with India.

Stock market close highlights: Sensex tops 84k; Nifty at 25,638; SMIDs gain; Oil & Gas outperforms

Stockmarket on Friday, June 27, 2025: Among the broader markets, the Nifty Midcap100 and Nifty Smallcap100 indices settled higher by 0.27 per cent and 0.91 per cent, respectively

Rupee posts best week since Jan 2023 as oil prices slide; ends below 85.5/$

Indian Rupee today: The domestic currency closed 22 paise higher at 85.49, a day after closing at 86.71 against the dollar

Nike to cut China output by 2026 as Trump tariffs threaten $1 billion hit

Nike plans to reduce China-made shoe imports to the US as tariffs rise; firm bets on running category rebound and price hikes to offset projected $1 billion cost from Trump's trade policies

'Very big' trade deal with India soon: Trump as he signs pact with China

Trump's remarks come at a time when the 90-day deadline for the tariff pause is likely nearing its end on July 9

EU prepared for breakdown in US trade talks: European Commission prez

The European Commission president said at a press conference in the early hours of Friday that her team is still assessing the latest US tariff offer

EU leaders meet to discuss tougher Russia sanctions, Trump tariffs

The heads of the European Union's 27 member nations will meet Thursday in Brussels to discuss tougher sanctions on Russia, ways to prevent painful new US tariffs, and how to make their voices heard in the Middle East conflicts. Most of the leaders will arrive from a brief but intense NATO summit where they pledged a big boost in defense spending, and papered over some of their differences with US President Donald Trump. Ukrainian President Volodymyr Zelenskyy will join the EU summit by videoconference, after meeting Trump on Wednesday. US-led NATO downgraded Ukraine from a top priority to a side player this week, but Russia's war in Ukraine remains of paramount concern for the EU. Members will be discussing an 18th round of sanctions against Russia and whether to maintain a price cap on Russian oil, measures that some nations oppose because it could raise energy prices. Meanwhile, Trump's threatened tariffs are weighing on the EU, which negotiates trade deals on behalf of all 27 .

Japan can't accept US' 25% car tariffs, says trade negotiator Akazawa

Japanese automakers make roughly 3.3 million cars in the US a year, a number that's far larger than the 1.37 million that they ship there, Akazawa said

iPhone maker Foxconn to invest $2.2 bn in India, US as it shifts from China

The department has also cleared a $1.49 billion investment proposal aimed at increasing capital in Foxconn Singapore Pte Ltd, a subsidiary of the company

India 'not desperate' to seal early tranche of trade deal with US

Prime minister Narendra Modi and President Trump in February had agreed to sign a mutually beneficial bilateral trade agreement (BTA)

South Korea to raise concerns over potential curbs on chipmakers in China

South Korea, currently subject to a blanket 10 per cent tariff with a 25 per cent country-specific duty on pause for 90 days, agreed with the US in their opening round of trade talks

Japan, South Korea mark 60 years of ties despite tensions, uncertainty

Japan and South Korea are marking the 60th anniversary of the normalisation of their diplomatic relations Sunday. The two Asian powers, rivals and neighbours, have often had little to celebrate, much of their rancour linked to Japan's brutal colonial rule of Korea in the early 20th century. Things have gotten better in recent years, but both nations each a strong ally of the United States now face political uncertainty and a growing unease about the future of their ties. Here's a look at one of Northeast Asia's most crucial relationships, from both capitals, by two correspondents from The Associated Press. The view from Seoul South Korea's new liberal president, Lee Jae Myung, is determined to break sharply from the policies of his disgraced predecessor, Yoon Suk Yeol, who now faces a trial on charges of leading an insurrection over his imposition of martial law in December. Relations with Japan, however, are one area where Lee, who describes himself as a pragmatist in foreign .

Japan scraps US meeting after Washington demands more defence spending

Japan and other US allies have been engaged in difficult trade talks with the United States over President Trump's worldwide tariff offensive

China signals willingness to cooperate with US on fentanyl, deportations

China offers to work with the US on narcotics control and migrant repatriation, while warning Washington to uphold mutual respect - a step towards easing trade tensions

Canada may hike tariffs on US steel, aluminium based on trade talks: Carney

Canada's Prime Minister Mark Carney said on Thursday he will impose new tariffs on US steel and aluminum imports on July 21 depending the progress of trade talks with US President Donald Trump. Carney, who met with Trump at the Group of Seven meetings in Alberta this week, reiterated Thursday that Canada and the US "agreed to pursue negotiations toward a deal within the coming 30 days". We will review our response as the negotiations progress, Carney said. He added: "In parallel, we must reinforce our strength at home and safeguard Canadian workers and businesses from the unjust US tariffs. That's why today we are announcing Canada will be introducing a series of countermeasures to protect Canadian steel and aluminum workers and producers. "First, Canada will adjust its existing counter-tariffs on US steel and aluminum products on July 21 to levels consistent with progress made in the broader trading agreement with the United States. Carney said Trump's trade war is running the r

Trump's tariffs seen raising US car prices by nearly $2,000 per vehicle

The firm expects auto companies to pass along 80 per cent of the cost of Trump's tariffs, which it calculates as $1,760 more per car