Page 4 - Us Trade Deals

Key exemption allows most Canadian, Mexican goods to enter US tariff-free

US President Donald Trump raised the tariffs on Canadian goods to 35 per cent last week, but a key exemption for Canada and Mexico shields the vast majority of goods from the punishing duties. Goods that comply with the 2020 United States-Mexico-Canada Agreement trade pact that Trump negotiated during his first term are excluded from the tariffs. Here is a look at Trump's tariffs on the two countries and their exemptions: Most Canadian exports reaching the US duty free Canada's central bank says 100 per cent of energy exports and 95 per cent of other exports are USMCA compliant. The Royal Bank estimated that almost 90 per cent of Canadian exports appear to have accessed the US market duty free in April. Canadian Prime Minister Mark Carney said the commitment of the United States to the core of USMCA, reaffirmed again last week, means the US average tariff rate on Canadian goods remains one of its lowest, and over 85 per cent of Canada-US trade continues to be tariff free. "Canada

Trump vows 'very substantial' tariff hike on India within 24 hours

Trump threatens to raise tariffs on Indian imports 'very substantially', citing Russian oil purchases; India calls criticism unfair, defends energy ties with Moscow

US trade deficit narrows to $60.2 bn in June as imports decline sharply

Imports of consumer goods fell to the lowest level since September 2020, and industrial supplies and motor vehicles were also down. Meantime, inbound shipments of capital equipment rose

PM Modi defiant as Trump steps up pressure on India's Russian oil purchases

Modi's government hasn't given India's oil refiners instructions to stop buying Russian oil, and no decision has been taken on whether to halt the purchases

Trump orders trade tariffs on 68 nations: Who has a deal and who doesn't

Donald Trump signs order imposing tariffs on 68 countries and EU from August 7; while some nations secured last-minute trade deals, many - including India and Canada - face steep new duties

India to pay 25% tariff plus penalty for Russian oil, defence buys: Trump

US President Donald Trump described India's trade policies as the 'most strenuous and obnoxious non-monetary trade barriers of any country'

India presses ahead with US trade talks despite looming Aug 1 tariffs

India is pushing ahead with trade deal talks with the US despite looming Trump-era tariff threats, focusing on long-term economic alignment beyond short-term disruption

India may pay 20% to 25% tariff but not yet final, says Donald Trump

India has been a good friend, but India has charged basically more tariffs than almost any other country, said Donald Trump

Donald Trump caps his 5-day Scottish trip by opening new golf course

President Donald Trump is opening a new golf course bearing his name in Scotland on Tuesday, capping a five-day foreign trip designed around promoting his family's luxury properties and playing golf. Trump and his sons Eric and Donald Jr are cutting the ceremonial ribbon and playing the first-ever round at the new Trump course in the village of Balmedie, on the northern coast of Scotland. Also from the country's north is the president's late mother, Mary Anne MacLeod, who was born on the Isle of Lewis, immigrated to New York and died in 2000 at age 88. My mother loved Scotland, Trump said during a meeting with British Prime Minister Keir Starmer on Monday at another one of his golf courses, Turnberry, on Scotland's southern coast. It's different when your mother was born here. Trump used his trip to meet with Starmer and reach a trade framework for tariffs between the US and the European Union's 27 member countries though scores of key details remain to be hammered out. The overse

US-EU trade deal wards off escalation, to raise costs for firms, consumers

President Donald Trump and European Commission President Ursula von der Leyen have announced a sweeping trade deal that imposes 15% tariffs on most European goods, warding off Trump's threat of a 30% rate if no deal had been reached by August 1. The tariffs, or import taxes, paid when Americans buy European products could raise prices for US consumers and dent profits for European companies and their partners who bring goods into the country. Here are some things to know about the trade deal between the United States and the European Union: What's in the agreement? Trump and von der Leyen's announcement, made during Trump's visit to one of his golf courses in Scotland, leaves many details to be filled in. The headline figure is a 15% tariff rate on the vast majority of European goods brought into the US, including cars, computer chips and pharmaceuticals. It's lower than the 20% Trump initially proposed, and lower than his threats of 50% and then 30%. Von der Leyen said the two s

India should push for joint statement in trade talks with US: GTRI

India must proceed with caution in its trade talks with the US, drawing lessons from countries like Vietnam and Japan, economic think tank GTRI said on Sunday. To prevent any misrepresentation, the Global Trade Research Initiative (GTRI) said New Delhi should insist on a jointly issued written statement before acknowledging the final terms of any agreement. It added that a Japanese government document released on July 25 shows major gaps between Japan's understanding of a new trade deal with the United States and how President Trump portrayed it just days earlier. Trump claimed on July 22 that the agreement secures massive Japanese investments, strong tariff protections, and guaranteed access for US farm exports, including rice. But Japan's official summary, published by its Cabinet Secretariat, describes a far more limited framework -- still under negotiation and lacking binding commitments, GTRI Founder Ajay Srivastava said. "India should tread carefully as it negotiates its trad

'Seed money': Japan will invest $550 bn in US at my direction, says Trump

President Donald Trump is bragging that Japan has given him, as part of a new trade framework, USD 550 billion to invest in the United States. It's an astonishing figure, but still subject to negotiation and perhaps not the sure thing he's portraying. "Japan is putting up USD 550 billion in order to lower their tariffs a little bit," Trump said Thursday. They put up, as you could call it, seed money. Let's call it seed money. He said 90 per cent of any profits from the money invested would go to the US even if Japan had put up the funds. It's not a loan or anything, it's a signing bonus, the Republican president said, on the trade framework that lowered his threatened tariff from 25 per cent to 15 per cent, including on autos. A White House official said the terms are being negotiated and nothing has been formalised in writing. The official, who insisted on anonymity to detail the terms of the talks, suggested the goal was for the USD550 billion fund to make investments at Trump's .

Stock market close highlights: Sensex up 540 pts; Nifty at 25,220; auto, banks, metal lead rally

Sensex Today | Stock market close highlights on Wednesday, July 23, 2025: In the broader markets, the Nifty MidCap 100 closed with gains of 0.34 per cent, while the Nifty SmallCap 100 ended flat

US rejects India's WTO claim on auto tariffs, cites security grounds

US says Trump auto tariffs were imposed on national security grounds and cannot be challenged as safeguard measures under the World Trade Organisation rules

India likely to settle for 10-15% tariff in interim trade deal with US

This may put New Delhi in a more favourable position than Indonesia, Vietnam

Trump hints at trade deal with India, says major announcements on the way

US President Donald Trump hints at new deal with India, possibly with tariffs similar to Indonesia's 19% rate

Gold prices can rise up to 15% by December-end in bull-case scenario: WGC

In their bear-case scenario, WGC sees gold prices dip 12 - 17 per cent in H2-CY25 finishing 2025 with positive but low double-digit (or even single-digit) return

US trade wars to hit households worldwide, says BOE Bailey Warns

Bailey called for greater cooperation between countries, particularly the US and China to resolve unsustainable trade and financial imbalances

India-US trade talks moving fast as fresh deadline nears: Piyush Goyal

India and US negotiators are in Washington for intense discussions, with the interim trade pact facing a critical deadline and pressure from the US on tariff concessions

Expect FIIs to influence market returns in the near term: Harish Krishnan

Harish Krishnan, co-chief investment officer and head of equity at Aditya Birla Sun Life AMC talks about the outlook for flows into EMs, reshaping the portfolio of their firm and more