Trump's generic drug tariff plan introduces a phased import duty that could reach 200% within three years, encouraging pharmaceutical companies to manufacture in the United States. The proposal could significantly affect India's pharmaceutical industry, which supplies nearly 40% of generic medicines used in the US. Trump Generic Drug Tariffs Target India Pharma Export

Mark Carney responds to US 50% tariffs by reaffirming Canada's commitment to free and fair trade while expressing readiness for negotiations with Washington. The Canadian prime minister says Ottawa will continue supporting workers, businesses and families as trade tensions escalate over dairy, automobiles and alcoholic beverages. Mark Carney Responds to US 50% Tariff

US imposes 50% tariff on Canadian goods as the Trump administration escalates trade tensions with its northern neighbour. The new duties target products including hockey sticks, wine and cement, while Washington cites unfair trade practices and retaliatory Canadian policies as the reason for the move. US Imposes 50% Tariff on Canadian Goods Amid Trade Dispute &n

Trump blames Canada wildfire smoke for unhealthy air across the United States and says the economic cost could be added to existing tariffs on Canadian goods. His remarks come as hundreds of active wildfires continue to spread smoke across North America, triggering widespread air quality alerts. Trump Blames Canada Wildfire Smoke, Warns of New Tariffs

A bipartisan group of US senators has introduced a revised sanctions bill that could impose tariffs of up to 100% on goods from countries purchasing large amounts of Russian oil and gas. India and China are among the five countries specifically targeted, placing renewed pressure on their energy trade with Moscow while raising questions about the future of India-US commercial relations. India tariff threat under revised US bill

US–Europe tensions escalate over digital taxation dispute US President Donald Trump has renewed tariff threats against European countries over proposed Digital Services Taxes targeting large technology companies. In a statement posted on his social media platform, he warned that nations introducing such taxes could face tariffs of up to 100 percent on goods exported

Treasury Refunds $22 Billion in Customs Duties The U.S. Treasury Department announced on Wednesday, June 10,2026 that it refunded $22 billion in customs duties during May, marking the first major round of repayments after the Supreme Court struck down President Donald Trump’s global tariff programme. The amount refunded matched the customs duties collected over the same period, effectiv

US Pushes Tariffs Into Mexico Trade Talks The United States expects tariffs to be part of trade negotiations with Mexico this week as Washington prepares for talks tied to the future of the U.S.-Mexico-Canada Agreement. U.S. Trade Representative Jamieson Greer said President Donald Trump remains concerned about the trade deficit with Mexico and indicated that tariffs are likely to remain a tool in the administration’s broader trade strategy, even with close regional partners. Rules Of Origin Face Fresh Scrutiny Greer said officials are expected to discuss changes to USMCA rules of origin, including requirements that could increase the share of American-made content in goods produced across North America. The issue is especially important for manufacturing and supply chains, as the United States seeks to reduce dependence on Asia and bring more production closer to home. Greer said Mexico has benefited from American efforts to diversify away from China, but Washington wants a more balanced distribution of production. Mexico Talks Seen As Productive The United States views Mexico as a major part of its regional supply chain strategy because it competes with Asian economies for access to the US market. Greer said the administration wants supply chains sourced from the Western Hemisphere wherever possible, pointing to pandemic-era disruptions that limited access to goods from Asia. The goal, he said, is to strengthen North American manufacturing while reducing the deficit with Mexico. Canada Negotiations Look More Difficult Trade talks with Canada appear more complicated. Greer said the United States has significant trade challenges with Canada and noted that Ottawa’s response to tariffs has differed from that of many other partners. Canada has argued that USMCA remains a strong agreement and does not require major renegotiation. The disagreement sets up a difficult review process as Washington seeks tariff-related changes while Canada pushes to preserve the existing framework.

Trump signals sharp increase in tariffs on EU vehicles WASHINGTON — On Friday, May 1, 2026, U.S. President Donald Trump announced plans to raise tariffs on cars and trucks imported from the European Union to 25%, signaling a significant shift in U.S.-EU trade policy. The move, shared publicly in a statement, comes at a time when global markets remain sensitive to policy changes and could trigger broader economic repercussions. Trump stated that the European Union was “not complying” with the previously agreed trade deal, though he did not provide specific details regarding the alleged violations. The announcement marks a departure from the earlier tariff framework negotiated between both sides. Background of the US-EU Turnberry trade framework The current dispute traces back to a bilateral agreement reached in July 2025 between Trump and Ursula von der Leyen, which set a 15% tariff ceiling on most traded goods. Known as the Turnberry Agreement, the arrangement aimed to stabilize trade relations and reduce uncertainty for industries on both sides of the Atlantic. Both the United States and the European Union had reaffirmed their commitment to maintaining this framework even after legal and policy challenges emerged earlier in 2026. Legal challenges reshape tariff authority The agreement’s stability was called into question after a ruling by the U.S. Supreme Court, which determined that the president lacked authority to impose tariffs under an economic emergency declaration. Following the ruling, tariff limits were effectively reduced, prompting the administration to explore alternative legal pathways to implement new import taxes. Ongoing investigations into trade imbalances and national security concerns have since been cited by the administration as justification for a revised tariff strategy, potentially putting the original agreement at risk. Economic stakes for EU and global markets The European Union has consistently emphasized the importance of maintaining agreed tariff limits, noting that the deal was expected to save its automotive sector between €500 million and €600 million monthly. Trade between the U.S. and EU reached approximately €1.7 trillion ($2 trillion) in 2024, highlighting the scale of economic interdependence. European officials have reiterated that commitments under the agreement should be upheld, stressing that EU exports must continue to benefit from competitive tariff treatment without unexpected increases. Rising tensions threaten trade stability The proposed tariff increase introduces fresh uncertainty into one of the world’s largest trading relationships. Analysts warn that such measures could disrupt supply chains, increase costs for manufacturers and consumers, and strain diplomatic ties. As the administration moves forward with its trade investigations, the future of the U.S.-EU trade framework remains uncertain, with potential implications extending beyond the automotive sector into the broader global economy.

The United States has warned that steep tariffs could soon be imposed on China if Beijing proceeds with its newly announced restrictions on rare earth exports, heightening concerns of another trade confrontation between the two largest economies in the world. U.S. Trade Representative Jamieson Greer said Tuesday that the decision now rests largely on China’s next actions, suggesting that the situation remains fluid in the run-up to a crucial diplomatic meeting later this month. Pr

US President Donald Trump has once again taken a hardline stance on trade, defending his controversial tariff policies and warning of dire consequences if they are overturned. Among his recent moves was the imposition of a 50% tariff on Indian imports — a decision that has already sparked concerns in business and diplomatic circles. The tariffs, part of a broader trade strategy, have significantly impacted goods coming from India, including gems, jewelry, and other key exports

President Donald Trump has announced a major trade deal with Indonesia, declaring that the United States will now enjoy full market access to the Southeast Asian country. According to the President, Indonesia will impose a reduced 19% tariff on its exports to the United States, while American exports to Indonesia will be completely exempt from both tariffs and non-tariff barriers. In his statement, Trump also claimed that India is working along the same lines as Indonesia in its ongoing trade ta

In a bold and unexpected move, the President of the United States has announced a 50 percent tariff on all imports from Brazil. The announcement deviated from usual trade policy rhetoric and was directly linked to the ongoing prosecution of Brazil's former president Jair Bolsonaro. The President emphasized that the tariff decision was not based on trade deficits or economic concerns but was instead a response to what he termed an unfair legal attack on Bolsonaro, who he described as a person

China has issued a firm response to remarks made by United States President Donald Trump regarding the imposition of additional tariffs on countries aligning with the BRICS bloc. The Chinese government strongly opposed what it described as the coercive use of tariffs in international diplomacy, saying such tactics undermine global cooperation and stability. The statement came after President Trump warned that the United States could impose an extra 10 percent tariff on imports from countries tha

President Donald Trump has announced that he does not intend to extend the 90-day pause on tariffs beyond July 9, signaling a return to aggressive trade measures that could affect several countries unless individual trade agreements are secured. Speaking in an interview, Trump stated that his administration would begin sending formal notifications to countries soon, warning them of upcoming trade penalties unless they finalize deals with the United States. The president emphasi

The cost of tariffs remains one of the most contentious and difficult aspects of international trade policy. While politically charged, the real impact on American consumers can be analyzed by modeling how the proposed tariffs influence retail prices of everyday goods. A detailed analysis by retail consultancy AlixPartners shows just how significantly shoppers might feel the pinch under former President Donald Trump’s proposed and existing tariffs, particularly when it comes to commonly

President Donald Trump has announced plans to double tariffs on steel imports to 50%, up from the existing 25%, as part of his administration’s effort to reinforce domestic manufacturing and ensure long-term industrial independence. Speaking to American steelworkers during a visit to a steel facility in Pennsylvania, Trump emphasized that his administration remains committed to policies that protect American jobs and prevent foreign dominance in vital sectors. Trump’s

In a recent address from Morristown, New Jersey, U.S. President Donald Trump reaffirmed his administration's commitment to using tariffs as a tool to boost domestic manufacturing, particularly in sectors such as military equipment and advanced technology. Speaking before boarding Air Force One, Trump clarified that his tariff agenda is not intended to revive traditional textile production like sneakers and T-shirts, but rather to prioritize manufacturing of tanks, artificial intelligence

On May 16, 2025, U.S. President Donald Trump once again reiterated his claim that India had offered a zero-tariff trade deal to the United States, in a move he framed as part of his broader efforts to mediate peace between India and Pakistan. During an interview, President Trump emphasized that his engagement in regional diplomacy and trade had led to a de-escalation of tensions between the two South Asian neighbors. His comments come amid a charged geopolitical backdrop and continuing discussio

In a controversial move that could reshape the global entertainment industry, U.S. President Donald Trump has proposed a sweeping 100% tariff on all movies made outside the United States. Trump announced the policy through a post on Truth Social, where he claimed the measure is essential to revive what he described as a declining American film industry. According to Trump, Hollywood is "dying fast" as filmmakers increasingly choose to work with international studios offering better fin