Trump Canada Tariffs: US Warns Ottawa of ‘Devastating’ Fallout
Trump Canada tariffs have pushed the US-Canada trade dispute into a sharper confrontation after negotiations collapsed and Washington imposed 50% duties on roughly $20 billion in Canadian imports. Ottawa is preparing counter-tariffs, while US officials warn Canada could face severe economic consequences. Trump Canada tariffs follow failed trade talks
Trump Canada Tariffs: US Warns Ottawa of ‘Devastating’ Fallout
Trump Canada tariffs have pushed the US-Canada trade dispute into a sharper confrontation after negotiations collapsed and Washington imposed 50% duties on roughly $20 billion in Canadian imports. Ottawa is preparing counter-tariffs, while US officials warn Canada could face severe economic consequences. Trump Canada tariffs follow failed trade talks
US-Canada Trade War: Trump Team Warns Ottawa of ‘Devastating’ Fallout
The US-Canada trade war intensified over the weekend after the Trump administration warned Ottawa that retaliating against Washington’s new tariffs could bring “devastating” economic consequences. Canada, however, has refused to back down, with Prime Minister Mark Carney announcing counter-tariffs after trade negotiations collapsed. Trump Canada tariffs
US-Canada Trade War: Trump Team Warns Ottawa of ‘Devastating’ Fallout
The US-Canada trade war intensified over the weekend after the Trump administration warned Ottawa that retaliating against Washington’s new tariffs could bring “devastating” economic consequences. Canada, however, has refused to back down, with Prime Minister Mark Carney announcing counter-tariffs after trade negotiations collapsed. Trump Canada tariffs
US-Canada Tariff Crisis Deepens as Trade Talks Collapse
The US Canada tariff crisis entered a sharper phase after negotiations in Washington ended without an agreement, clearing the way for 50% US tariffs on nearly $20 billion worth of Canadian imports. Canada responded by suspending negotiations and preparing matching retaliatory measures as the tariff impact threatens to deepen tensions between the neighboring economies. Canada retaliation follows collapse in negotiations
US-Canada Tariff Crisis Deepens as Trade Talks Collapse
The US Canada tariff crisis entered a sharper phase after negotiations in Washington ended without an agreement, clearing the way for 50% US tariffs on nearly $20 billion worth of Canadian imports. Canada responded by suspending negotiations and preparing matching retaliatory measures as the tariff impact threatens to deepen tensions between the neighboring economies. Canada retaliation follows collapse in negotiations
Navarro says Trump, Modi can resolve Russian oil tariff dispute
Peter Navarro says Donald Trump and Narendra Modi can manage the Russian oil tariff dispute as Congress advances a sanctions package targeting major Russian energy buyers. The Senate passed the bill 86-11, while an identical House companion was introduced on August 11, 2026. A bipartisan U.S. sanctions push targeting major buyers of Russian energy is putting renewed pressure on India-U.S. trade ties, but White House Senior
Navarro says Trump, Modi can resolve Russian oil tariff dispute
Peter Navarro says Donald Trump and Narendra Modi can manage the Russian oil tariff dispute as Congress advances a sanctions package targeting major Russian energy buyers. The Senate passed the bill 86-11, while an identical House companion was introduced on August 11, 2026. A bipartisan U.S. sanctions push targeting major buyers of Russian energy is putting renewed pressure on India-U.S. trade ties, but White House Senior
Trump Imposes Tariffs on 60 Nations Over Forced Labour
Trump imposes tariffs on 60 nations over forced labour as the administration launches a new trade initiative targeting countries accused of failing to block imports made with forced labour. The move follows investigations under Section 301 of the Trade Act and marks the latest shift in US trade policy after the Supreme Court struck down the previous tariff programme. US forced labour tariff policy
Trump Imposes Tariffs on 60 Nations Over Forced Labour
Trump imposes tariffs on 60 nations over forced labour as the administration launches a new trade initiative targeting countries accused of failing to block imports made with forced labour. The move follows investigations under Section 301 of the Trade Act and marks the latest shift in US trade policy after the Supreme Court struck down the previous tariff programme. US forced labour tariff policy
Modi-Trump G7 Meeting in Evian Puts India-US Trade in Focus
ÉVIAN-LES-BAINS, France — The Modi-Trump G7 meeting in Evian brought India-U.S. trade relations back into focus on Tuesday, June 16, 2026. Prime Minister Narendra Modi and U.S. President Donald Trump exchanged a handshake and brief remarks at the summit venue in France, marking their first face-to-face interaction in about 16 months. Modi-Trump G7 Meeting in Evian Comes Before Trade Discussions Modi approached his seat as Trump turned
Modi-Trump G7 Meeting in Evian Puts India-US Trade in Focus
ÉVIAN-LES-BAINS, France — The Modi-Trump G7 meeting in Evian brought India-U.S. trade relations back into focus on Tuesday, June 16, 2026. Prime Minister Narendra Modi and U.S. President Donald Trump exchanged a handshake and brief remarks at the summit venue in France, marking their first face-to-face interaction in about 16 months. Modi-Trump G7 Meeting in Evian Comes Before Trade Discussions Modi approached his seat as Trump turned
What caused U.K. exports to the U.S. to fall? Tariffs cut goods by nearly 25%
Tariffs trigger sharp decline in U.K. exports to the U.S. What caused U.K. exports to the U.S. to fall? Tariffs cut goods by nearly 25% as official data shows a steep decline in trade flows following sweeping tariff measures. According to figures released Friday by the Office for National Statistics, goods exports from the United Kingdom to the United States dropped by £1.5 billion, marking a 24.7% decrease after tariffs were introduced. The data, which excludes precious metals, highlights the immediate and sustained impact of trade policy changes initiated under Donald Trump. The tariffs, introduced as part of a broader “liberation day” strategy, disrupted established trading patterns between the two countries, which had previously benefited from largely tariff-free exchanges. Automotive and key sectors remain below pre-tariff levels The downturn has been particularly evident in the automotive sector, where U.K. car exports to the U.S. have remained below pre-tariff levels for the 12 months since April 2025. Analysts note that the continued weakness reflects both higher costs and reduced competitiveness in the American market. While exports have struggled, imports from the United States into the U.K. increased at the beginning of 2026. This imbalance has resulted in a trade deficit for three consecutive months, underscoring the broader economic consequences of the tariff regime on bilateral trade. Trade deal reshapes transatlantic economic ties The United Kingdom was the first nation to secure a post-tariff trade agreement with the U.S., following the introduction of the new measures. The deal included a 10% blanket tariff on goods entering the American market, effectively ending the previous zero-tariff environment that had benefited exporters on both sides. The new framework also imposed duties on key British exports, including Scotch whisky and other spirits. However, in a recent development, Trump announced plans to remove tariffs on Scotch whisky “in honor” of King Charles III and Queen Camilla following their state visit. Despite this move, industry experts caution that relief in one sector is unlikely to offset broader trade declines. Economic pressures weigh on exporters and growth outlook Economists warn that the sustained drop in exports could have wider implications for the U.K. economy. The United States remains the country’s largest export market, making the scale of the downturn particularly significant. Samuel Edwards, head of client portfolio management at Ebury, said exporters are facing mounting challenges. He pointed to a combination of higher trading costs from tariffs, increased employment expenses, and rising input prices, all of which are squeezing profit margins. These overlapping pressures are making it more difficult for U.K. businesses to remain competitive internationally, raising concerns about long-term growth and stability in the evolving global trade environment.
What caused U.K. exports to the U.S. to fall? Tariffs cut goods by nearly 25%
Tariffs trigger sharp decline in U.K. exports to the U.S. What caused U.K. exports to the U.S. to fall? Tariffs cut goods by nearly 25% as official data shows a steep decline in trade flows following sweeping tariff measures. According to figures released Friday by the Office for National Statistics, goods exports from the United Kingdom to the United States dropped by £1.5 billion, marking a 24.7% decrease after tariffs were introduced. The data, which excludes precious metals, highlights the immediate and sustained impact of trade policy changes initiated under Donald Trump. The tariffs, introduced as part of a broader “liberation day” strategy, disrupted established trading patterns between the two countries, which had previously benefited from largely tariff-free exchanges. Automotive and key sectors remain below pre-tariff levels The downturn has been particularly evident in the automotive sector, where U.K. car exports to the U.S. have remained below pre-tariff levels for the 12 months since April 2025. Analysts note that the continued weakness reflects both higher costs and reduced competitiveness in the American market. While exports have struggled, imports from the United States into the U.K. increased at the beginning of 2026. This imbalance has resulted in a trade deficit for three consecutive months, underscoring the broader economic consequences of the tariff regime on bilateral trade. Trade deal reshapes transatlantic economic ties The United Kingdom was the first nation to secure a post-tariff trade agreement with the U.S., following the introduction of the new measures. The deal included a 10% blanket tariff on goods entering the American market, effectively ending the previous zero-tariff environment that had benefited exporters on both sides. The new framework also imposed duties on key British exports, including Scotch whisky and other spirits. However, in a recent development, Trump announced plans to remove tariffs on Scotch whisky “in honor” of King Charles III and Queen Camilla following their state visit. Despite this move, industry experts caution that relief in one sector is unlikely to offset broader trade declines. Economic pressures weigh on exporters and growth outlook Economists warn that the sustained drop in exports could have wider implications for the U.K. economy. The United States remains the country’s largest export market, making the scale of the downturn particularly significant. Samuel Edwards, head of client portfolio management at Ebury, said exporters are facing mounting challenges. He pointed to a combination of higher trading costs from tariffs, increased employment expenses, and rising input prices, all of which are squeezing profit margins. These overlapping pressures are making it more difficult for U.K. businesses to remain competitive internationally, raising concerns about long-term growth and stability in the evolving global trade environment.
US-India trade agreement talks resume with focus on tariff adjustments
An official Indian delegation will travel to Washington next week to continue trade negotiations with US authorities. The visit is part of India's ongoing efforts to advance discussions for a bilateral trade agreement that has been delayed due to tariff-related uncertainties and policy shifts in the United States. This critical meeting comes after several months of postponed talks, as both nations work to finalize the framework for a comprehensive trade pact. The focus of the upcomi
US-India trade agreement talks resume with focus on tariff adjustments
An official Indian delegation will travel to Washington next week to continue trade negotiations with US authorities. The visit is part of India's ongoing efforts to advance discussions for a bilateral trade agreement that has been delayed due to tariff-related uncertainties and policy shifts in the United States. This critical meeting comes after several months of postponed talks, as both nations work to finalize the framework for a comprehensive trade pact. The focus of the upcomi
Trump threatens 50% tariffs on countries supplying weapons to Iran
U.S. President Donald Trump announced that the United States will impose tariffs of 50% on goods imported from any country found to be supplying military weapons to Iran, marking a sharp escalation in trade measures tied to geopolitical tensions. In a statement posted on Wednesday, April 8, 2026 (local U.S. time), Trump said the tariffs would take effect immediately and apply broadly. He emphasized that there would be no “exclusions or exemptions,” warning that “any and all” g
Trump threatens 50% tariffs on countries supplying weapons to Iran
U.S. President Donald Trump announced that the United States will impose tariffs of 50% on goods imported from any country found to be supplying military weapons to Iran, marking a sharp escalation in trade measures tied to geopolitical tensions. In a statement posted on Wednesday, April 8, 2026 (local U.S. time), Trump said the tariffs would take effect immediately and apply broadly. He emphasized that there would be no “exclusions or exemptions,” warning that “any and all” g
Russia to Supply 9.5 Million Barrels of Oil to India as Middle East Tensions Escalate
In response to the escalating crisis in the Middle East, Russia is preparing to ship 9.5 million barrels of crude oil to India. This move comes as India faces severe supply disruptions, particularly after Iranian attacks targeted vessels in the Strait of Hormuz, a critical oil route that handles 40% of India's crude imports. The current geopolitical tensions have left India vulnerable, as its crude stocks cover only about 25 days of demand, and inventories of refined products like gasoline, g
Russia to Supply 9.5 Million Barrels of Oil to India as Middle East Tensions Escalate
In response to the escalating crisis in the Middle East, Russia is preparing to ship 9.5 million barrels of crude oil to India. This move comes as India faces severe supply disruptions, particularly after Iranian attacks targeted vessels in the Strait of Hormuz, a critical oil route that handles 40% of India's crude imports. The current geopolitical tensions have left India vulnerable, as its crude stocks cover only about 25 days of demand, and inventories of refined products like gasoline, g
Trump warns of higher tariffs as India delays Washington trade visit
United States President Donald Trump has issued a fresh warning to global trade partners, threatening significantly higher tariffs for countries he claims have taken advantage of the American economy for years. The remarks come amid heightened uncertainty following a recent Supreme Court ruling that has reshaped the administration’s tariff authority and complicated ongoing trade negotiations. In a post on Truth Social, Trump cautioned that any nation attempting to “play games” in the w
Trump warns of higher tariffs as India delays Washington trade visit
United States President Donald Trump has issued a fresh warning to global trade partners, threatening significantly higher tariffs for countries he claims have taken advantage of the American economy for years. The remarks come amid heightened uncertainty following a recent Supreme Court ruling that has reshaped the administration’s tariff authority and complicated ongoing trade negotiations. In a post on Truth Social, Trump cautioned that any nation attempting to “play games” in the w
Supreme Court strikes down major portion of Trump tariff policy
The Supreme Court on Friday invalidated a significant portion of President Donald Trump’s sweeping tariff program, ruling that the law used to justify many of the import duties does not grant the president authority to impose such measures unilaterally. The decision marks a major development in the ongoing debate over presidential powers and U.S. trade policy. In a 6–3 ruling, the court’s majority concluded that the International Emergency Economic Powers Act (IEEPA), the statu
Supreme Court strikes down major portion of Trump tariff policy
The Supreme Court on Friday invalidated a significant portion of President Donald Trump’s sweeping tariff program, ruling that the law used to justify many of the import duties does not grant the president authority to impose such measures unilaterally. The decision marks a major development in the ongoing debate over presidential powers and U.S. trade policy. In a 6–3 ruling, the court’s majority concluded that the International Emergency Economic Powers Act (IEEPA), the statu
US commerce secretary says Modi did not call Trump, trade deal collapsed
The proposed India–US trade deal failed to materialise because Prime Minister Narendra Modi did not personally call US President Donald Trump, according to claims made by US Commerce Secretary Howard Lutnick. Speaking on a podcast, Lutnick said the final step required to close the agreement was direct communication between the two leaders, which did not happen, leading to the collapse of the negotiations. Lutnick stated that the framework of the deal had been completed and was rea
US commerce secretary says Modi did not call Trump, trade deal collapsed
The proposed India–US trade deal failed to materialise because Prime Minister Narendra Modi did not personally call US President Donald Trump, according to claims made by US Commerce Secretary Howard Lutnick. Speaking on a podcast, Lutnick said the final step required to close the agreement was direct communication between the two leaders, which did not happen, leading to the collapse of the negotiations. Lutnick stated that the framework of the deal had been completed and was rea
Sensex Crashes Over 700 Points As Tariff Fears And Heavy Selling Rattle Markets
plunging close to one percent amid rising global uncertainty and mounting trade-related concerns. The S&P BSE Sensex fell by more than 700 points during afternoon trade to hover around the 84,300 mark, while the NSE Nifty50 slipped over 225 points to trade near 25,915. Weak sentiment spread across sectors, dragging frontline stocks as well as the broader market lower, reflecting heightened investor caution. Market participants attributed the decline to a combination of weak glob
Sensex Crashes Over 700 Points As Tariff Fears And Heavy Selling Rattle Markets
plunging close to one percent amid rising global uncertainty and mounting trade-related concerns. The S&P BSE Sensex fell by more than 700 points during afternoon trade to hover around the 84,300 mark, while the NSE Nifty50 slipped over 225 points to trade near 25,915. Weak sentiment spread across sectors, dragging frontline stocks as well as the broader market lower, reflecting heightened investor caution. Market participants attributed the decline to a combination of weak glob
PM Modi Says India Won’t Depend On Anyone, Pushes Swadeshi Goods Amid US Tariff War
Prime Minister Narendra Modi sent a strong message of economic self-reliance while inaugurating the Uttar Pradesh International Trade Show in Greater Noida. Against the backdrop of a tariff war with the United States, Modi said that “India is not ready to be dependent on anyone.” He urged traders and manufacturers to embrace the vision of Atmanirbhar Bharat by focusing on local production and promoting swadeshi goods.
PM Modi Says India Won’t Depend On Anyone, Pushes Swadeshi Goods Amid US Tariff War
Prime Minister Narendra Modi sent a strong message of economic self-reliance while inaugurating the Uttar Pradesh International Trade Show in Greater Noida. Against the backdrop of a tariff war with the United States, Modi said that “India is not ready to be dependent on anyone.” He urged traders and manufacturers to embrace the vision of Atmanirbhar Bharat by focusing on local production and promoting swadeshi goods.
Trump Wishes PM Modi On 75th Birthday Amid Trade Tensions And Renewed Negotiations
Prime Minister Narendra Modi received birthday wishes from US President Donald Trump ahead of his 75th birthday, even as India and the United States grapple with trade tensions. In a message on X, Modi thanked Trump for his greetings and reiterated his commitment to strengthening the India-US Comprehensive and Global Partnership. He also expressed support for Washington’s initiatives to resolve the Ukraine conflict through peaceful means.
Trump Wishes PM Modi On 75th Birthday Amid Trade Tensions And Renewed Negotiations
Prime Minister Narendra Modi received birthday wishes from US President Donald Trump ahead of his 75th birthday, even as India and the United States grapple with trade tensions. In a message on X, Modi thanked Trump for his greetings and reiterated his commitment to strengthening the India-US Comprehensive and Global Partnership. He also expressed support for Washington’s initiatives to resolve the Ukraine conflict through peaceful means.
US pushes G7 to impose tariffs on Russian oil buyers India and China
The United States has renewed its push for a tougher global stance against Russia’s energy exports, urging its Group of Seven partners to impose coordinated tariffs on countries that continue purchasing Russian oil. During a virtual call with G7 finance ministers, Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer emphasized that only a unified approach targeting energy revenues could weaken Moscow’s ability to finance its war
US pushes G7 to impose tariffs on Russian oil buyers India and China
The United States has renewed its push for a tougher global stance against Russia’s energy exports, urging its Group of Seven partners to impose coordinated tariffs on countries that continue purchasing Russian oil. During a virtual call with G7 finance ministers, Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer emphasized that only a unified approach targeting energy revenues could weaken Moscow’s ability to finance its war
Centre Plans Relief Package For Exporters Impacted By US Tariffs After GST Rationalisation
With the rationalisation of the Goods and Services Tax (GST) completed, the Indian government is preparing a targeted relief package for exporters impacted by steep US tariffs. According to official sources, the Centre is working on a set of schemes designed to help sectors that have been hit hardest by the 50 per cent import duties imposed by President Donald Trump, which included a 25 per cent penalty linked to India’s Russian oil purchases.
Centre Plans Relief Package For Exporters Impacted By US Tariffs After GST Rationalisation
With the rationalisation of the Goods and Services Tax (GST) completed, the Indian government is preparing a targeted relief package for exporters impacted by steep US tariffs. According to official sources, the Centre is working on a set of schemes designed to help sectors that have been hit hardest by the 50 per cent import duties imposed by President Donald Trump, which included a 25 per cent penalty linked to India’s Russian oil purchases.
Russian Oil Discounts Increase for India as US Tariffs Target Oil Imports
Russia is offering India bigger oil discounts, with the price of its Ural grade oil dropping to a discount of $3 to $4 per barrel, as reported by Bloomberg. The price reduction applies to cargoes expected to load in late September and October, reflecting Moscow’s efforts to maintain its oil trade with India amid rising tensions with the US. India has become a significant importer of Russian crude oil, especiall
Russian Oil Discounts Increase for India as US Tariffs Target Oil Imports
Russia is offering India bigger oil discounts, with the price of its Ural grade oil dropping to a discount of $3 to $4 per barrel, as reported by Bloomberg. The price reduction applies to cargoes expected to load in late September and October, reflecting Moscow’s efforts to maintain its oil trade with India amid rising tensions with the US. India has become a significant importer of Russian crude oil, especiall
PM Modi Urges India and China to Join Forces for Global Economic Stability
Prime Minister Narendra Modi has emphasized the importance of India and China coming together to bring stability to the global economic order, particularly in the face of the volatility created by US President Donald Trump’s tariff measures. In an interview with the Japanese daily Yomiuri Shimbun, PM Modi pointed out that as the two largest economies in Asia, India and China must work in harmony to ensure both regional peace and global economic stabilit
PM Modi Urges India and China to Join Forces for Global Economic Stability
Prime Minister Narendra Modi has emphasized the importance of India and China coming together to bring stability to the global economic order, particularly in the face of the volatility created by US President Donald Trump’s tariff measures. In an interview with the Japanese daily Yomiuri Shimbun, PM Modi pointed out that as the two largest economies in Asia, India and China must work in harmony to ensure both regional peace and global economic stabilit









