Tariffs News Updates

President Donald Trump announced plans earlier this month to double tariffs on Indian goods from 25% to 50% over its purchases of Russian oil.

“We are looking, I hope, for an agreement that will put us in a better position than we are right now,” Dominic LeBlanc said Aug. 25 in a French-language radio interview.

Still, President Trump indicated that the agreement for a 15% tariff on South Korean imports would likely stick as is, despite Seoul’s efforts to secure better terms. 

The move by Switzerland’s national postal service follows President Donald Trump’s elimination of a tariff loophole for so-called “de minimis” merchandise.

Private trucking fleets serving many economic sectors have been operating in a highly uncertain business environment this year as trade negotiations and tariffs roil supply chains.

Following Powell’s remarks investors boosted bets that the Federal Open Market Committee would cut rates at their Sept. 16-17 meeting.

But the government is likely to keep 25% import taxes on U.S. steel and aluminum products, as well as its tariffs on U.S. automobiles.

As of Aug. 29, President Donald Trump is ending the de minimis exemption that has applied to more than 4 million parcels flowing through the U.S. each day, driven largely by e-commerce.

The two leaders talked about “trade challenges, opportunities, and shared priorities in a new economic and security relationship between Canada and the U.S.,” according to a statement.

The joint statement advances the preliminary deal announced a month ago, by including specific benchmarks for the EU to secure tariff discounts on cars, pharmaceuticals and semiconductors.