Tariffs News Updates

“I believe the tariff on copper we’re going to make it 50%,” President Donald Trump said when asked by a reporter what the rate on those products would be.

President Donald Trump said he would not offer any extensions to a new Aug. 1 deadline for nations to begin paying so-called reciprocal tariffs.

Here's a look at the 14 countries that received letters from President Donald Trump outlining higher tariffs they’ll face if they don’t make trade deals with the U.S. by Aug. 1.

The letters issued July 7 so far appeared to largely be a novel method of again punting a looming July 9 deadline for so-called “reciprocal” tariffs until at least the beginning of August.

U.S. officials signaled that trading partners will have until Aug. 1 before the tariffs kick in. Trading partners face a July 9 deadline to reach a deal.

Nike will face pressure to raise prices higher than expected after the U.S. and Vietnam reportedly reached a new trade agreement that boosts tariffs, according to an analyst.

Canada’s share of exports destined for the U.S. shrank to the smallest proportion since at least 1997, excluding the COVID pandemic. Shipments to other countries reached a new high.

President Donald Trump’s trade deal with Vietnam targets practices China has long used to skirt U.S. tariffs: the shifting of production to Southeast Asia and the “origin washing” of exports.

Canadian Prime Minister Mark Carney met with automotive executives July 2 to discuss how to help auto plants that have been choked by U.S. tariffs.

Top Chinese electric vehicle maker BYD has shelved plans to build a major plant in Mexico over geopolitical tensions and uncertainty stemming from President Donald Trump’s trade policies.