International economic relations
As President Donald Trump's aggressive trade policy continues to shape the global economic landscape, the US has seen a dramatic rise in tariff revenue, exceeding last year's entire collection. According to reports, the US treasury recorded over $87 billion in tariff revenue through June, surpassing the
International economic relations
As US President Donald Trump announced revised trade policies, sending shockwaves across the globe, Pakistan emerged as the biggest beneficiary in South Asia, seeing its tariff rate slashed from 29% to 19%. In sharp contrast, India faces a potential 25% tariff rate and additional penalties due to its trade with
Tariffs
As the 2025 Las Vegas Market summer show drew to a close, exhibitors and manufacturers voiced growing concern over the impact of U.S. tariffs on global supply chains and small businesses. The escalating tariff hikes, proposed by President Donald Trump, have disrupted long-standing supply chains, threatening the viability of
Tariffs
President Trump's new trade deals with Japan and the European Union are creating a complex landscape for the automotive industry, with foreign automakers potentially incentivized to import more cars to the U.S. rather than building plants in America. This approach contradicts Trump's goal of strengthening
Tariffs
The National Foreign Trade Council (NFTC) has voiced its concerns over the initial framework of the trade deal announced by the Trump Administration with the European Union. According to NFTC Vice President for Global Trade Policy Tiffany Smith, the deal's tariff implications, including a 15% tariff rate on
European Union
The recent trade agreement between the European Union (EU) and the United States has been welcomed by the European automobile industry as a significant step towards resolving long-standing trade tensions. The agreement, reached after years of disputes over tariffs on steel and aluminum, commits both sides to stronger cooperation and
European Union
The trade deal between the U.S. and the European Union is set to impose a 15% tariff on U.S.-bound imports of branded drugs from Europe, potentially costing the industry between $13 billion and $19 billion. This development threatens to drive up prices and limit access to essential
Tariffs
The European Union and the United States have agreed to a trade deal that will ease uncertainty in transatlantic trade relations. The agreement, while welcome, retains higher tariffs on automobiles and automotive parts, which will continue to negatively impact industries in both the EU and the US. The European Automobile
Tariffs
A bipartisan group of Senators, led by Senator Susan Collins (R-Maine), has introduced legislation to exempt small businesses in the United States from tariffs imposed on Canadian imports. The Creating Access to Necessary American-Canadian Duty Adjustments (CANADA) Act aims to shield small businesses from unnecessary economic harm caused by tariffs,
European Union
The European Union (EU) and the United States (US) have finally reached a trade deal after months of tensions and tariffs. The agreement came after a series of negotiations and counter-tariffs, which saw the EU impose duties on US imports such as bourbon and motorbikes in response to the US
European Union
A new trade agreement has averted a potential trade war between the European Union (EU) and the United States (USA), but a 15 percent tariff on imports from the EU to the USA still poses a significant threat to certain sectors. The Confederation of Industry's Lukas Martin warns
Tariffs
President Trump's new trade policy, announced on Wednesday, has left Minnesota farmers worried about another backlash. The tariffs, which will increase prices for hundreds of imported goods, will particularly harm U.S. farmers, who rely on foreign markets to sell their surplus. Minnesota farmers like Bob Worth, who
