International trade
US President Donald Trump has signed an executive order doubling the tariff on Indian exports to 50%, in response to New Delhi's continued purchase of oil from Russia. The decision is set to potentially close the American market to a significant portion of Indian exports, sparking a sharp
Tariffs
US President Donald Trump has signed an executive order imposing a 25 percent tariff on imports from India, effective August 7, citing the country's continued purchase of oil from Russia. This new measure follows a previous tariff announced on July 31, effectively doubling duties on Indian imports within
Exports
The Swiss government has expressed concern over the 39 percent additional tariffs imposed on the country by the US, which came into force on Thursday. The tariffs, announced by US President Donald Trump on July 31, are among the highest globally and have triggered backlash from various Swiss industries. The
Tariffs
US President Donald Trump signed an executive order imposing an additional 25% tariff on India due to its continued purchase of Russian oil. This decision is part of the US efforts to counter the Russian Federation's aggression in Ukraine and impose economic consequences on the Russian Federation for
Tariffs
North Carolina State University experts warn that impending domestic price hikes are likely to be swift and large, surpassing 25% due to the interconnected global supply chains. The imposition of tariffs by the United States and reciprocal actions by other countries will have significant effects on labor markets, companies, and
Tariffs
Brazilian President Luiz Inácio Lula da Silva's government has petitioned the World Trade Organization (WTO) for consultations to address steep tariffs imposed by the United States. The 50% tariff, Slapped by US President Donald Trump, is the highest imposed on any country since August. The move is a
Tariffs
President Trump's announcement of Japan's agreement to open its market to more American cars was met with skepticism from trade experts, who question how much of an effect this will have on US automakers' sales. The deal, which was announced in exchange for a 15
Tariffs
Senior Liberal cabinet ministers have defended Canada's approach to trade talks with the US, citing the country's unique relationship with its southern neighbor. Finance Minister François-Philippe Champagne and Foreign Affairs Minister Anita Anand met with Mexican President Claudia Sheinbaum, who secured a 90-day extension on US
Tariffs
Tensions have escalated in the US-India trade talks as President Trump accused India of aiding Moscow's war on Ukraine by purchasing Russian energy. The move has dropped like a "stink bomb" in the two countries' trade negotiations, with India calling the demand "outrageous and
Tariffs
As Prime Minister Mark Carney prepares to meet with Canadian premiers to discuss the country's response to US tariffs, Ontario Premier Doug Ford has warned that the trade war is hurting American businesses and workers. In a press conference, Ford cited statistics showing the US auto industry has
Tariffs
A Nelson Mandela Bay engineering company, ROVD, has suspended a major factory build and implemented a four-day work week, anticipating significant job losses and potential offshore manufacturing due to 30% export tariffs imposed by US President Donald Trump. The company, which has been a stalwart of the automotive manufacturing industry
Tariffs
Chinese Foreign Minister Wang Yi reaffirmed his country's commitment to cooperating with Brazil in the face of "arbitrary" US tariffs, emphasizing that Brazil has the right to development and should not be subject to bullying practices through tariffs. This stance comes in the wake of US
