President Donald Trump said he was doubling tariffs on India from 25% to 50%. In an executive order, Trump says “I find that the Government of India is currently directly or indirectly importing Russian Federation oil” and due to those purchases, imports of Indian goods into the United States “shall be subject to an additional … rate of duty of …
Read More »Tag Archives: Tariffs
Trump raises India tariffs to 50% over Russian oil purchases
US President Donald Trump meets with Indian Prime Minister Narendra Modi in the Oval Office of the White House in Washington, DC, on Feb. 13, 2025. Modi will try to rekindle his bromance with Donal Jim Watson | AFP | Getty Images The White House announced Wednesday that it is imposing an additional 25% tariff on India, bringing the total …
Read More »How Trump’s ‘secondary tariffs’ on Russia could hit global economy
Getty Images “I used trade for a lot of things, but it’s great for settling wars”, President Trump has said Despite being the world’s most sanctioned country, Russia has continued to use its vast energy wealth to bankroll its war in Ukraine. US President Donald Trump is hoping to change that. He has announced that sweeping new secondary tariffs will …
Read More »Trump threatens pharma tariffs of up to 250 percent – The Hill
Trump threatens pharma tariffs of up to 250 percent The Hill Trump says pharma tariffs could eventually reach up to 250% CNBC US trade gap skids to 2-year low; tariffs exert pressure on service sector Reuters Trump Ramps Up Tariff Blitz With India, Pharma, Chips in Sights Bloomberg.com Stock Market News, Aug. 5, 2025: Trump Says Chip, Pharma Tariffs Coming Soon; Nasdaq Drops The Wall …
Read More »U.S. trade deficit with China tumbles as Trump’s tariffs take off – Quartz
U.S. trade deficit with China tumbles as Trump’s tariffs take off Quartz US trade gap skids to 2-year low; tariffs exert pressure on service sector Reuters U.S. trade deficit hits a nearly 2-year low in June; China gap plunges CNBC U.S. Imports Slid in June on Higher Tariffs The New York Times Dow Jones Slips as Trade Deficit Slides to Multi-Year Low TipRanks Source link
Read More »California wine industry torn on Trump tariffs
By Levi Sumagaysay, CalMatters Jason Haas, owner of Tablas Creek Vineyard, stands amongst rows of grape vines at his vineyard in Paso Robles on July 30, 2025. Photo by Larry Valenzuela, CalMatters/CatchLight Local This story was originally published by CalMatters. Sign up for their newsletters. Tariffs on European wine could be good or bad for California wine producers, depending on …
Read More »Republicans fear Trump tariffs are cutting into economy
Republicans on Capitol Hill are feeling jittery about the economy after the latest jobs report showed the economy added far fewer jobs than previously estimated over the past three months. President Trump and his economic team insist the economy is going strong and poised for significant growth, but their bullish projections are meeting skepticism from some in the GOP who …
Read More »Whitmer is trying to leverage her relationship with Trump again — this time on tariffs and Medicaid
Facebook Tweet Email Link Democratic Michigan Gov. Gretchen Whitmer is trying to use her recent positive relationship with President Donald Trump to get some breaks for her state — on both tariffs and Medicaid changes. Whitmer met with Trump at the White House on Tuesday, where she laid out the negative impacts that tariffs would have on Michigan’s substantial auto …
Read More »How many Canadian and Mexican goods are shielded from Trump’s new tariffs
TORONTO (AP) — U.S. President Donald Trump raised the tariffs on Canadian goods to 35% last week, but a key exemption for Canada and Mexico shields the vast majority of goods from the punishing duties. Goods that comply with the 2020 United States-Mexico-Canada Agreement that Trump negotiated during his first term are excluded from the tariffs. Here’s a look at …
Read More »US trade gap skids to 2-year low; tariffs exert pressure on service sector – Reuters
US trade gap skids to 2-year low; tariffs exert pressure on service sector Reuters U.S. trade deficit hits a nearly 2-year low in June; China gap plunges CNBC U.S. Imports Slid in June on Higher Tariffs The New York Times US Trade Gap Narrows to Tightest Since 2023 on Drop in Imports Bloomberg.com Dow Jones Slips as Trade Deficit Slides to Multi-Year Low TipRanks Source …
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