Tag Archives: Tariffs

Trump hikes India tariffs to 50% for buying Russian oil

Trump hikes India tariffs to 50% for buying Russian oil

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 …

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Trump raises India tariffs to 50% over Russian oil purchases

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 …

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How Trump’s ‘secondary tariffs’ on Russia could hit global economy

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 …

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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 …

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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

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California wine industry torn on Trump tariffs

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 …

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Republicans fear Trump tariffs are cutting into economy

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 …

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Whitmer is trying to leverage her relationship with Trump again — this time on tariffs and Medicaid

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 …

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How many Canadian and Mexican goods are shielded from Trump’s new tariffs

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 …

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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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