US EditionLatest Trump Tariffs Unlikely to Budge, Top Negotiator Says
UNITED STATES, AUG 2 – President Trump’s new tariffs on 69 countries aim to protect US businesses by imposing rates from 10% to 41%, despite ongoing legal challenges and market uncertainty.
- Trump threatened a 25% tariff on Indian imports unless India reduces its business with Russia, igniting significant political backlash in India.
- Analysts warn that Trump's tariffs could significantly affect Indian exports, potentially reducing growth by 40 basis points next year.
- Jamieson Greer stated that most tariff rates are set, and he expressed confidence in the administration's trade strategy despite ongoing legal challenges.
- Opposition leader Rahul Gandhi criticized the handling of trade, stating that the government has damaged India's economic and foreign policies.
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94 Articles
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NY Daily NewsMore unlawful tariffs: Trump has no authority to institute damaging trade barriers
On Friday, Donald Trump followed up a concerning jobs report with massive new global tariffs, driving markets down and once more raising prices on consumers for no reason after weeks of supposed trade negotiations. Like with his first round of import duties, announced in the Rose Garden on his ludicrous April 2 “Liberation Day,” these tariffs are not only chaotic and destructive, but they’re illegal. The president is leaning on a 1977 law meant …
Shopper demand on much-needed appliances outweigh tariff concerns, as Trump's trade war heats up
Hanna Roesch, who lives in Barrington, was shopping at Abt Electronics for a new dryer after her 10-year-old machine overheated. The timing is less than ideal, as shoppers face higher prices due to tariffs. President Donald Trump announced last week a slew of new tariffs on more than 60 countries, which is expected to go into effect Friday. Goods that are already on ships before the deadline and reach the U.S. before Oct. 5 will not be subject t…
Donald Trump’s new tariffs are “practically definitive” and the possibility of immediate renegotiation is ruled out, said the US trade representative, who also defended his country’s president’s trade measures against Brazil. “These tariffs are practically definitive,” Jamieson Greer said in a pre-recorded interview broadcast on Sunday by CBS. When asked about possible negotiations to reduce them, Greer estimated that it is unlikely that they wi…
Trump tariff rates unlikely to change, says US trade advisor
WASHINGTON, United States – New US tariff rates are “pretty much set” with little immediate room for negotiation, Donald Trump’s trade advisor said in remarks aired Sunday, also defending the president’s politically driven levies against Brazil. Trump, who has wielded tariffs as a tool of American economic might, has set tariff rates for dozens of
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