US EditionTrading Partners, Private Sector Confront Reality of Trump's Tariffs
DISTRICT OF COLUMBIA, UNITED STATES, AUG 2 – The tariffs target India amid stalled trade talks over agriculture and Russian oil imports, with analysts predicting a potential 30% drop in Indian exports, according to the Global Trade Research Institute.
- On Friday, President Trump announced seven bilateral trade deals as new universal tariff rates were formally set in Washington, beginning a new trade order.
- These actions follow months of tariff extensions and reductions intended to encourage partner negotiations, but uncertainty and economic headwinds have complicated the process.
- The Labor Department reported a July loss of 11,000 manufacturing jobs, revised job totals downward by over 250,000 for May and June, and an unemployment rate rose to 4.2%, while firms stockpile inventory to offset tariff-induced inflation.
- Senator Coons warned that if stock market, jobs, and inflation data worsen in coming weeks, Trump may alter tariff policy, while small retailers, represented by NRF's David French, express concern over unsustainable tariffs threatening their business.
- These developments suggest escalating tariffs risk increasing costs for working families and delaying economic growth, raising questions about the sustainability of the administration’s trade approach.
12 Articles
12 Articles
Trump's tariffs are already changing global trade
The Trump administration is imposing tariffs on allies and adversaries alike—15% on the EU, 50% on Brazil, 25% on India. America has become the main driver of global economic uncertainty and increasingly seen as an unreliable trade partner. So what can countries do? They adapt. If they can’t trade through Washington, they’ll try trading around it. On Ian Explains, Ian Bremmer breaks down the new global trade map as allies negotiate their own all…
Trading partners, private sector confront reality of Trump's tariffs
WASHINGTON, DC - JULY 31: U.S. President Donald Trump (C) speaks during an executive order signing ceremony in the Roosevelt Room of the White House on July 31, 2025 in Washington, DC. Standing with Trump are (L-R) US Treasury Secretary Scott Bessent, Secretary of Education Linda McMahon, Commerce Secretary Howard Lutnick, Vice President JD Vance, Kansas City Chiefs kicker Harrison Butker, WWE Chief Creative Officer Paul “Triple H” Levesque, and…
Indian textile industry voices concern over sudden change in US tariff rates | Trade Data News India
Stakeholders in the textile industry have expressed alarm over the recent increase in US duties on imports of textiles and clothing, stating that the action may hurt export competitiveness and halt trade momentum at a time when India is increasing its international trade activities. S K Sundararaman, the chairman of the Southern India Mills’ Association […] The post Indian textile industry voices concern over sudden change in US tariff rates app…
India–US trade war: Sector-wise fallout and what’s next for Indian exports
New Delhi: The fragile architecture of global trade was dealt a fresh blow on July 31, 2025, when the United States, under President Donald Trump, announced a steep 25% reciprocal tariff on Indian goods. The new tariff, taking effect August 7, is not a standalone measure; it is accompanied by the threat of further penalties, specifically linked to India’s deepening crude oil and defence ties with Russia. This, for India, is not just another chap…
Trump’s Tariffs Hits 69 Trading Partners, Escalating Global Trade War And Impacting GDP Forecast
WASHINGTON, D.C. — Late on Thursday, US President Donald Trump officially put a 25% tariff on Indian goods. This was a big step up in his global trade war. It was part of a big executive order that struck dozens of trading partners with additional taxes. This decision, which took effect as the Friday deadline drew near, has had an impact on financial markets all over the world. The Republican government moved forward with a trade policy that was…
But Wait, Tariffs Bad?
by Karl Denninger Market-Ticker.org Hmmmm….. GDP came in at materially above expectations, a 3% annual rate. For those who are unaware GDP is calculated as: GDP = C + G + I + (X – I) In other words, Consumption plus Government plus Investment plus (eXports – Imports) So “rushing ahead” to import things before a tariff takes effect depresses GDP. Tariffs themselves are economically neutral; they increase costs for the person who pays them but the…
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