President Donald Trump announced on Monday that any country trading with Iran will face a 25% tariff on U.S. imports from that nation, as Washington evaluates its response to ongoing anti-government protests in Tehran, the largest in decades. “Effective immediately, any country doing business with the Islamic Republic of Iran will pay a Tariff of …
The United States will press its allies to move faster in reducing reliance on China for rare earths and other critical minerals. Treasury Secretary Scott Bessent will lead talks with senior finance officials this week, a U.S. official said. The meeting begins with a dinner on Sunday and continues on Monday. It will include ministers …
Company executives, customs brokers, and trade lawyers are preparing for a potential Supreme Court ruling on the legality of President Donald Trump’s global tariffs, which could trigger a fight over up to $150 billion in refunds for duties already paid. The tariffs, imposed under the International Emergency Economic Powers Act (IEEPA) of 1977, have faced …
Switzerland may need to get used to U.S. tariffs, a top Swiss trade negotiator said Tuesday. The statement follows a new deal that aligns Swiss tariffs with those of the European Union. In August, President Donald Trump imposed a 39% tariff on Swiss goods, the highest in Europe. Last month, Bern and Washington agreed to …
China imported no soybeans from the United States for the second consecutive month in October, even as its overall soybean imports rose to a monthly record driven by massive purchases from South America. Data released Thursday by the General Administration of Customs showed U.S. soybean imports dropped to zero, compared to 541,434 metric tons in …
China on Thursday accused the United States of stirring unnecessary alarm over its rare earth export controls. The country also rejected Treasury Secretary Scott Bessent’s critical remarks about top Chinese trade negotiator Li Chenggang. The official People’s Daily released a seven-point rebuttal, defending Beijing’s measures. U.S. officials had suggested that removing the controls could prevent …
President Donald Trump on Thursday unveiled a sweeping round of new tariffs targeting key imports, including branded pharmaceuticals, heavy-duty trucks, and furniture, in what he described as a move to safeguard U.S. manufacturing and national security. The measures, announced on Trump’s Truth Social handle, include a 100% duty on branded drugs, 25% on heavy-duty trucks, …
The United States expects to seal trade deals with more Southeast Asian countries in the coming months, U.S. Trade Representative Jamieson Greer said Wednesday during a meeting with regional counterparts in Kuala Lumpur. Greer told economic ministers from the 10-member Association of Southeast Asian Nations (ASEAN) that negotiations on tariff rates are progressing, with some …
By Esther Ososanya President Donald Trump’s steep new tariffs, some reaching 50%, hit U.S. trading partners with full force Thursday, triggering global fallout, defiant rhetoric, and scrambling negotiations from allies caught off guard. With duties now at their highest in a century, countries like Brazil, Switzerland, India, and Canada are reeling, while others race to …
