Browsing: US tariffs

TL;DR The US has exempted the UK from proposed trade tariffs on pharmaceuticals, easing prior concerns over export charges from…

President Trump has confirmed a 35% tariff on Canadian imports, set to take effect on 1 August, citing Canada’s failure to curb fentanyl smuggling and persistent trade imbalances.

President Trump has issued new tariff letters, announcing duties effective 1 August on exports from seven smaller nations, Brunei (25%), Moldova (25%), the Philippines (20%), Algeria (30%), Iraq (30%), Libya (30%), and Sri Lanka (30%), despite their relatively small trade volumes with the U.S.

China has strongly denounced President Trump’s threat to impose tariffs of up to 70 per cent on imports from key East Asian nations, including Japan, South Korea, Malaysia, Laos, Myanmar, Cambodia, Thailand and Indonesia.

(Friday 11 July 2025) – The US President has issued new steep tariffs on 14 countries, including Brazil, fueling fears of more trade wars over the summer.

Elon Musk has been in the news this week as he revealed his plans to start his own political party.

Earlier in the week, Trump had announced a delay to his tariff plans as he appeared to push for a global trade deal, but did threaten an extra 10% tariff on any country siding with the policies of the BRICS alliance.

As of Friday, 120 people are confirmed dead from the Texas floods, and at least 150 remain missing. Following the massive floods, more rain arrived, hampering rescue efforts.

President Trump has postponed the roll-out of planned tariffs, originally scheduled by July 9, to take effect on August 1 instead.

The long-awaited UK-US trade deal officially came into force, reducing tariffs on UK exports to the US and strengthening transatlantic economic ties.

Cliff Notes: Nike says Trump tariffs could cost it $1bn Nike estimates an additional $1 billion in costs this year…

In May, Chinese exports to the UK surged by 16.1% compared with the previous year, marking the highest monthly level since February 2022.

France and Germany have joined forces in calling for a measured yet assertive EU response to proposed U.S. tariffs on aircraft and aircraft parts, part of Washington’s broader 20% levies on EU imports.