Category Archives: Trump tariffs

Trump administration proposes 25% tariffs on Brazil despite US trade surplus

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US claims world’s 10th-biggest economy engages in ‘unreasonable’ trade practices that ‘restrict US commerce’

The Trump administration proposed 25% tariffs on imports from Brazil, charging that the world’s 10th-biggest economy engages in trade practices that are “unreasonable’’ and that “burden or restrict US commerce”.

Luiz Inácio Lula da Silva said he received the decision “with indignation”. The Brazil president also blamed the decision by the US administration on his rival in October’s elections, Flávio Bolsonaro, the senator who visited Washington last week. The senator is the son of former president Jair Bolsonaro, once nicknamed “the Trump of the Tropics” by his allies.

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What was actually achieved at Trump and Xi’s ‘stalemate summit’ in Beijing?

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US president has said he and Chinese leader ‘settled a lot of different problems’ but has given little detail on solutions

Donald Trump’s whirlwind trip to Beijing – the first US presidential visit in nearly a decade – wrapped up with much fanfare but little clarity about what was actually achieved.

Trump said on Friday he and Xi Jinping, China’s leader, “settled a lot of different problems that other people wouldn’t have been able to solve”. But he didn’t provide much detail on what those solutions were.

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Trump-Xi summit live: US president preparing to meet China’s leader with trade, Taiwan and the Iran war set to dominate talks

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Ahead of the crucial talks, security has been heightened in Beijing, with the US president set to meet Xi at the Great Hall of the People

I’m now sitting in the press filing centre at the China World Hotel in Beijing. Two American flags and a wooden lectern bearing a “United States embassy Beijing” seal stand on a black podium against a black curtain beneath a giant crystal chandelier.

There are TVs on either side of the podium: one showing CNN, the other Fox News. Sadly, that is as close as many reporters will get to seeing Xi Jinping and Donald Trump in action today.

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Trump gives EU until 4 July to ratify trade deal or face ‘much higher’ tariffs

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Trump sets Fourth of July deadline as he vents impatience at speed of EU’s implementation

Donald Trump has said the EU must ratify its trade deal with the US by 4 July or face “much higher” tariffs, after European officials fell short of agreement on the pact.

Trump said he spoke to the EU chief, Ursula von der Leyen, about the issue and, he posted on his Truth Social platform, “agreed to give her until our Country’s 250th Birthday or, unfortunately, their Tariffs would immediately jump to much higher levels”.

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US trade court rules against Trump’s 10% global tariffs

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Trump also issues new deadline for EU to implement trade deal terms before raising tariffs to ‘much higher levels’

The US trade court on Thursday ruled against Donald Trump’s latest 10% global tariffs, finding across-the-board tariffs were not justified under a 1970s trade law.

The US Court of International Trade ruled in favor of small businesses that challenged the tariffs, which took effect on 24 February. The ruling was 2-1, with one judge saying it was premature to grant victory to the small business plaintiffs.

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Trump says he will ‘probably put a big tariff on the UK’ if it doesn’t drop digital services tax

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US president accuses UK of thinking it can ‘make an easy buck’ from US tech companies, weeks after warning that UK–US trade deal can be changed

Donald Trump has threatened to impose tariffs on the UK if it does not drop its digital services tax on US social media firms.

The digital services tax, introduced in 2020, imposes a 2% levy on the revenues of several major US tech companies.

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Carney names broad team to advise on tense US-Canada trade talks

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Conservatives and former provincial premiers among those PM names to advisory committee on economic relations

Canada’s prime minister, Mark Carney, says his new advisory committee on economic relations with the United States will draw on the “best advice and the broadest perspectives” as the country braces for what many expect will be tense trade negotiations with its southern neighbour.

The 24-member advisory committee, announced on Tuesday, shows the prime minister’s eagerness to reach across the political spectrum to ensure Canada is “well positioned to advance its interests” at the looming trade talks.

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Mark Carney secures majority government in Canada after special election win

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Carney’s Liberals will now be able to pass legislation without the support of opposition parties – and govern until 2029

The Canadian prime minister, Mark Carney, has secured a parliamentary majority for his Liberal government, CBC News reported. The victory will help him push through a legislative agenda he says is needed for an increasingly divided geopolitical world.

Three special elections were held on Monday in Ontario and Quebec, with two in districts – known as ridings – that have long voted Liberal.

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Trump claims he has ‘absolute right’ to impose new tariffs after supreme court blow

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US supreme court has ‘ransacked’ the country, president argues, in wake of its ruling against his trade agenda

Donald Trump has claimed he has “the absolute right” to impose new tariffs after the US supreme court ruled many of the import duties he imposed last year were illegal.

The president attacked the court in a late night broadside on Sunday, accusing it of having “unnecessarily RANSACKED” the US – and failing to show him sufficient loyalty.

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New York and other US states sue Trump over ‘illegal and reckless’ tariffs

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Lawsuit says president does not have authority to impose levies and demands refunds from federal government

A coalition of Democratic attorneys general and governors across 24 US states are suing Donald Trump to block his latest round of tariffs.

The White House is planning to enact a new 15% tariff on all imports after the supreme court declared Trump’s “liberation day” tariffs illegal. The tariffs have yet to go into effect, though the White House said the new rate would start this week.

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Trump administration warns tariff refund process ‘will take time’

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DoJ says it will not ask US supreme court to rehear tariffs case despite president’s complaint on Truth Social

The Trump administration said refunds of tariffs struck down by the US supreme court “will take time”, according to court documents filed by the Department of Justice.

Businesses including FedEx have lined up to demand reimbursement for US tariffs they have paid but that the court last week deemed were imposed illegally, prompting heavy criticism from Donald Trump.

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FedEx sues US government, seeking ‘full refund’ over Trump tariffs

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Firm does not specify amount but seeks reimbursement after supreme court ruled against president last week

FedEx sued the US government on Monday, seeking a refund for the tariffs imposed by Donald Trump that were deemed illegal by the US supreme court last week.

The lawsuit marks the first attempt by a major company to receive reimbursement of their share of an estimated $175bn in levies after the highest court found Trump had overstepped his authority in issuing the tariffs. Other companies are expected to follow.

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Trump raises tariffs to 15% on imports from all countries

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President announced increase from 10% using different authority from mechanism that supreme court struck down on Friday

Donald Trump announced on Saturday that he would raise a temporary tariff rate on US imports from all countries from 10% to 15%, less than 24 hours after the US supreme court ruled against the legality of his flagship trade policy.

Infuriated by the high court’s ruling on Friday that he had exceeded his authority and should have got congressional approval for the tariffs he introduced last year under the International Emergency Economic Powers Act (IEEPA), the US president railed against the justices who struck down his use of tariffs – calling them a “disgrace to the nation” – and ordered an immediate 10% tariff on all imports, in addition to any existing levies, under a separate law.

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Furious Trump signs global 10% duty after supreme court issues tariff blow

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President calls six justices a ‘disgrace to the nation’ while praising three justices who dissented

Donald Trump on Friday railed against the supreme court justices who blocked his use of tariffs, calling them a “disgrace to the nation”, and later signing documents imposing a 10% tariff on all countries.

Trump said he would immediately sign an order increasing tariffs globally by 10% under section 122 of the Trade Act of 1974 and will begin investigations of unfair trade practices allowing further tariffs. He asserted that he had the authority to impose additional tariffs under existing statutes without congressional approval.

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Aston Martin issues another profit warning and sells F1 naming rights for £50m

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Struggling British carmaker says earnings for 2025 will be worse than City forecasts as US tariffs hit sales

Aston Martin has warned that its losses will be worse than expected and sold its permanent naming rights to its Formula One team, as the struggling British carmaker battles to stabilise its finances.

The luxury carmaker, majority-owned by the Canadian billionaire Lawrence Stroll, said its earnings for 2025 would be worse than City forecasts, its fifth profit warning since September 2024.

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Trump accused of caving to big business after deal to cut Swiss tariffs to 15%

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Rolex denies ‘any negotiation’ with US although luxury watchmaker entertained Trump and gave him gold clock

Donald Trump agreed to cut US tariffs on Switzerland from 39% to 15% as part of a new trade pact, lowering duties that strained economic ties and hit Swiss exporters.

The two countries have signed a “non-binding memorandum of understanding”, the Swiss government announced, following bilateral talks in Washington and intense lobbying by Swiss firms.

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Trump weighs giving Americans $2,000 from tariff revenues in bid for support

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Congressional approval would likely be required for plan to take effect, an idea Trump has floated before

Donald Trump on Sunday mused about giving most Americans $2,000 funded by tariff revenues collected by the president’s administration – an evident bid to rally public support on the issue.

“A dividend of at least $2000 a person (not including high income people!) will be paid to everyone,” Trump wrote on his Truth Social platform on Sunday.

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US supreme court hears oral arguments on legality of Trump imposing tariffs

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President’s tariffs are being scrutinized in crucial legal test of plan to impose duties on nearly every US trading partner

Donald Trump’s sweeping tariffs on the world are being scrutinized by the US supreme court today, a crucial legal test of the president’s controversial economic strategy – and his power.

Justices started to hear oral arguments this morning on the legality of using emergency powers to impose tariffs on almost every US trading partner.

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Canada budget adds tens of billions to deficit as Carney spends to dampen Trump tariffs effect

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Entitled ‘Canada Strong’ the 2025 budget envisions significant new defence spending, a reduction of the civil service and ‘generational investments’

A protracted trade war with the United States and a weakening domestic economy has forced Mark Carney to run a deficit tens of billions larger than initially forecast in his first-ever federal budget.

The spending plan, titled “Canada Strong” envisions significant new defence spending, a reduction of the country’s civil service and “generational investments” that would reshape the nature of the country’s economy.

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Malaysia defends Trump trade deal after critics warn it will compromise country’s sovereignty

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Former Malaysian prime minister Mahathir Mohamad said the deal amounted to ‘handing over’ the country’s independence

Malaysia’s government has been forced to defend its new trade deal with the US after opposition politicians, analysts and civil society groups warned that the deal was “one-sided” and could compromise the country’s sovereignty.

Investment, trade and industry minister Tengku Zafrul Aziz has called the trade deal “the best possible outcome for Malaysia.”

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