Category Archives: Trump tariffs

White House to end US tariff exemption for all low-value overseas packages

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Under Trump order, parcels valued at or under $800 outside of international postal network to face ‘all applicable duties’

The United States is suspending a “de minimis” exemption that allowed low-value commercial shipments to be shipped to the United States without facing tariffs, the White House said on Wednesday.

Under an executive order signed by Donald Trump on Wednesday, packages valued at or under $800 sent to the US outside of the international postal network will now face “all applicable duties” starting on 29 August, the White House said.

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President Lula hits back as Trump tariffs threaten US-Brazil trade showdown

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Luiz Inácio Lula da Silva says he won’t be cowed by Trump ahead of 50% tariffs set to hit Brazil

Brazil’s president, Luiz Inácio Lula da Silva, has said he does not fear getting on the wrong side of Donald Trump, as South America’s largest economy braces for the introduction of 50% tariffs.

Trump announced plans to slap Brazil with tariffs on 1 August earlier this month, partly in retaliation for a supposed political “witch-hunt” against his far-right ally Jair Bolsonaro. The former Brazilian president faces decades in jail for allegedly plotting a military coup to stop Lula from taking office after the former lost the 2022 presidential election.

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US and China poised to extend tariff truce after failing to find resolution at talks

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Trump will need to approve pause, say US representatives after negotiations end with sides failing to break deadlock on trade terms

US and Chinese negotiators have agreed in principle to push back the deadline for escalating tariffs, although America’s representatives said any extension would need Donald Trump’s approval.

Officials from both sides said after two days of talks in Stockholm that while had failed to find a resolution across the many areas of dispute they had agreed to extend a pause due to run out on 12 August.

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John Swinney urges Trump to exempt scotch whisky from 10% tariffs

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First minister says there is ‘window of opportunity’ as he holds talks with US president at Aberdeenshire golf resort

Scotland’s first minister has urged Donald Trump to exempt scotch whisky from 10% tariffs as the leaders met before a lavish opening ceremony for a second golf course at the US president’s Aberdeenshire resort.

John Swinney said he believed there was “a window of opportunity” to look at the specific tariff, which is believed to be costing the scotch whisky industry £4m a week.

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Von der Leyen ducks Trump’s trade blitz – but deal exposes EU’s faultlines

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Europe may have staved off an economic clash, but the compromise leaves the bloc facing higher tariffs and internal discord

There is no doubt that Ursula von der Leyen was under intense pressure on Sunday when she sat next to Donald Trump in the ballroom at his Turnberry golf course before what EU officials knew would be a gruelling round of trade talks.

As the European Commission president emerged less than an hour later to announce that the worst of Trump’s tariff threats had been avoided, the recriminations from inside the EU began almost immediately.

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European Central Bank keeps interest rates on hold despite sluggish growth

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Central bank shuns calls to reduce borrowing costs as higher US tariffs loom

The European Central Bank has kept interest rates on hold as figures showed the eurozone economy maintaining a slow pace of economic growth.

In what was widely expected to be a pause before further cuts later in the year, the Frankfurt-based central bank shunned calls to reduce the cost of borrowing and held its main interest rate at 2% and the deposit rate at 2.15%.

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Trump announces Japan trade deal as doubt cast over future of PM Ishiba

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Tokyo’s failure to secure a US deal sooner had caused political unease and economic uncertainty in Japan

Donald Trump has announced a trade deal with Japan, potentially resolving weeks of fraught negotiations between the two allies which had caused economic uncertainty in Tokyo and mounting speculation about the future of the prime minister, Shigeru Ishiba.

“We just completed a massive deal with Japan,” the US president announced in a post online, adding: “Japan will invest, at my direction, $550 billion dollars into the United States.”

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Rubio moves to strip US visas from eight Brazilian judges in Bolsonaro battle

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Move by Marco Rubio is latest attempt by Trump administration to help former president avoid justice over alleged coup

The US secretary of state, Marco Rubio, has reportedly stripped eight of Brazil’s 11 supreme court judges of their US visas as the White House escalates its campaign to help the country’s former president Jair Bolsonaro avoid justice over his alleged attempt to seize power with a military coup.

Bolsonaro, a far-right populist with ties to Donald Trump’s Maga movement, is on trial for allegedly masterminding a murderous plot to cling to power after losing the 2022 election to his leftwing rival, Luiz Inácio Lula da Silva. Bolsonaro is expected to be convicted by the supreme court in the coming weeks and faces a jail sentence of up to 43 years.

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Trump threatens to impose drug and chip tariffs as soon as 1 August

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US president talks of low tariff to give pharmaceutical firms a year or so to build, and then making it ‘very high’

Donald Trump has threatened to impose tariffs on pharmaceutical products and semiconductors as soon as 1 August, the latest deadline for the introduction of his “reciprocal” levies on individual countries.

The US president told reporters late on Tuesday the taxes on drug imports could be announced “probably at the end of the month, and we’re going to start off with a low tariff and give the pharmaceutical companies a year or so to build, and then we’re going to make it a very high tariff”.

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Trump says Indonesia to pay 19% tariffs, buy 50 Boeing jets under trade deal

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Rate is significantly below the 32% the US president had threatened but timeline for implementation of deal remains unclear

US President Donald Trump says he has struck a trade pact with Indonesia resulting in significant purchase commitments from the south-east Asian country, after negotiations to avoid steeper tariffs.

Indonesian goods entering the United States would face a 19% tariff, Trump said in a post on his Truth Social platform. This is significantly below the 32% level the president earlier threatened.

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China’s economy beats expectations in face of Trump’s trade war

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GDP grows 5.2% in second quarter as world’s second largest economy ‘front-loads’ shipments before tariffs kick in

China’s economy grew more strongly than expected in the second quarter as it proved resilient in the face of Donald Trump’s trade war.

China’s gross domestic product (GDP) grew 5.2% in April to June compared with a year earlier, slowing from 5.4% in the first quarter, but just ahead of analysts’ expectations for a rise of 5.1%.

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Trump’s latest tariffs ‘are real’ unless deals improve, economic adviser says

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Kevin Hassett says talks are ‘ongoing’ after US president announced 30% tariffs on goods from EU and Mexico

Donald Trump has seen some trade deal offers and thinks they need to be better, Kevin Hassett, the White House economic adviser, said on Sunday, adding that the president will proceed with threatened tariffs on Mexico, the European Union and other countries if they don’t improve.

“Well, these tariffs are real if the president doesn’t get a deal that he thinks is good enough,” Hassett told ABC’s This Week program. “But you know, conversations are ongoing, and we’ll see where the dust settles.“

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Macron calls on EU to ‘defend European interests resolutely’ from Trump tariffs

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French president says bloc should be ready for trade war after 30% tariff threat but other EU leaders call for calm

The French president, Emmanuel Macron, has called on the EU to “defend European interests resolutely” after Donald Trump threatened to impose 30% tariffs on nearly all imports from the EU.

It came as the EU moved to de-escalate tensions after the blunt move by Trump on Saturday. The bloc declared a further pause on €21bn of retaliatory tariffs until 1 August, dovetailing with the US president’s new deal deadline.

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Trump’s 10% tariff on most UK goods ‘here to stay’, says Lord Mandelson

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British ambassador to US believes universal levy unlikely to change but there is ‘scope’ for negotiations in some sectors

The 10% tariffs on most UK goods imported into the US are likely “here to stay”, according to Lord Mandelson.

The British ambassador to the US said the “universal 10% tariff” was unlikely to change but that there was “scope” for negotiations in different sectors and industries, such as technology.

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EU will be reeling over how to tackle trade talks after Trump’s 30% tariff threat

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Bloc had already backtracked from tough talk to seeking a bare bones deal – but US president has turned tables again

Second-guessing Donald Trump is a fool’s errand.

But Saturday’s shock threat to impose tariffs of 30% on the EU is a blow to the bloc’s confidence, which had already secretly capitulated during negotiations with diplomats revealing they had to sacrifice trade for the wider prize of security and defence of the continent.

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Donald Trump announces 30% tariffs on goods from the EU and Mexico

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The president made the announcement on social media, even as the EU was hoping for a trade agreement

Donald Trump announced on Saturday that goods imported from both the European Union and Mexico will face a 30% US tariff rate starting 1 August, in letters posted on his social media platform, Truth Social.

The tariff assault on the EU came as a shock to European capitals as the European Commission and the US trade representative Jamieson Greer had spent months hammering out a deal they believed was acceptable to both sides.

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Enduring confusion is the only certainty amid Trump’s latest tariff threats

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Experts suspect ‘frontloading’ of activity may have masked deeper impact of tariffs on the US economy

“There has been no change to this date, and there will be no change,” Donald Trump said on his Truth Social platform this week. “All money will be due and payable starting AUGUST 1, 2025 – no extensions will be granted.”

There had, in fact, been a change. The 90-day “pause” on the highest tariffs threatened by Trump on his so-called “liberation day” in April, elapsed on Wednesday. But with just three trade agreements in place, instead of the 300 once promised, the White House had switched one deadline for another.

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Shunned Myanmar leader thrilled at US contact after Trump tariff letter

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Min Aung Hlaing expresses ‘sincere appreciation’ for letter from US president threatening 40% tariff

Myanmar’s military leader has praised Donald Trump and asked him to lift sanctions, as the junta sought to capitalise on a tariff letter from the US president believed to be Washington’s first public recognition of its rule.

Min Aung Hlaing, who has been in power since a 2021 coup, expressed his “sincere appreciation” for Trump’s letter, which threatened a tariff of 40% on its goods, and commended the US president for his “strong leadership” and for guiding the US “toward national prosperity with the spirit of a true patriot”.

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US will impose 35% tariffs on Canadian imports, Trump says in letter

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New levies, apart from the 25% on auto parts and 50% on steel and aluminum, will come into effect on 1 August

Donald Trump has said the US will impose a 35% tariff on imports from Canada next month and threatened to impose blanket tariffs of 15% or 20% on most other trade partners.

In a letter released on his social media platform, Trump told Mark Carney, the Canadian prime minister, the new rate would go into effect on 1 August and would increase if Canada retaliated.

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Trump announces 50% tariff on Brazil, citing a ‘witch-hunt’ against Bolsonaro

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Latest threats heighten fears that the president’s erratic trade strategy risks exacerbating inflation across the US

Donald Trump announced on Wednesday that his administration will hit Brazil with a 50% tariff on products sent to the US, tying the move to what he called the “witch-hunt” trial against its former president, Jair Bolsonaro.

Posting letters on Truth Social, the US president had earlier in the day targeted seven other countries – the Philippines, Brunei, Moldova, Algeria, Libya, Iraq and Sri Lanka – for stiff US tariffs on foreign exports starting on 1 August.

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