tariffs

Trump slaps tariffs on 80+ countries

The United States has imposed new tariffs ranging from 10 percent to 12.5 percent on imports from more than 80 countries, including Canada, Mexico, EU members, and China, U.S. President Donald Trump announced on July 24.

24 July, 09:46 PM

Russia to sharply raise duties on imported alcohol from ‘unfriendly’ countries

The Russian government plans to raise duties on spirits imported from so‑called “unfriendly” countries from the current EUR3 ($3.46) to EUR5 ($5.77) per liter of alcohol, effective May 1, Russian propaganda outlet Kommersant reported on March 27.

28 March, 12:22 AM

Trump announces new 10% global tariffs after Supreme Court ruling

U.S. President Donald Trump announced a 10% global tariff on imports after the Supreme Court ruled his April 2025 “Liberation Day” hike unlawful on Feb. 20, CNN reported.

20 February, 11:54 PM

U.S. Supreme Court rules Trump’s sweeping tariffs unlawful

The U.S. Supreme Court ruled that President Donald Trump violated federal law when he unilaterally imposed sweeping global tariffs under the International Emergency Economic Powers Act, CNN reported on Feb. 20.

20 February, 07:39 PM

Eight NATO nations react to Trump’s threat of new tariffs

Denmark, Finland, France, Germany, the Netherlands, Norway, Sweden and the United Kingdom issued a joint statement in response to U.S. President Donald Trump’s announcement of additional tariffs, according to a statement posted on the German government’s website on Jan. 18.

18 January, 06:04 PM

Japan rejects hiking tariffs at Washington’s behest

Resisting pressure from the United States, Japan will not raise punitive tariffs against countries buying Russian oil, Finance Minister Katsunobu Katō said Sept. 16, as reported by Bloomberg.

17 September 2025, 02:14 AM

Trump’s tariff war: Tech giant Philips cuts forecast losses after U.S.-EU deal

Dutch tech conglomerate Philips said it expects lower losses tied to U.S. tariffs next year, adjusting its projected costs down to €150 million–€200 million. The revision follows fresh trade agreements between the United States and both the European Union and China, Dutch outlet NOS reported on July 29.

30 July 2025, 11:20 AM

‘German economy will suffer’: Merz delivers mixed response to U.S.-EU trade deal

German Chancellor Friedrich Merz has warned that new U.S. tariffs on European Union goods will deal a major blow to Germany’s export-driven economy, even as he acknowledged that a better outcome was likely out of reach, Deutsche Welle reported on July 29.

29 July 2025, 02:22 PM

Trump’s trade war heats up: EU warns of mirror tariffs on U.S. goods

The European Union is preparing to impose retaliatory tariffs on American goods — including Boeing aircraft — if U.S. President Donald Trump maintains even a baseline 10% tariff on European exports, Bloomberg reported on June 24.

25 June 2025, 01:10 PM

Trump says he will announce new tariffs in two weeks

U.S. President Donald Trump plans to send letters to trade partners within one to two weeks outlining unilateral tariff rates ahead of the July 9 deadline for reimposing higher tariffs on dozens of countries, Bloomberg reported on June 11.

12 June 2025, 01:25 PM

EU to continue trade talks with U.S. beyond Trump’s July 9 deadline

The European Union believes trade talks with the United States may continue beyond the July 9 deadline set by President Donald Trump, despite the recent acceleration of negotiations, Bloomberg reported on June 11, citing sources familiar with the matter.

11 June 2025, 02:45 PM

Canada eyes new pipeline to cut U.S. oil reliance, boost exports

Canadian Prime Minister Mark Carney has proposed building a new oil pipeline to increase crude exports to foreign markets without relying on the United States — a plan tied to multibillion-dollar investments in green technologies aimed at reducing the environmental impact of the sector, Bloomberg reported on June 3.

8 June 2025, 01:48 AM

Historic import drop drives sharp decline in U.S. trade deficit as Trump tariffs take hold

The United States posted a record drop in its trade deficit, marking the sharpest decline since records began, Bloomberg reported on June 5.

6 June 2025, 10:58 AM

Trade war reignites as Beijing accuses U.S. of breaking tariff truce

Chinese authorities have accused the United States of violating a bilateral tariff agreement by introducing new export control rules on semiconductors and threatening to revoke student visas, moves they say harm China’s national interests, the Associated Press reported on June 2.

2 June 2025, 01:20 PM

Trump lays out condition for lifting import tariffs: ‘Come to America and build in America!’

U.S. President Donald Trump has laid out a key condition for countries seeking relief from import tariffs on April 21.

21 April 2025, 11:49 AM

Russia’s budget breaks as Trump’s trade war casts a long shadow

Falling oil prices are squeezing the already slowing economy of aggressor state Russia and threatening to cut its military budget, The Wall Street Journal reported on April 20, analyzing the indirect impact of U.S. President Donald Trump’s trade war despite no tariffs targeting Moscow.

20 April 2025, 05:40 PM

Economist: Trump misunderstands global trade

Donald Trump’s sweeping new tariff war isn’t going according to plan. Instead, it’s being undercut by forces he can’t control — the U.S. Treasury market. That’s the view of Ivan Kompan, a financier and founder of First Kyiv Investment Club, who broke down the market's reaction in a column for NV Business.

12 April 2025, 01:35 PM

Trump’s tariffs aren’t policy. They’re provocation.

Donald Trump’s latest tariff proposal may energize his political base, but it represents a perilous escalation of economic nationalism with global consequences. Rather than addressing the complexities of trade imbalances or modern manufacturing, the plan relies on blunt force: a 10% tariff on all imports, with steeper penalties on specific nations — including a 60% rate on Chinese goods and 20% on European imports.

4 April 2025, 12:39 PM

IMF flags Trump tariffs as global growth threat

The International Monetary Fund sees the new tariffs announced by US President Donald Trump as a serious threat to the global economy, said IMF Managing Director Kristalina Georgieva in a statement, according to Ukrinform.

4 April 2025, 10:16 AM

Trump’s trade storm hits Asia and beyond: No economy spared

U.S. President Donald Trump’s trade war, described by Reuters on April 3 as a “battle of one against all,” has within just 10 weeks of his presidency imposed reciprocal tariffs that hit China with a 34-percentage point increase, raising total new duties on exports from the People’s Republic by 54 percentage points.

3 April 2025, 12:26 PM

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