Trade

Brussels, Aug. 27, 2025 – The European Union said on Wednesday it will seek to fast track removal of all tariffs on US industrial goods by the end of the week, after the US and the EU established in written framewor for the trade deal agreed to in late July. President Trump requested that tariffs be removed before the US lower its duties on the bloc’s auto exports. his latest move by the EU follows Trump’s warning on Monday that he could impose new tariffs and export limits on advanced …

Washington, Aug. 12, 2025 – US President Donald Trump has extended his tariff truce on China for another 90 days, according to US media outlets. Trump reportedly signed an executive order on Monday, just hours before the last agreement between the world’s two biggest economies was due to expire, delaying the implementation of his sweeping tariffs by the same duration they were initially paused for The previous agreement was set to expire just past midnight on Tuesday. The new order will prevent tariffs on Chinese goods entering the United States …

Islamabad, Aug. 8, 2025 – President Donald Trump’s new higher tariffs on imports from dozens of countries took effect on Thursday. The average US import duty rose to its highest level in a century, ranging from 10% to 50%. This sudden increase surprised major trading partners like Brazil, India, and Switzerland, who continue to negotiate for better deals. Despite diplomatic efforts, many countries remain defiant and concerned about the economic impact. Trump announced a 50% tariff on goods from Brazil and India, 39% on Swiss goods, and 35% on Canadian …

Washington, Aug. 7, 2025 – Higher US tariffs came into effect for dozens of economies Thursday, drastically raising the stakes in President Donald Trump’s wide-ranging efforts to reshape global trade. As an executive order signed last week by Trump took effect, US duties rose from 10 percent to levels between 15 percent and 41 percent for a list of trading partners. Many products from economies like the European Union, Japan and South Korea now face a 15-percent tariff, even with deals struck with Washington to avert steeper threatened levies. But …

Beijing, Aug. 7, 2025 – China’s exports continued to accelerate in July as a fall in shipments to the United States was offset by growth in a range of markets including Africa, Europe and Latin America, with chip exports surging by nearly 30 per cent year on year. The world’s largest goods exporter saw outbound shipments rise by 7.2 per cent year on year to US$321.8 billion last month, according to customs data released on Thursday. The figure was higher than the 5.8 per cent growth rate recorded in June …

Pakistan, Aug. 7, 2025 – US President Donald Trump has announced plans to raise tariffs on India “very substantially” within the next 24 hours, criticizing New Delhi’s purchase and resale of Russian oil. Trump expressed frustration over India’s growing trade with Russia, saying such actions support the “war machine” and cannot be ignored by the United States. Speaking in an interview, Trump claimed India imposes the highest tariffs globally and has not been a fair trading partner. While India recently offered the US zero tariffs under a new deal, Trump …

Washington, Aug. 6, 2025 – As the United States ramps up tariffs on major trading partners globally, President Donald Trump is also disrupting strategies that could be used — by Chinese companies or others — to circumvent them. Goods deemed to be “transshipped,” or sent through a third country with lower export levies, will face an additional 40-percent duty under an incoming wave of Trump tariffs Thursday. The latest tranche of “reciprocal” tariff hikes, taking aim at what Washington deems unfair trade practices, impacts dozens of economies from Taiwan to …

Johannesburg – South Africa is seeking new markets in Africa and Asia as it negotiates with the United States over looming 30-percent trade tariffs, which could cost around 30,000 jobs, officials said Monday. Government ministers expressed frustration with the United States over the tariff — among those due to take effect against several countries later this week — saying South African exports do not compete with US industry and were only a fraction of that country’s total imports. The 30-percent tariff is the highest in sub-Saharan Africa and comes as …

Washington, Aug. 1, 2025 – US President Donald Trump signed an executive order that imposed new tariffs on dozens of countries, which will go into effect in seven days, a deadline that has been delayed by a week so that the tariff schedule could be updated. To many, the tariff hikes do not come as a suprise, as the Republican President initially announced them in April. Trump had set a minimum 10% tariff on every country in the world and additional levies on dozens deemed the worst offenders, citing deficits …

Washington, July 31, 2025 – Donald Trump unleashed a series of tariff deals and demands on the eve of his Friday deadline, including surprises on India and copper as the US president attempts to create a new global trade order. Trump on Wednesday announced tariffs of 15% on imports from South Korea that matched the rate for neighbor Japan, and a painful 25% levy on imports from India that was accompanied by criticism of its purchases of Russian energy and weapons. Deals were also in the offing for Thailand and …