Trump hiked tariff on Brazil
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Stocktwits on MSNTrump Slaps Sri Lanka With 30% Tariffs, Warns Against Retaliatory LeviesPresident Donald Trump on Wednesday slapped 30% tariffs on goods exported from Sri Lanka to be imported into the United States, adding the country to a growing list of territories impacted by the Trump administration’s tariff war.
Nissan Motor has announced a suspension of US production for three of its vehicle models specifically designated for the Canadian market.
India plans to impose retaliatory tariffs on US products, responding to American duties on steel and aluminium that impact $7.6 billion of Indian exports.
Nissan Motor has suspended U.S. production of three vehicle models for Canada amid mutual tariffs imposed by the U.S. and Canada on auto imports, the automaker said.
The European Union reported major progress in trade talks, signaling a deal with the U.S. may be imminent before a freshly revised Aug. 1 deadline.
U.S. President Donald Trump has cautioned Indonesia against imposing retaliatory tariffs in response to the 32% reciprocal tariff he has implemented.
China warned the Trump administration on Tuesday against reigniting trade tension by restoring tariffs on its goods next month, and threatened to retaliate against nations that strike deals with the United States to cut China out of supply chains.
There are now at least 21 nations expecting tougher US tariffs from 1 August, unless they can negotiate an exemption by then.