US President Donald Trump has issued an executive order hitting India with an additional 25% tariff over its purchases of Russian oil. That will raise the total tariff on Indian imports to the United States to 50% – among the highest rates imposed by the US. The new rate will come into effect in 21…
Canada’s U.S. trade minister Dominic LeBlanc told “Face the Nation with Margaret Brennan” that while the country was disappointed that President Trump has levied a 35% tariff, “We believe there is a great deal of common ground between the United States and Canada in terms of building two strong economies that work well together.” He…
Trade minister Parks Tau South Africa faces a 30% tariff on its exports to the US starting next week, a move expected to cost tens of thousands of jobs after the country failed to secure a trade deal before a deadline set by US President Donald Trump. In an executive order on Thursday, Trump slapped…
Natalie Sherman Business reporter, in New York Watch: Trump defends firing of Bureau of Labor Statistics head over “wrong” numbers US President Donald Trump said he would fire the head of the agency charged with publishing some of America’s most closely watched economic data, after a weaker-than-expected jobs report stoked further alarm about his tariff…
During a recent earnings call, Apple CEO Tim Cook revealed that tariffs imposed by the Trump administration could add an estimated $1.1 billion to the company’s costs in the September quarter. This comes after Apple reported spending $800 million on tariffs in the June quarter, which was slightly less than the $900 million it had…
With the 1 August deadline upon us and no trade agreement yet, experts agree that relations between South Africa and the US would need a reset and cool heads to negotiate. With hours to go before US President Donald Trump’s tariffs are expected to come into effect, South Africa announced “urgent interventions” to support exporters…
Cape Town — The U.S. administration eased its proposed tariffs on trade with several African countries, but charges of up to 30% will kick in on imports from four countries in the coming days. The biggest beneficiary of the Trump administration’s rethink of its policy since its initial announcement of new tariffs in April is…
Oral arguments over United States President Donald Trump’s power to impose tariffs have kicked off before a US appeals court after a lower court ruled he had exceeded his authority by imposing sweeping new levies on imported goods. The appeals court judges on Thursday sharply questioned whether what Trump calls his “reciprocal” tariffs, announced in…
U.S. President Donald Trump shakes hands with European Commission President Ursula von der Leyen, after the announcement of a trade deal between the U.S. and EU, in Turnberry, Scotland, on July 27, 2025. Evelyn Hockstein | Reuters President Donald Trump announced Sunday that the U.S. reached a trade deal with the European Union, following pivotal…
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