TRUMP TARIFFS
Mark Carney says Canada's economic ties with US are a weakness that must be corrected
Canada's close economic ties with the United States are now a weakness, according to Prime Minister Mark Carney. He announced efforts to strengthen Canada's economy by attracting new investments and signing trade deals with other nations. Carney emphasized the need for Canada to rely less on a single foreign partner.
Trump tariffs refunds start from Monday. Check timings, online portal, who can apply
Trump Tariffs Refunds: Importers and their brokers will be able to begin claiming refunds through an online portal.
As Iran war strains ties with Trump's US, UK looks to Europe
Britain's government is set to announce legislation next month to move the country closer to the European Union, as the Iran war sours the UK's so-called special relationship with the United States. "When the relationship with the United States is fracturing, it means there's reduced opposition to a closer relationship with the EU among the public," said Aspinall. pdh/jkb/rmb/jhb
Iran war has revealed Trump's pressure point: the economy
Iran's actions in the Strait of Hormuz have revealed a key vulnerability for President Trump. The conflict has led to rising energy costs and inflation, impacting American consumers. This economic pressure is forcing Trump to seek a diplomatic solution. Adversaries like Russia and China are observing these developments.
US weighs tougher auto import rules to accelerate reshoring
The Donald Trump administration is considering changes to North American trade rules that could raise tariffs on imported vehicles and push automakers to increase US-based production.
EU trade surplus shrinks 60% as US exports fall due to tariffs
The European Union's trade surplus saw a major drop in February. Exports to the United States fell by over a quarter. This decline is linked to US import tariffs on EU goods. Overall EU exports decreased, while imports also reduced. This situation impacts trade relations between the EU and the US.
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Tariff Refund System explained: What it means for consumers as US begins $166 billion payback and who is eligible
The launch of the Tariff refund system represents a significant administrative and legal milestone. It resolves a contentious policy chapter while injecting liquidity back into the corporate sector. Yet, the broader economic impact remains mixed.
Trump's top aide says US blockade 'squeezing economic life' out of Iran, reiterates anti-nuclear stance
White House Deputy Chief of Staff for Policy and Homeland Security Advisor Stephen Miller said that the United States' naval blockade against Iran in the Persian Gulf is "squeezing the economic life" out of the Islamic Republic, while reiterating Washington's firm opposition to Tehran acquiring nuclear weapons as part of the deal to achieve a complete end to the hostilities in West Asia.
Most Trump tariff refunds facing denial if importers don’t opt in
Most US importers who paid $166 billion in tariffs later struck down by the Supreme Court may miss out on refunds because they have not registered for electronic payments, the government told a court.
Indian envoy to US meets US Trade Representative amid talks on finalising trade deal
India’s Ambassador to the US Vinay Mohan Kwatra met top American officials to advance talks on a bilateral trade agreement, as both sides refine key terms. With tariffs and global trade rules shifting, a deal is expected once the US finalises its new tariff framework.
India trade delegation to visit US for BTA talks, first in-person meeting since October
An Indian trade team led by Darpan Jain will visit the US from April 20–22 for talks on a bilateral trade agreement, the first in-person meeting since October. Officials said the deal is being recalibrated amid changing tariff conditions, while India also rejected US allegations in a Section 301 probe.
India stands by trade pact with US, trade negotiators to visit Washington next week
An Indian trade delegation will visit the US to discuss a bilateral trade agreement. Negotiations will focus on recalibrating the deal due to recent tariff changes. India aims to secure favorable terms and commitments. This engagement follows a call between Prime Minister Modi and President Trump. Discussions will also cover trade issues and investigations.
India unveils a power-packed FTA calendar: UK, Oman, New Zealand deals next
In 2026, India will embark on an ambitious journey to amplify its role in global commerce. The commencement of pivotal free trade agreements with the United Kingdom and Oman, alongside an impending partnership with New Zealand, highlights India's strategic focus on fostering robust international connections. This proactive approach demonstrates the nation's dedication to turning diplomatic negotiations into thriving economic collaborations.
Indian official team to visit Washington next week for trade talks
An Indian delegation is heading to Washington next week for crucial trade talks. The meeting focuses on an interim trade agreement between India and the US. This pact was delayed due to changes in US tariff policies. The US has imposed new tariffs affecting global trade partners.
Trump’s tariff rates could be restored by July, says US Treasury Secretary Scott Bessent
US Treasury Secretary Scott Bessent said tariffs introduced by Donald Trump could return to earlier levels by early July, despite a setback in the US Supreme Court that struck down parts of the policy.
It’s not just war and inflation dragging Trump and Republicans down
As Donald Trump’s current administration unfolds, he is aggressively advocating for a series of contentious policies that appear to be at odds with public sentiment. This stark contrast to the more favorable reception of his earlier economic strategies raises alarm bells for Republican supporters, presenting formidable challenges as they brace for the election season ahead.
European Union agrees to double steel import tariffs to 50% to curb cheap inflows from China
The European Union has agreed to double steel import tariffs to 50% and cut duty-free quotas to curb a surge in cheap imports, largely from China. The move aims to protect domestic producers amid falling output and rising imports.EU Trade Commissioner Maros Sefcovic said the step is key to safeguarding industrial strength, while industry body Eurofer said it could help protect 230,000 jobs.
West Asia War: Trump says 50% tariff threat on aiding Iranian military applies to China too as peace talks stall
West Asia War: United States President Donald Trump has issued a stern warning. He stated that any nation providing military aid to Iran will face severe economic consequences. These penalties will include substantial tariffs of up to 50% on all goods exported to America. This threat now explicitly includes China. The president emphasized there will be no exceptions to this policy.
US Israel-Iran War Day 44: Iran warns against US pressure over Strait of Hormuz tensions
Israel Iran War Day 44 News: Iran has issued a strong warning against external pressure. This comes amid reports of a US naval blockade order. Peace talks held in Pakistan have reportedly failed. The discussions centered on Iran's nuclear ambitions and access to the Strait of Hormuz. Russia has offered to mediate in the Middle East conflict.
Iran war diverts US military and attention from Asia ahead of Trump's summit with China's leader
Fifteen years after a pivot to Asia was declared, the U.S. remains entangled in Middle East conflicts, diverting military assets and attention from China's growing influence. This distraction raises concerns about regional stability and the ability to counter Beijing's ambitions, particularly regarding Taiwan. The ongoing demands of Middle East engagements are impacting U.S.
US trade court weighs legality of Trump 10% global tariff
A U.S. trade court will review a 10% global import tax enacted by the Trump administration. Several states and small businesses argue this tax, imposed under the Trade Act of 1974, illegally bypasses a Supreme Court ruling that limited presidential tariff authority. The administration defends the tariffs as a response to trade deficits.
Is the world finally going to tariff big tech?
The WTO failed to renew its long-standing moratorium on tariffs for e-commerce, ending a near 30-year consensus that kept digital trade duty-free. This opens the door for countries to consider taxing cross-border digital services such as software and streaming.
Trump warns of 50% tariffs on nations supplying weapons to Iran
United States President Donald Trump has issued a stern warning. Any nation supplying military weapons to Iran will face an immediate 50 percent tariff on all goods sold to America. This move comes as Trump's administration is also reportedly discussing tariff and sanctions relief with Iran.
US envoy to India meets Trump, discusses 'strong future of India-US ties'
US Ambassador to India, Sergio Gor, attended a White House dinner with President Trump, discussing US-India ties and global stability. Gor also met with Commerce Secretary Howard Lutnick to boost AI and pharma cooperation, and FBI Director Kash Patel to enhance efforts against transnational threats. He further engaged with Vice President JD Vance on bilateral relations.
US rejects aluminum tariff relief request from Ford, WSJ reports
The U.S. government has rejected requests from Ford Motor and other automakers for relief from aluminum tariffs, despite supply disruptions caused by fires at Novelis’ Oswego plant in New York, according to a Wall Street Journal report.
Trump pushes pharma tariffs, but exemptions limit impact
The United States has introduced tariffs on branded drug imports. However, many exemptions will limit their effect. Companies investing in US manufacturing and nations with trade agreements are exempt. This move aims to boost domestic production. Generics are not affected. Indian companies exporting branded medicines to the US will need to assess the new rules.
Tariffs hit hard, but this Chinese factory found a way to thrive
Trump tariffs China manufacturing: US tariffs initially disrupted Agilian Technology's operations, freezing orders and causing inventory buildup. However, China's retaliatory measures and a manufacturing rebound in late 2025 allowed the electronics maker to recover. While exploring diversification, Agilian found China's established supply chains and lower costs indispensable.
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