The Trump administration is still debating the significantly higher tariff rates that American companies and foreign firms are expected to be subject to within a matter of hours.
The president stopped short of putting a 50 percent tariff on refined copper, as he had threatened earlier this year. The market reaction was swift anyway and prices tumbled.
A copper refinery in Montreal earlier this month. President Trump’s executive order imposes a 50 percent tariff on certain imported products made with copper.
The president said Wednesday that imports from India would be subject to a 25 percent tariff as of Friday, as trade talks between the countries hit a stumbling block.
Jamieson Greer, left, the U.S. trade representative, and Treasury Secretary Scott Bessent met for trade talks in May with He Lifeng, China’s vice premier for economic policy, in Geneva. The delegations will meet again this week in Sweden.
The United States and the European Union agreed to a 15 percent base tariff after weeks of negotiations, which were among the Trump administration’s most difficult discussions.
President Trump will decide how to use the $550 billion that the Japanese government agreed to invest as part of its trade deal with the United States.
The key to clinching a trade deal between the United States and Japan appeared to be President Trump’s agreement to lower tariffs for Japanese cars to 15 percent, a rate that would have been shocking not long ago.
President Trump said on Tuesday that the trade deal he struck with one of America’s closest allies would impose a 15 percent tariff on Japanese exports.
The administration provided some insight into the terms that were agreed upon between Indonesia and the United States, hinting at how other vague and hastily negotiated deals may turn out.
The administration provided some insight into the terms that were agreed upon between Indonesia and the United States, hinting at how other vague and hastily negotiated deals may turn out.
President Trump announced that he had secured a deal with the country that will leave a 19 percent tariff in place, though no details were immediately available.
President Trump announced that he had secured a deal with the country that will leave a 19 percent tariff in place, though no details were immediately available.
The Trump administration has dialed back aggressive measures against China and reversed its position on technology controls as the president angles for a Chinese trip later this year.
Treasury Secretary Scott Bessent, left, and Jamieson Greer, the U.S. trade representative, second from right, meeting with Chinese officials in Geneva in May.
The Trump administration has dialed back aggressive measures against China and reversed its position on technology controls as the president angles for a Chinese trip later this year.
Treasury Secretary Scott Bessent, left, and Jamieson Greer, the U.S. trade representative, second from right, meeting with Chinese officials in Geneva in May.
The United States has begun investigating Brazil’s trade practices and “anti-corruption interference,” after the president’s criticisms of Brazil’s treatment of Jair Bolsonaro, a Trump ally.
Jamieson Greer, the U.S. trade representative, said he was beginning the investigation “into Brazil’s attacks on American social media companies as well as other unfair trading practices that harm American companies, workers, farmers and technology innovators.”
President Trump said the agreement would partly walk back some of the steep tariffs he threatened on the country last week. Indonesia’s president called Mr. Trump a “tough negotiator.”
The United States has begun investigating Brazil’s trade practices and “anti-corruption interference,” after the president’s criticisms of Brazil’s treatment of Jair Bolsonaro, a Trump ally.
Jamieson Greer, the U.S. trade representative, said he was beginning the investigation “into Brazil’s attacks on American social media companies as well as other unfair trading practices that harm American companies, workers, farmers and technology innovators.”
President Trump argues that low tariffs have left the country at a disadvantage in the past, allowing Americans to import cheap products that put U.S. factories out of business and left the country dependent on foreign nations.
President Trump argues that low tariffs have left the country at a disadvantage in the past, allowing Americans to import cheap products that put U.S. factories out of business and left the country dependent on foreign nations.
Blunt letters dictating terms posted to social media and changes late in negotiations have left trading partners wondering what President Trump will do next.
The border crossing to Canada from Point Roberts, Wash. Tariffs of 35 percent on Canadian goods, if applied widely, could cause serious harm to Canada’s export-dependent economy.