In a surprising development that underscores the Trump administration’s tough stance on trade loopholes, two remote Antarctic territories—Heard Island and McDonald Islands—have been included in a list of regions subject to a 10% U.S. tariff.
Taiwanese President William Lai Ching-te is pushing for zero tariffs and deeper trade cooperation with the United States in response to new tariffs announced by President Donald Trump. Trump’s move slapped a 32% tariff on nearly all Taiwanese exports except semiconductors, sparking sharp criticism from Taipei and setting the stage for major shifts in U.S.-Taiwan trade policy.
Jaguar Land Rover (JLR), the UK-based luxury car manufacturer owned by India's Tata Motors, has announced a temporary halt on shipments of its British-made vehicles to the United States.
President Donald Trump praised Britain’s current leadership for maintaining a constructive relationship with the United States amid sweeping new tariffs.
Wall Street suffered its worst collapse since the COVID-19 pandemic on Friday after China matched President Donald Trump’s sweeping tariff increases, triggering fears of a deepening trade war. The S&P 500 plunged 6 percent, the Dow Jones dropped 2,231 points, and the Nasdaq shed nearly 6 percent—marking the worst weekly decline since March 2020.
California Governor Gavin Newsom (D) has called for the state to pursue "strategic" relationships with world leaders, urging them to make a retaliatory tariff exception for California exports.
In a notable challenge to President Donald Trump's trade policies, the Senate passed a resolution on April 2 aiming to terminate the emergency declaration that facilitated tariffs on Canadian imports.
President Donald Trump will unveil a sweeping tariff plan on Wednesday, April 2, 2025, during a Rose Garden event marking what he has called "Liberation Day." The announcement is expected to introduce reciprocal tariffs aimed at countering foreign trade practices that have harmed American industries for decades.
