trade policy
Trump Extends Auto Tariff Relief While Implementing New Truck Import Duties
Oct 18, 2025 01:37 pm CST
President Donald Trump has signed an executive order extending tariff relief for automakers importing vehicle parts while imposing a new 25% tariff on imported trucks and parts. The order maintains a 3.75% offset program for U.S.-assembled vehicles until 2030 while creating special provisions for vehicles qualifying under the USMCA trade agreement, impacting trade relations with Mexico and Canada.
Trump-Xi Trade Tensions Escalate: Rare Earth Restrictions and Tariff Threats Reshape US-China Relations
Oct 14, 2025 05:32 pm CST
US-China trade tensions have intensified as Presidents Trump and Xi engage in a high-stakes standoff over tariffs and rare earth minerals. With each side waiting for the other to make concessions, global markets remain on edge while Treasury Secretary Bessent attempts to arrange high-level talks. The dispute involves China's new restrictions on rare earth exports and Trump's threats of 100% tariffs, with significant implications for global supply chains and economic stability.
Trump's 45% Lumber and Furniture Tariffs: Impact on US Housing Market and International Trade Relations
Oct 14, 2025 01:46 pm CST
President Trump's new tariffs on imported wood, furniture, and kitchen cabinets have taken effect, raising duties on Canadian lumber to 45% and introducing tariffs of 25-50% on furniture and cabinets. Industry experts warn these measures will increase home construction costs by approximately $2,200 per unit, further challenging an already struggling housing market while significantly impacting trade relationships with Canada, Vietnam, and other major exporters.
China Defies Trump's 100% Tariff Threat: Escalating Trade Tensions and Rare Earth Dispute
Oct 13, 2025 01:07 am CST
China refuses to back down against President Trump's threatened 100% tariffs, declaring it's "not afraid" of a trade war. The dispute centers on China's rare earth export restrictions, with both nations accusing each other of violating their trade truce. Vice President JD Vance defends the US position while China calls for negotiation over threats, highlighting the critical role of rare earth minerals in global supply chains and national security.
Trump Announces 100% Tariffs on Chinese Goods Following Rare-Earth Export Controls
Oct 11, 2025 01:07 pm CST
US President Donald Trump has announced a 100% tariff on all Chinese goods starting November 1, following Beijing's export controls on rare-earth minerals. This major trade war escalation has already impacted global markets, with the Dow falling nearly 900 points as Washington and Beijing head toward another high-stakes confrontation that could reshape global trade patterns.
Economist Gita Gopinath's Analysis Reveals Trump Tariffs Delivering Negative Results for US Economy
Oct 08, 2025 10:51 am CST
Former IMF Chief Economist Gita Gopinath has conducted a six-month assessment of President Trump's controversial tariff policies, concluding they have primarily functioned as a tax on American businesses and consumers while failing to improve manufacturing or trade balance. Her analysis reveals these protective measures have increased inflation in certain sectors without delivering the promised economic benefits, adding expert validation to growing concerns about the administration's aggressive trade approach.
Trump Imposes 100% Tariffs on Foreign Films and Furniture to Boost US Manufacturing Industries
Sep 29, 2025 10:13 pm CST
President Trump announces significant tariff measures, including 100% tariffs on foreign-made films and substantial duties on imported furniture, aiming to revitalize US manufacturing sectors. These protectionist policies target industries where American jobs have declined significantly, with particular focus on Hollywood film production and furniture manufacturing in states like North Carolina.
Trump Announces 100% Tariff on Pharmaceutical Imports Unless Companies Build US Manufacturing Plants
Sep 26, 2025 11:42 am CST
President Donald Trump has announced 100% tariffs on pharmaceutical imports effective October 1, 2025, with exemptions for companies actively constructing manufacturing facilities in the US. The policy could significantly impact India's pharmaceutical sector, which exports over $3.6 billion in products to the US annually. This move follows recent 50% tariffs imposed on India for purchasing Russian oil, as bilateral trade negotiations continue.
"To Make It Harder For Russians": JD Vance On Trump's Tariffs On India
Aug 25, 2025 11:12 am CST
US President Donald Trump's punitive 50 per cent tariffs on imports from India were meant to get an "aggressive economic leverage" for forcing Russia to stop bombing Ukraine, according to American Vice President JD Vance.
"Risks Years Of Work": US Senator Slams Donald Trump Over 50% Tariff On India
Aug 08, 2025 11:38 am CST
Senior US Congressman Gregory Meeks has slammed President Donald Trump for his punitive tariffs against India over its import of Russian oil.