Trump trade policy
US Trade Deficit Narrows to Three-Year Low Following Trump's Tariff Implementation
Dec 12, 2025 02:56 am CST
The US trade deficit unexpectedly contracted to $52.8 billion in September 2023, reaching its lowest level since the COVID-19 pandemic in 2020, as exports rose 3.0% while imports increased just 0.6% following the implementation of President Trump's new tariffs targeting major trading partners including the EU, Japan, and China.
Supreme Court to Decide Future of Trump's Tariff Strategy as Foreign Policy Tool
Nov 03, 2025 10:37 am CST
The Supreme Court is hearing arguments on President Trump's unprecedented use of tariffs as both an economic and foreign policy instrument. This pivotal case examines whether Trump exceeded his authority under the International Emergency Economic Powers Act by imposing tariffs without congressional approval, potentially reshaping presidential trade powers and foreign policy leverage for years to come.
Indian Solar Manufacturers Adapt Supply Chains to Navigate US Tariff Challenges
Oct 18, 2025 02:44 am CST
Indian solar manufacturers like Vikram Solar and Waaree Energies are strategically reconfiguring their supply chains to maintain access to the US market despite Trump's 50% tariffs imposed on August 27. By sourcing solar cells from countries with lower duty rates and ensuring China-free production lines, these companies are working to minimize tariff impacts while fulfilling their US orders, demonstrating the industry's resilience and adaptability in the face of international trade barriers.
Trump's Commerce Secretary: "US Will Have To Fix India" Amid Escalating Tariff Tensions
Sep 28, 2025 03:25 pm CST
US Commerce Secretary Howard Lutnick states that America needs to "fix" trade relations with several countries, including India and Brazil, demanding they open markets and stop harmful policies. Following Trump's 50% tariff on Indian imports, trade talks have resumed with a delegation led by India's Commerce Minister Piyush Goyal visiting Washington to negotiate a potential agreement.
Trump's 100% Pharmaceutical Tariffs Face EU Resistance Citing Trade Deal Immunity
Sep 26, 2025 08:44 pm CST
President Trump has announced steep new tariffs on pharmaceuticals and other imported goods, with the EU claiming immunity under a previous trade agreement. The measures include a 100% tariff on pharmaceutical products, 25% on heavy trucks, and significant tariffs on furniture and kitchen products. These protectionist policies aim to rebuild US manufacturing but have sparked concerns about inflation and supply chain disruptions among international allies and trading partners.
Indian Generic Medicines Unaffected by Trump's 100% Pharmaceutical Import Tariff
Sep 26, 2025 05:57 pm CST
President Trump's new 100% tariff on pharmaceutical imports targets only patented and branded products, leaving Indian generic medicines unaffected according to the Indian Pharmaceutical Alliance. With Indian companies supplying 47% of US pharmaceutical needs and generating $219 billion in healthcare savings in 2022 alone, industry leaders remain confident in their market position as they continue providing affordable medications to American consumers.