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Trump rejigs tariff rates ahead of deadline, levies 40% duties on all transshipped goods

U.S. President Donald Trump points a finger as he delivers remarks in the Roosevelt Room at the White House in Washington, D.C., U.S., July 31, 2025. Kent Nishimura | Reuters U.S. President Donald Trump signed an executive order Thursday that confirmed “reciprocal” tariffs on dozens of countries, with updated duties ranging from 10% to 41%. … Read more

Akazawa sees a deal with U.S. sparing Japan from higher car levies

Japan’s top trade negotiator expects a trade deal with the U.S. to spare Tokyo from higher auto tariffs, even if US President Donald Trump decides to increase them against other nations. “We are in bilateral negotiations with the U.S.,” Ryosei Akazawa said Friday as he left for Washington for his sixth round of trade talks … Read more

QVC CEO downplays tariff panic with silver lining, saying ‘all retailers are experiencing this together’ and the levies ‘shouldn’t preference’ one company over another

If there’s any consolation to President Donald Trump’s steep tariffs that have rocked the markets and spurred recession fears, QVC CEO David Rawlinson II suggested he may have found it. As the shopping network prepares to weather Trump’s—including a 145% tax on most imports from China—Rawlinson said QVC is prepared to adapt and at the … Read more

U.K. PM Starmer confirms Trump’s 10% levies will hurt the British economy: ‘Nothing is off the table’

UK Prime Minister Keir Starmer told business chiefs at his Downing Street office on Thursday that “clearly there would be an economic impact” from a 10 percent tariff imposed on British exports to the United States. “Last night the president of the United States acted for his country, and that is his mandate. Today, I … Read more

UK escapes worst of Trump’s tariff wrath but says levies are ‘threat’

US President Donald Trump inspects a Guard of Honour at Buckingham Palace on June 3, 2019 in London, England. Toby Melville | Getty Images U.K. Business Secretary Jonathan Reynolds said the country faces a “threat” to its open economy from any global fallout from Trump’s new tariffs regime, which included a baseline 10% “reciprocal” tariff … Read more

Analysts react to latest U.S. levies

Charts that show the “reciprocal tariffs” the U.S. is charging other countries are on display at the James Brady Press Briefing Room of the White House on April 2, 2025 in Washington, DC.  Alex Wong | Getty Images U.S. President Donald Trump on Wednesday laid out the “reciprocal tariff” rates that more than 180 countries and territories … Read more

Will European cars be exempt from 25% levies?

Volkswagen ID.7 electric cars are seen at the Volkswagen (VW) electric fleet lead plant in Emden, Germany, Feb. 18, 2025.  Carmen Jaspersen | Reuters Automakers Volkswagen and Stellantis have confirmed that their vehicles made in North America will be exempt from U.S. President Donald Trump’s newly rolled out 25% tariffs, while BMW says it will … Read more

Asian currencies weaken as U.S. dollar strengthens after Trump levies tariffs

Nurphoto | Nurphoto | Getty Images Asian currencies weakened sharply Monday as the U.S. Dollar rallied after U.S. President Donald Trump slapped tariffs on several countries over the weekend. The dollar index — which measures the value of the greenback against several major global currencies — spiked 1.11% to 109.58. The Chinese offshore yuan dropped … Read more

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