The change surprised executives and foreign leaders, who had been expecting the 15 percent rate the president announced on Saturday.
Category: United States International Relations
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Trump Administration Scrambles to Pick Up the Pieces of Broken Tariffs
President Trump is already working to piece his tariff program back together, after a Supreme Court ruling ruptured a centerpiece of his economic agenda.
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U.K., Australia and Others Worse Off Under Trump’s New Tariffs
Many important U.S. trading partners are facing higher duties after President Trump, reacting to a Supreme Court setback, set the rate on a new set of global tariffs at 15 percent.
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Supreme Court Justices Strike Down Trump’s Tariffs
President Trump is the first to invoke the International Emergency Economic Powers Act of 1977 to set tariffs on imported goods from more than 100 countries.
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Jittery Markets Seek an Iran ‘Off-Ramp’
Oil prices spiked and stocks fell as tensions between Washington and Tehran unnerved investors.
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Trump Mulls a North American Trade Pact Without Canada
U.S. officials are threatening major changes to a trade agreement with Mexico and Canada that could upend the way business is done and leave Canada on the outs.
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Europe Worries Trump Poses Threat to Its Financial and Tech Sovereignty
European leaders have been compelled to address the possibility of once-remote risks to the financial networks and technology that undergird their economies.
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India’s Prime Minister Faces Blowback Over Trade Deal With Trump to Lower Tariffs
Prime Minister Narendra Modi won a big reduction of sky-high tariffs, but critics say he undermined Indian sovereignty and undercut the nation’s farmers.
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In a Bid to Kick-Start Growth, Britain Turns to China
Buffeted by tariffs and trade tensions, Prime Minister Keir Starmer took British business leaders to China and emerged with deals on visas and Scotch whisky, as well as pledges to deepen ties.
