Trump plans to hike tariffs on Canadian goods to 35%
While multiple countries have received tariff letters this week, Canada—the United States’ second largest trading partner after Mexico— has become something of a foil to President Trump.
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Republicans urge Notre Dame, other universities to cut ties with China-backed scholarship program
Lawmakers called the program a threat to national security and a “nefarious mechanism” to steal technology for the Chinese government.
Trump announces 50 percent tariff on Brazil, citing former president’s trial
The tariff, effective Aug. 1, opens a new theater in Trump’s ongoing trade war, bringing into the fray Latin America’s largest economy, which had until now remained largely unscathed by the trade measures.
Trump announces tariffs of at least 25 percent on 14 countries
In a string of near-identical letters posted on Truth Social, his social media site, President Trump said the United States “has agreed to continue working with” each country despite large trade deficits.
Trump to put 25% tariffs on Japan, South Korea
President Trump provided notice of the tariffs to begin on Aug. 1 by posting letters on Truth Social that warned both countries to not retaliate by increasing their own import taxes.
United States seeks limited trade deal with European Union as Trump’s deadline approaches
The two sides continued to talk during the weekend in hopes of finalizing by Wednesday a patchwork deal that would pave the way for more comprehensive negotiations.
Trump announces trade deal that will let US goods into Vietnam duty-free
Vietnam is one of Indiana’s top 10 trade partners in terms of imports.
Canadian prime minister says trade talks with United States resume after Canada rescinds tech tax
The digital services tax was set to go into effect Monday and was due to hit companies including Amazon, Google, Meta, Uber and Airbnb.
GE Appliances moves washing machine production from China to Louisville with $490M investment
In all, production of more than 15 models of front load washers will shift to the company’s sprawling Louisville production complex—known as Appliance Park.
US strikes on Iran add to global travel disruptions, flight cancellations
After a ceasefire was announced between Israel and Iran, some of those disruptions eased. But the truce appeared to be on shaky ground Tuesday.
Temu sales plunge 25% in United States, but rival Shein sees growth
Temu’s sales decline in the U.S. is deepening as the online marketplace drastically cuts spending on advertising targeting American consumers, signaling a shift in focus after President Donald Trump’s tariff barrage.
Canadian tariffs on US steel, aluminum could rise depending on trade talks, Carney says
Canada is the largest foreign supplier of steel, aluminum and uranium to the United States and has 34 critical minerals and metals that the Pentagon is eager for.
United States resumes visas for foreign students, but demands access to social media accounts
The U.S. State Department said consular officers will be on the lookout for posts and messages that could be deemed hostile to the United States, its government, culture, institutions or founding principles.
Smaller amusement parks hope for a strong summer under the shadow of tariffs
Some park owners fear ongoing economic uncertainty could keep families from traveling this summer, while tariffs could add extra costs for items like game prizes or parts for rides.
Trump says United States getting rare earth minerals from China, with tariffs totaling 55%
The president said the U.S. will provide China “what was agreed to,” including allowing Chinese students to attend American colleges and universities.
GM to invest $4B to shift some production from Mexico to United States
The company will add production of the gas-powered Chevrolet Blazer and Chevrolet Equinox, which are made in Mexico, to two American plants starting in 2027.
Inflation barely rises as cheaper gas, rents offset some costlier imports
The data showes that tariffs haven’t yet pushed overall prices higher, which suggests that many companies could be absorbing the cost of the higher duties, for now.
United States, China agree on framework to resolve their trade disputes
The announcement followed two days of talks in the British capital that ended late Tuesday.
Trump’s tax bill could raise taxes on foreign companies, hurting investment from abroad
A new analysis estimates that the provision would cost the U.S. 360,000 jobs and $55 billion annually over 10 years in lost gross domestic product.
United States, China holding trade talks in London
High-level delegations from the United States and China are meeting in London on Monday to try and shore up a fragile truce in a trade dispute that has roiled the global economy.