Tariff Timeline: A Real-Time Look at 2025’s Key Trade Shifts July30th- New tariffs to India and Additional Duties for Brazil 25% in Imports from India. U.S. President Donald Trump declared that a 25% tariff will be placed on a broad range of imports from India, effective August 1, 2025 Trump also mentioned an unspecified additional penalty tied to India’s ongoing purchases of military equipment and … Read More
U.S.Tariff Update: What You Need to Know as of April 10, 2025
As of April 10, 2025, significant changes to U.S. import tariffs have gone into effect under Executive Order 14257. If you’re moving goods into the U.S., these changes could impact your supply chain and cost structures over the next several months. Here’s a breakdown of what’s changed, what it means for your business, and how to stay compliant. Universal 10% Duty Rate – Country-Specific Tariffs … Read More
US to Slap 104% Tariff on China After Deadline Expires
In a significant escalation of trade tensions, the United States has confirmed the implementation of a 104% tariff on Chinese imports, effective 12:01 a.m. ET on Wednesday. This move follows China’s refusal to withdraw its 34% retaliatory tariffs on American goods by President Trump’s Monday deadline. The White House emphasized that this action aims to address longstanding trade imbalances and unfair practices by China. White … Read More
“Liberation Day” Arrives: U.S. Unveils Sweeping New Tariffs
President Donald Trump marked what he termed a “Declaration of Economic Independence” at the high-profile “Make America Wealthy Again” event, announcing comprehensive new tariffs aimed at reshaping America’s trade relationships globally. Dubbed “Liberation Day” by the administration, the strategy introduces a baseline tariff of 10% on virtually all imports into the U.S., significantly altering the landscape of international commerce. A Strategic Shift in Global Trade … Read More
Brazil and USA: Imports, Exports & Key Commodities
Brazil and the USA maintain a strong and diversified trade relationship, which reached a total goods exchange of $92 billion in 2024. According to the U.S. Trade Representative, U.S. exports to Brazil rose by 11.3% from 2023, totaling $49.7 billion. Imports from Brazil to the U.S. also grew, reaching $42.3 billion, an 8.3% increase compared to the previous year. Trade Agreements between both countries In … Read More
Steel Tariffs: A New Challenge for the Automotive Industry
President Donald Trump’s tariffs on imported steel and aluminum have officially gone into effect. While these tariffs do not directly target vehicles, the resulting increase in steel and aluminum costs is expected to raise manufacturing expenses, inevitably pushing up the prices consumers pay for cars. Rising Car Prices A proposed 25% tariff on imported vehicles could lead to substantial price increases. For example, a car … Read More
Canada and EU Hit Back: How Trump’s New Tariffs Are Shaking Global Trade
On March 12, 2025, President Donald Trump’s administration implemented a 25% tariff on all imported steel and aluminum, marking a significant shift in U.S. trade policy. This move aims to bolster domestic metal industries but has sparked widespread debate and concerns about potential economic repercussions. The decision to impose these tariffs was announced on February 10, 2025, with the intent to reduce reliance on foreign … Read More
White House Suspends Tariffs on Canadian and Mexican USMCA Goods—AGAIN!
In an important development impacting trade relations within North America, the White House announced today that effective 12:01 a.m. EST on March 7, 2025, the recently imposed International Emergency Economic Powers Act (IEEPA)-based tariffs on goods from Canada and Mexico will be temporarily suspended for all products compliant with USMCA origin requirements. This temporary suspension will remain in effect until April 2, 2025, the date … Read More
Trump Halts Tariffs on Mexican Imports – But for How Long?
The trade landscape took another sharp turn this week as President Donald Trump announced a temporary pause on tariffs for Mexican goods covered under the United States-Mexico-Canada Agreement (USMCA). This decision, which grants a reprieve until April 2, comes amid heightened economic uncertainty, market fluctuations, and growing concerns from businesses about rising costs. A Strategic Pause Amid Trade Tensions After discussions with Mexican President Claudia … Read More
Canada Hits Back with $155B in Tariffs on U.S. Goods
“The moment U.S. tariffs came into effect this morning, so did the Canadian response. Canada will be implementing 25% tariffs against $155 billion of American products. Starting with $30 billion worth of goods immediately, and the remaining $125 billion in 21 days’ time”, was a LinkedIn post from Canadian Prime Minister, Justin Trudeau. This decisive move by Prime Minister Trudeau marks a significant escalation in … Read More