With just days left until August 1st, when a new wave of U.S. tariffs is set to take effect, some countries have successfully struck deals with Washington to ease the impact on their exports. These agreements, along with retaliatory measures from the European Union and updates on negotiations with other key nations, signal major shifts for global supply chains. Here’s what you need to know: … Read More
U.S. to Impose 35% Tariff on Canadian Goods
In a major escalation of trade tensions, President Trump announced that the United States will impose a 35% tariff on Canadian-origin goods starting August 1, 2025. The decision, shared via social media late on July 10, was justified by the administration as a response to several concerns: the flow of illicit fentanyl across the northern border, Canadian tariffs on U.S. dairy, and ongoing non-tariff trade … Read More
New Round of Country-Specific Tariff Letters Announced
With less than a month until new tariffs take effect, the U.S. has accelerated its rollout of country-specific reciprocal tariff letters, now reaching 22 countries in total. These tariffs are set to be enforced at 12:01 a.m. EDT on August 1, following the expiration of the current extension period. These tariffs fall under the country-specific reciprocal tariff framework, a policy intended to address long-standing trade … Read More