Although the reciprocal tariffs are slated to take effect on Aug. 1, the most up‑to‑date information comes from the July 31 announcement. Annex II of the executive order issued at that time lists each affected country and the percentage of additional duty that will be added to its existing Harmonized Tariff Schedule rate. For every country‑specific entry the order repeats the same conditions: the additional duty does not … Read More
U.S. Seals Deals with Indonesia, Japan, and the Philippines Ahead of August 1 Tariffs
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
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