Topic: #tariffs
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Trump raises tariffs on Chinese goods to 20%, reigniting trade tensions
President Trump has pushed cumulative tariffs on Chinese imports to 20%, marking another escalation in trade policy after a brief November 2025 truce. The move follows a Supreme Court ruling in February that struck down emergency tariff powers, while Chinese exporters continue rerouting shipments to dodge duties.
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US poised to cut Canadian auto tariffs to 15% from 25%
The US and Canada are negotiating a tariff reduction on Canadian-built vehicles from 25% to 15%, a move aimed at stabilizing North American auto production and easing trade tensions as new retaliatory duties loom.
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US import prices rise 0.3%, Chinese costs hit highest since 2008
US import prices climbed 0.3% in June 2026, but Chinese import costs jumped 0.9%—the largest monthly surge since January 2008—complicating inflation expectations and potentially delaying Fed rate cuts.
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Maersk raises 2025 profit guidance on European demand surge
A.P. Moller-Maersk lifted its full-year EBITDA forecast to $8-9.5 billion, citing strong container demand outside North America, but cautioned that a wave of new vessel deliveries will depress earnings significantly in 2026.
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Trump Threatens 100% Tariff on EU Digital Tax Countries
President Trump threatened a 100% import tariff on any country taxing US digital companies, targeting nations like France, Italy, Spain, and the UK that have enacted digital services taxes on tech giants.
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Supreme Court voids Trump tariffs; $166B refund exposure emerges
The Supreme Court invalidated the Trump administration's tariff structure in a 6-3 ruling on February 20, 2026, opening the door to $166 billion in potential refunds. The administration has since reimposed tariffs under a different legal mechanism, drawing fresh court challenges and fueling Bitcoin volatility.
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US Trade Rep proposes tariffs on 12 countries for forced labor failures
The US Trade Representative released a 100-page report proposing tariffs ranging from 10% to 12.5% on imports from twelve countries deemed insufficient in addressing forced labor, following 60 Section 301 investigations launched in March.