Trump Tariff News – Trade Wars & Economic Impact

Trump announces 30% tariffs against EU, Mexico

Earlier this week, Trump also unveiled new tariff measures targeting several countries

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Both sets of duties would take effect August 1, Trump said in separate letters posted to his Truth Social platform, citing Mexico's role in illicit drugs flowing into the United States and a trade imbalance with the EU respectively.

Trump puts 35% tariff on Canada, others face 15%-20%

Trump warned that any retaliatory action would lead to matching increases in US tariffs

Trade war escalates: The move has raised uncertainty over the future of the USMCA trade agreement, as it’s unclear whether existing exemptions for Canadian goods under the pact will remain in place.

Did UAE, Saudi investors shrug off US tariff deadline?

DFM, ADX are off slightly, while Asian markets are in the green

The DFM's been having a few solid days, and some profit booking was visible on Tuesday.

Trump issues new tariff rates, open to negotiations

Trump signs executive order that delays the new rates until Aug. 1 for all nations

S. President Donald Trump hosts Italian Prime Minister Giorgia Meloni and her visiting officials in the Cabinet Room at the White House on April 17, 2025 in Washington, DC.

‘Promises kept’: Trump’s ‘Big, Beautiful Bill’ now law

Trump signed the bill during a military family picnic at the White House

US President Donald Trump (C) bangs a gavel after signing the "Big Beautiful Bill Act" at the White House in Washington, DC, on July 4, 2025.

India plans retaliatory duties on US goods

The move follows India’s more assertive stance over the last few weeks

US’ safeguard measures would hit $2.9 billion imports annually from India with $723.75 million in duties.

Canada 'caved' to Trump over digital services tax

Trump had abruptly halted trade negotiations with Canada in retaliation for the move

Trump has set a July 9 deadline for countries to finalise trade agreements or face new US tariffs.

With US ties cooling, India warms to Canada again

Modi’s meeting with Carney marks a new chapter in bilateral ties

India's Prime Minister Narendra Modi and Canadian PM Mark Carney have reset relations between the two countries after a freeze.

Trump and Musk: Partners, frenemies, now adversaries

What began as strategic alliance is descending into personal attacks, reputational chaos

Tesla and SpaceX CEO Elon Musk and U.S. President Donald Trump appear during an executive order signing in the Oval Office at the White House on February 11, 2025 in Washington, DC.

Musk says he regrets social media posts against Trump

Billionaire had riled Trump by claiming credit for election win, endorsing his impeachment

Elon Musk, the world’s richest man, was the first to stand down from what had been an escalating spat with Trump, responding to advice from those online.

Musk vs Trump: Billionaire signals truce after feud

A look at why Trump’s sweeping tax-and-spending package pushed Musk to his breaking point

Tesla CEO Elon Musk and US President Donald Trump in the White House in Washington, DC, on May 30.

Trump tariffs now illegal? How it affects UAE investors

Court ruling may ease trade tensions, impact markets and global supply chains

US President Donald Trump with a reciprocal tariffs list in Washington, DC, on April 2.

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