President Donald Trump said he will increase the global 10% tariff he announced one day earlier to 15%, stirring up more economic turbulence as he lashed out at the US Supreme Court over its ruling that his preferred mechanism for applying tariffs was illegal.
US Trade Policy
India-US trade deal: Donald Trump announces 25% tariff on India, plus penalty for buying energy and arms from Russia
India-US trade deal: US president Donald Trump on Wednesday announced that India will have to pay 25 per cent tariff from August 1. Trump also said that India will have to pay an additional penalty for buying energy and arms from Russia. The 25% tariff rate announced for India is 1% less than the 26% declared by Trump in his April 2 ‘Liberation Day’ conference.
Copper Prices Bounce Back Due to Tariff Worries
Copper prices rise above $4.85 per pound as fears of new tariffs on steel, aluminum, and possibly copper grow. Learn why investors are concerned and how China’s economy plays a role.