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Searched Tag: us tariff policy
US Treasury Secretary Scott Bessent. (File photo)

'Accept US terms or face duties', Bessent tells trade partners

July 7, 2025, 02:19 PM - 3 min read

US Treasury Secretary Scott Bessent has warned nations to accept trade terms set by Washington or face reciprocal tariffs as early as August, targeting 18 key economies.

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President of the United States of America, Donald Trump. (File photo)

Trump threatens 10% extra tariff on nations ‘aligning’ with BRICS

July 7, 2025, 08:48 AM - 3 min read

Donald Trump said on Sunday that nations siding with BRICS' “anti‑American policies” will face an extra 10 percent US tariff, stoking trade tensions after the bloc's summit in Rio.

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Trump to send tariff-imposing letters to 10-12 nations on Friday

Trump to send tariff-imposing letters to 10-12 nations on Friday

July 4, 2025, 04:09 PM - 2 min read

The US president did not inform the reporters about which countries were the first to receive these letters.

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US President Donald Trump addresses steelworkers at US Steel’s Mon Valley Works, Pennsylvania, announcing plans to raise tariffs on steel and aluminium imports to 50 per cent starting Wednesday.

Trump promises to double tariffs on all steel, aluminium imports

June 4, 2025, 10:39 AM - 5 min read

US President Donald Trump will raise tariffs on most foreign steel and aluminium imports to 50 per cent from Wednesday, citing national security concerns. The move aims to protect domestic industry but risks raising costs for manufacturers and consumers amid warnings of possible global trade retaliation.

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