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Asia’s acquiescence in ‘reciprocal trade agreements’ fortifies Trump’s tariff wall

President Donald Trump is considering a new 7.5 percent tariff on Chinese goods over excess manufacturing capacity, according to multiple reports citing people familiar with the deliberations. Officials view the rate as calibrated to preserve a trade truce and a planned late-September meeting with Xi Jinping. The step follows a Supreme Court ruling against earlier reciprocal tariffs and comes amid wider U.S. duties that Asian economies have largely accepted without retaliation.

11 outlets · 11 articles 3d ago

Canada hits back with retaliatory tariffs after rejecting ‘bad deal’ with US

Canadian Prime Minister Mark Carney announced dollar-for-dollar retaliatory tariffs on U.S. goods after walking away from talks he called a bad deal, as new 50 percent U.S. duties on roughly $20 billion in Canadian exports took effect. President Donald Trump responded by accusing Canada of seeking the benefits of statehood without the obligations, while both sides prepared further measures.

40 outlets · 55 articles 3d ago