US tariff | DD News

February 23, 2026 12:29 PM

US to stop collecting tariffs deemed illegal by Supreme Court on Tuesday

The U.S. Customs and Border Protection agency said it will halt collections of tariffs imposed under the International Emergency Economic Powers Act at 12:01 a.m. EST (0501 GMT) on Tuesday, more than three days after the U.S. Supreme Court declared the duties illegal. The agency said in a message to shippers on its Cargo Systems Messaging Service (CSMS) that it will de-activate all tariff codes associated with President Donald Trump's prior IEEPA-related orders as of Tuesday. The IEEPA tariff ...

February 23, 2026 11:40 AM

Tariff ruling limits Trump’s leverage but won’t end uncertainty for trade partners

The U.S. Supreme Court's decision to strike down a large swath of President Donald Trump's tariffs has weakened his ability to threaten and impose tariffs at a moment's notice, but it won't end gnawing uncertainty for trade partners or companies. Trump responded within hours to the ruling on Friday, slapping a new 10% tariff on all imports and ordering new trade investigations that could lead to additional levies in months, while insisting that trade and investment deals reached with nearly 20 ...

February 22, 2026 9:43 AM

After court ruling, Trump says US global tariff rate will rise from 10% to 15%

President Donald Trump said on Saturday he will raise a temporary tariff from 10% to 15% on U.S. imports from all countries, the maximum level allowed under the law, after the U.S. Supreme Court struck down his previous tariff program. The move came less than 24 hours after Trump announced a 10% across-the-board tariff on Friday after the court's decision. The ruling found the president had exceeded his authority when he imposed an array of higher rates under an economic emergency law. The new...

October 26, 2025 9:29 AM

Trump sets 10% hike in tariffs on Canada after ad airs during World Series

U.S. President Donald Trump said on Saturday he was increasing tariffs on Canada by an additional 10% "above what they're paying now," as he reacted again to an ad by Canada's Ontario province, a day after it was aired during the World Series broadcast. Trump on Thursday ended trade talks with Ottawa over the tariff-related ad, which Trump said was misleading. Trump announced the higher tariffs in a Truth Social post on Saturday referencing the ad, which features a video of former President Ro...

August 28, 2025 10:49 AM

Japan’s trade negotiator cancels US visit over tariff deal snag

Japan's top trade negotiator cancelled a visit to the United States at the last minute on Thursday, further delaying talks designed to finalise a $550 billion investment package offered by Tokyo in exchange for relief on punishing tariffs. Ryosei Akazawa was due to fly to Washington to craft a written confirmation of the terms of the package, such as the split of investment returns between the U.S. and Japan, a government source previously told Reuters. U.S. Commerce Secretary Howard Lutnick h...

August 11, 2025 12:15 PM

Indian rupee strengthens against US dollar despite tariff concerns

The Indian rupee opened stronger on Monday, amid additional 25 per cent tariff proposed by US President Donald Trump on India, which is set to take effect from August 27. The rupee likely inched up higher on optimism that the Russia-Ukraine war will end following the upcoming US-Russia negotiations on August 15, leading to removal of additional tariffs on India. The local currency opened 13 paise stronger at 87.53 against the US dollar up from 87.66 on Friday. The immediate trading range is ex...

August 5, 2025 10:11 AM

EU to suspend US tariff countermeasures for 6 months

The European Union will suspend its two packages of countermeasures to U.S. tariffs for six months following a deal with U.S. President Donald Trump, a Commission spokesperson said on Monday. The EU-U.S. agreement leaves many questions open, including tariff rates on spirits, and Trump's executive order last week setting tariffs on most EU goods at 15% did not include carve-outs such as for cars and car parts. EU officials have said they expect more executive orders to follow soon. "The EU co...

July 14, 2025 10:43 AM

Trump demands more concessions as EU holds off on US tariff countermeasures

The European Union said on Sunday it would extend its suspension of countermeasures to U.S. tariffs until early August and continue to press for a negotiated settlement as U.S. President Donald Trump's administration demanded more concessions from trading partners. Trump said on Saturday he would impose a 30% tariff on most imports from the EU and Mexico from August 1, adding to similar warnings for other countries and leaving them less than three weeks to hammer out framework deals that could ...

April 16, 2025 4:12 PM

China responds to 245% US tariff: “Ask US for details”

Reacting to the White House’s claim that China now faces tariffs of up to 245% on exports to the United States, Chinese Foreign Ministry spokesperson Lin Jian urged reporters to “ask the US side for specific tax rate figures.” Addressing a press briefing on Wednesday, Lin reiterated China’s consistent position on the issue, saying that the tariff dispute was initiated by the US. He maintained that Beijing’s countermeasures were taken to safeguard its legitimate rights and uphold inter...

April 16, 2025 3:09 PM

China Q1 GDP growth tops expectations, but US tariff shock looms large

China's first-quarter economic growth outstripped expectations, underpinned by solid consumption and industrial output, but analysts fear momentum could shift sharply lower as U.S. tariffs pose the biggest risk to the Asian powerhouse in decades. President Donald Trump has ratcheted up tariffs on Chinese goods to eye-watering levels, prompting Beijing to slap retaliatory duties on U.S. imports that have raised the stakes for the world's two biggest economies and rattled financial markets. Data...