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tariffs
Business / 16 weeks ago
These are the final Trump reciprocal tariff rates for more than 20 countries starting August 1
The Trump administration has finalised its list of country‑specific “reciprocal” tariff rates that will take effect on August 1, following a temporary suspension that extended a baseline 10% duty for most nations. The White House said affected countries will face rates ranging from 20% to 50%, replacing the interim blanket levy introduced in April 2025. Announced in a White House fact sheet and executive order on July 7, the extension delays enforcement of elevated reciprocal tariffs until August 1, while new country‑specific duties are formally placed by letters from President Trump to national leaders.
Business / 17 weeks ago
Indonesia, Vietnam among hardest hit by Trump's Asia tariffs
U.S. President Donald Trump has finalised a sweeping new round of tariffs on key Asian trade partners, targeting exports to the United States. Set to take effect August 1, 2025, the tariffs will impact seven countries, with Laos facing the steepest penalty at 40%, according to an infographic released by World Visualized and supported by reports from Reuters and Indonesia Business Post.
Culture / 31 weeks ago
U.S. wine demand soars, but Trump’s tariffs could disrupt global wine supply chain
The United States is still the world’s largest wine consumer, with an impressive 33.3 million hectolitres consumed annually. France follows with 24.4 million, and Italy ranks third at 21.8 million hectolitres. This reflects the lasting cultural and economic role that wine plays in traditional producers and newer markets.
Business / 31 weeks ago
Trump’s tariffs hit Europe hard with up to 37% penalties
Many regions in the world, including the EU, are dealing with the blow of U.S. President Donald Trump’s newly reimposed tariffs. The sweeping tariffs, ranging from 10% to as high as 37%, impact a wide swath of European economies — particularly the EU's industrial powerhouses.
Business / 32 weeks ago
The real victims of Donald Trump's 'Liberation Day' reciprocal tariffs
President Donald Trump's recent implementation of sweeping tariffs has ignited extensive debate and concern, particularly regarding their impact on American consumers and small businesses. These tariffs, which impose a 10% levy on all imports—with higher rates for specific countries such as China (34%) and Japan (24%)—are projected to have significant economic repercussions.
Business / 32 weeks ago
U.S. tariffs trigger unprecedented alliance between China, Japan, and South Korea
China, Japan, and South Korea have agreed to coordinate their response to recent U.S. tariffs, signaling a rare show of unity among the three East Asian economic giants, according to a report by Reuters citing Chinese state media. The agreement was reportedly reached during high-level trade talks held in Beijing, where officials from the three countries gathered to discuss the escalating trade tensions with the United States.
