Economics – World Top News Now

28Jul

By AdminsNo Comments

‘Biggest deal ever’: Trump announces trade agreement with EU

US President Donald Trump has announced that the US and the European Union reached a framework for a trade deal, after talks with European Commission President Ursula von der Leyen in Turnberry, Scotland. Trump announced a 15 per cent across-the-board levy on imports from the 27-nation European Union, ending a months-long saga with America's largest trading partner as the EU sought to keep baseline tariffs at 10 per cent. "We are agreeing that the tariff straight across for automobiles and everything else will be a straight-across tariff of 15 per cent," Trump said. European Commission President Ursula von der Leyen and US President Donald Trump have announced the framework for a trade agreement. (AP) Speaking alongside von der Leyen, the president said the EU "is g...

Trump threatens 35 per cent tariffs on Canada, Australia’s could double

US President Donald Trump has threatened a 35 per cent tariff on goods imported from Canada, a dramatic escalation in an on-again, off-again trade war with America's northern neighbour and one of its most important trading partners. "Starting August 1, 2025, we will charge Canada a Tariff of 35 per cent on Canadian products sent into the United States, separate from all Sectoral Tariffs," Trump wrote in a letter posted to social media. NBC News also reported Thursday that Trump told Meet the Press moderator Kristen Welker that the remaining US trading partners that have not yet received trade letters or reached framework agreements will be charged a blanket tariff rate. President Donald Trump has pledged a 35 per cent tariff on Canadian imports to the US. (AP) The let...

‘Reset global trade’: Trump officials double down on tariffs as global markets plummet

Top Trump administration officials are offering mixed messaging on the possibility of negotiations on the president's newly announced tariffs, framing the move as a necessary economic reset and downplaying severe market volatility and uncertainty. President Donald Trump has long cast himself as a dealmaker — and has left the door open to cutting tariff deals with countries. But messaging from his top economic lieutenants Sunday painted a murkier picture about the possibility of relief. Trump last week announced tariffs of at least 10 per cent across all countries, with rates going even higher for 60 countries deemed the "worst offenders." The universal 10 per cent rate went into effect Saturday, while the customized rates will take effect Wednesday. President Don...

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