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What is the latest news on tariffs?

Asked 20 hours ago

Answer

The latest news on tariffs includes looming 30% U.S. tariffs on EU goods, new U.S. trade deals with Japan, Indonesia, and the Philippines with reduced or new tariffs, and rising tariffs on Canadian goods if no deal is reached. Tariffs are impacting automakers and small businesses, and negotiations continue among major economies.

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CNBC

15% tariffs would still worsen the export sector: IFO President

CNBC · Recent
CNBC
CNBC
Recent
  • German economic recovery is ongoing but remains slow.
  • A proposed 15% tariff would still negatively affect the export sector. 1m 39s
  • Domestic tax incentives are helping investment, but international uncertainty persists. 3m 5s
  • Recent investment initiatives are positive but do not address regulatory issues. 4m 14s
  • Further reforms and deregulation are needed for sustained economic improvement. 5m 14s
Economy

References

15% tariffs would still worsen the export sector: IFO President
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CNBC
21 hours ago
15% tariffs would still worsen the export sector: IFO President

The IFO President warns that even a 15% tariff rate would worsen conditions for exporters, despite being lower than previously threatened.

Canada-U.S. trade deal hopes appear to fade after latest talks
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CBC News
1 day ago
Canada-U.S. trade deal hopes appear to fade after latest talks

Tariffs on Canadian goods are set to increase from 25% to 35% starting August 1 unless a new agreement is reached.

Detroit small businesses being impacted by tariffs
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Fox News
2 days ago
Detroit small businesses being impacted by tariffs

Detroit small businesses report higher supply costs and instability due to tariffs, especially on goods from China.

Defence, tariffs top the agenda at Merz and Macron working dinner
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Euronews
2 days ago
Defence, tariffs top the agenda at Merz and Macron working dinner

EU and U.S. leaders discuss tariff negotiations as the deadline for 30% tariffs on European goods approaches.

Trump touts new trade deals with Japan, Indonesia, Philippines
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CBS News
3 days ago
Trump touts new trade deals with Japan, Indonesia, Philippines

Japan will face a 15% tariff, reduced from 25%, while Indonesia and the Philippines will face 19% tariffs under new U.S. trade deals.

GM profits take $1.1 billion hit in wake of Trump tariffs
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CBS America
3 days ago
GM profits take $1.1 billion hit in wake of Trump tariffs

General Motors reports a $1.1 billion quarterly profit loss due to tariffs, with Stellantis losing $2.7 billion.

EU to submit countermeasures on U.S. goods to avert looming tariffs
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Reuters
3 days ago
EU to submit countermeasures on U.S. goods to avert looming tariffs

The European Commission plans counter-tariffs on $109 billion of U.S. goods as the U.S. threatens 30% tariffs on EU products.

Breaking down U.S. trade agreement with Philippines, Indonesia deal
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CBS America
3 days ago
Breaking down U.S. trade agreement with Philippines, Indonesia deal

A 19% tariff is imposed on Indonesian and Philippine imports to the U.S.; in exchange, Indonesia will drop tariffs on over 99% of U.S. goods.

How automakers are being affected by Trump's tariffs
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CBS News
4 days ago
How automakers are being affected by Trump's tariffs

U.S. automakers face a 25% tariff on imported cars and parts, leading to profit losses and reduced sales.

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