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What is the latest on tariff negotiations?

Asked 5 hours ago

Answer

Tariff negotiations are ongoing with several countries as new U.S. tariffs are set to take effect. Talks with China, Canada, Switzerland, and India remain active, with deadlines approaching and some countries seeking exemptions or reductions. The U.S. is also preparing new tariffs on pharmaceuticals and semiconductors, while Canada and Switzerland consider countermeasures and revisions.

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CBS America

Last-minute negotiations taking place as Trump tariff deadline nears

CBS America · Just In
CBS America
CBS America
Just In
  • New US tariffs are set to take effect, with significant increases for countries like Switzerland and India.
  • Switzerland faces a tariff increase from 10 percent to 39 percent, with last-minute negotiations ongoing. 33s
  • India will see a total tariff rate of 50 percent due to its purchase of Russian oil. 1m 45s
  • Businesses that imported goods before the deadline may avoid the higher tariffs. 42s
  • President Trump is expected to nominate a new Federal Reserve governor who supports cutting interest rates. 2m 20s
International PoliticsEconomy

References

Last-minute negotiations taking place as Trump tariff deadline nears
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CBS America
6 hours ago
Last-minute negotiations taking place as Trump tariff deadline nears

Last-minute negotiations are underway as new U.S. tariffs take effect, with countries like Switzerland seeking exemptions and businesses rushing to import goods before the deadline.

Carney suggests U.S. tariffs could drop to help Canadian industry
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CBC Canada
6 hours ago
Carney suggests U.S. tariffs could drop to help Canadian industry

Canada may reduce some retaliatory tariffs if it benefits Canadian industries, following the imposition of 25% tariffs on U.S. products. Negotiations with the U.S. remain fluid.

Trump says U.S. close to trade deal with China
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Bloomberg
17 hours ago
Trump says U.S. close to trade deal with China

The U.S. is nearing a trade agreement with China, focusing on rare earth exports, while also negotiating tariffs with Switzerland and Japan. New tariffs on pharmaceuticals and semiconductors are expected soon.

What to know about Trump's tariffs and upcoming deadlines
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CNBC
1 day ago
What to know about Trump's tariffs and upcoming deadlines

New U.S. tariff rates on over 70 countries take effect Thursday, with ongoing negotiations for major partners like India and Canada. The final rates and possible deadline extensions remain undecided.

White House holds firm on tariff rates ahead on Aug. 7 deadline
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CBS News
2 days ago
White House holds firm on tariff rates ahead on Aug. 7 deadline

The White House maintains its position on tariffs as the August 7 deadline approaches, with some countries still negotiating and others facing set rates or complications due to Russian business.

Swiss shares slump amid tariff shock
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CNBC
3 days ago
Swiss shares slump amid tariff shock

Switzerland is open to revising its offer to the U.S. after nearly 40% tariffs were announced. Negotiations continue, but no deal has been reached to avoid the tariffs.

Canadian officials confident U.S. trade deal will be reached
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CBC News
3 days ago
Canadian officials confident U.S. trade deal will be reached

Canadian officials express optimism about reaching a U.S. trade deal despite ongoing tariff disputes. Talks are ongoing, but a deal without tariffs is unlikely.

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