The story so far
Trump Tariffs 2026 Phase
Tracked across 8 sources · Updated 1h ago
Trump administration announces new Section 301 tariffs of up to 12.5% on 60 economies over forced labour concerns, with India receiving a lower 10% rate due to recent legislative actions. India-US trade deal negotiations continue alongside diplomatic talks.
How it unfolded
9h ago
India receives 10% tariff; China faces 12.5%
1d ago
US imposes tariffs on 60 countries over forced labour
1d ago
US to announce fresh tariffs as 10% levy nears expiry
2d ago
Jaishankar meets Rubio in Manila; trade deal discussed
3d ago
Trump plans new tariffs; India deal stalls
What happened earlier
Latest updates
Latest
Full story →US's new Section 301 tariffs will disappoint partners: Wendy Cutler
The US announced new Section 301 tariffs on 60 economies.
Wendy Cutler of the Asia Society Policy Institute stated trading partners will be disappointed.
Trading partners will continue to reduce their dependence on the US market.
Earlier · 3d ago
Full story →Trump plans new tariffs on India and other nations
Donald Trump plans new tariffs of roughly 10–12.5% on up to 60 countries, including India, citing forced-labour and unfair trade practices.
The tariffs roll out as a temporary 10% tariff expires on Friday, with potential steeper duties under investigation for excess industrial capacity.
India's bilateral trade deal with the US remains deadlocked over market access, agriculture, digital trade, and tariff concessions.
India's Commerce Minister Piyush Goyal refuted reports of a stalled deal but no agreement is in sight, complicating negotiations.
The tariff escalation risks financial market instability, inflation, and harm to US consumers ahead of November midterm elections.
Earlier · 2d ago
Full story →Globe at a glance: From fresh US attacks in Iran to new Trump tariffs
US begins 11th straight night of attacks on Iran, targeting military sites to degrade threats to shipping in the Strait of Hormuz.
US to impose new tariffs that could hit dozens of countries, with trade envoy Jamieson Greer signaling their readiness.
Fresh tariffs target 60 trading partners over alleged failures to act against forced labour.
President Donald Trump's temporary global levies are due to expire this week.
Zelenskyy dismissed Oleksandr Syrsky, commander-in-chief of Ukraine's army.
Earlier · 2d ago
Full story →Rubio, Jaishankar push interim India-US trade deal as Trump’s pharma tariff threat raises stakes
Marco Rubio and S. Jaishankar pushed for an interim India-US trade deal.
Trump's threatened pharmaceutical tariffs raise risks for Indian exporters.
The officials also discussed key defence agreements.
Earlier · 2d ago
Full story →Trump’s Tariffs Enter New Phase, Ending Months of Calm
President Trump is preparing new tariffs under Section 301 of the Trade Act of 1974, replacing tariffs struck down by the Supreme Court.
The temporary 10% tariff expires early Friday, ending five months of relative trade stability.
U.S. Trade Representative Jamieson Greer said new tariff action is expected soon.
Trump announced separate additional 50% tariffs on certain Canadian goods to pressure renegotiation of the USMCA.
The new Section 301 tariffs are based on investigations into forced labor in 60 economies.
