The story so far
US New Tariffs 2026
Tracked across 8 sources · Updated 1h ago
The US announced Section 301 tariffs on 60 economies over forced labour, effective July 24. India received a lower 10% rate after amending its trade laws. Meanwhile, India-US talks in Manila pushed for an interim trade deal amid tariff concerns.
How it unfolded
12h ago
India gets 10% tariff under new US forced labour action
2d ago
US announces 10-12.5% tariffs on 60 countries
2d ago
US set to unveil fresh tariffs as 10% levy expires
3d ago
Jaishankar meets Rubio in Manila, discuss trade
4d ago
Trump plans new tariffs on many countries
What happened earlier
Latest updates
Latest
Full story →US tariffs unlikely to hit India's exports, textile sector needs watch
FIEO's DG Ajay Sahai said new 10% US tariffs are unlikely to significantly impact India's exports.
India received a better tariff deal than many other countries under the new US policy.
Sahai cautioned that India's textile sector needs close monitoring due to a proposed TRQ for competitors.
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.
