The story so far
Trump tariffs 2026
Tracked across 9 sources · Updated 2h ago
The US announced new Section 301 tariffs on 60 countries over forced labor concerns, with rates of 10% or 12.5%. India received a 10% rate after amending its trade laws. Diplomatic talks between Jaishankar and Rubio pushed for an interim trade deal. The tariffs replaced expiring global levies.
How it unfolded
4d ago
India gets 10% tariff rate, lower than China's 12.5%
5d ago
US imposes 10-12.5% tariffs on 60 countries over forced labor
5d ago
US set to announce tariff plan as 10% levy nears expiry
6d ago
Jaishankar meets Rubio in Manila, discusses trade
21 Jul 2026
Trump plans new tariffs, India deal stalls
What happened earlier
Latest updates
Latest
Full story →India gets a lower US tariff; here's why textile exporters are still worried
India faces a 10% Section 301 tariff on US textile exports, lower than the 12.5% rate for China, Vietnam, Brazil, and Thailand.
Competitors Bangladesh, Cambodia, Indonesia, and Malaysia received tariff-rate quota exemptions for textiles using US-origin cotton, which India did not get.
The absence of TRQ exemptions weakens India's competitiveness against rival nations despite the lower headline tariff.
India's effective US tariff rate is around 12%, lower than Bangladesh's 25%, China's 22%, and Vietnam's and Indonesia's ~14%.
Future US investigations could expose India to additional tariffs, requiring trade deal negotiations.
Earlier · 6d ago
Full story →Trump eyes fresh tariffs on 60 countries ahead of expiry of 10% global trade measures
Earlier · 5d ago
Full story →Jaishankar meets US's Rubio in Manila, discusses India-US partnership
Earlier · 5d 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.
Earlier · 4d ago
Full story →US set to unveil fresh tariffs as Trump's 10% global levy faces Friday expiry
US planning fresh tariffs on multiple countries as Trump's temporary 10% global levy expires Friday.
Supreme Court ruled against Trump's earlier emergency tariff strategy.
Fresh tariffs expected to target dozens of nations.
Trump's tariff policies face legal and procedural challenges.
