The story so far
New US tariffs on 60 countries
Tracked across 8 sources · Updated 45m ago
The US announced new Section 301 tariffs of 10-12.5% on 60 countries over forced labour, replacing expiring global levies. India received a 10% rate after interim trade deal talks between Jaishankar and Rubio in Manila. Pharma tariffs remain a concern.
How it unfolded
58m ago
India placed in 10% tariff slab after negotiations
1d ago
US announces new tariffs on 60 economies over forced labour
2d ago
Jaishankar and Rubio meet in Manila, discuss trade deal
3d ago
Trump plans new tariffs on many countries including India
What happened earlier
Latest updates
Latest
Full story →Trump Targets 60 Nations With Fresh Tariffs, India Among 17 Economies In 10% Lower Slab
US President Donald Trump announced fresh Section 301 tariffs on 60 economies, ranging from 10% to 12.5%, citing forced labour concerns.
India was placed in the 10% tariff bracket after initially being considered for 12.5%, following discussions with Washington on labour practices.
Seventeen nations, including India, the UK, Canada, Indonesia, Mexico, and Bangladesh, face the lower 10% tariff rate.
Higher tariffs of 12.5% apply to other economies, including the EU, Taiwan, Japan, Korea, and Switzerland for certain products.
The tariffs take effect from Friday and follow a US Supreme Court setback that limited Trump’s use of emergency powers for tariffs.
Earlier · 2d 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 →Jaishankar meets US's Rubio in Manila, discusses India-US partnership
External Affairs Minister S Jaishankar met US Secretary of State Marco Rubio in Manila.
The meeting occurred on the sidelines of ASEAN meetings.
They discussed India-US partnership including trade, energy, defence, and critical minerals.
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.
