The pact involves a reduction of the so-called reciprocal tariffs, especially on Pakistani exports, but no details on tariffs were shared by either side.
July 31, 2025Search
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Key Inflation Gauge Rises as Tariffs Lift Consumer Prices
Prices rose 2.6% in June compared with a year ago, the Commerce Department said July 31, up from an annual pace of 2.4% in May.
July 31, 2025Trump Unleashes Flurry of Trade Deals on Eve of Deadline
Trump on July 31 announced tariffs of 15% on imports from South Korea that matched the rate for neighbor Japan, and a painful 25% levy on imports from India.
July 31, 2025Trump to Leverage Canada’s Palestine Stance in Trade Talks
Trump has threatened to impose a 35% tariff on Canada if no deal is reached by Aug. 1.
July 31, 2025Ford Sees Profit Drop With Tariff Cost Rising to $2 Billion
Ford warned profit this year will see a sharp drop on the growing fallout from President Donald Trump’s tariffs, underscoring the policy shifts in Washington that are upending the auto industry.
July 31, 2025Trump Delays 50% Brazil Levy, Excludes Orange Juice, Embraer
President Donald Trump delayed the implementation of 50% tariffs on Brazilian exports by seven days while exempting many products from the punishing levy.
July 30, 2025Trump Ends Tariff Break for Low-Value Imported Goods
President Donald Trump on July 30 signed an executive order suspending the de minimis exemption, applying tariffs to low-value imports from all trading partners.
July 30, 2025Trump Spares Copper Market From Worst With 50% Duty on Products
President Donald Trump imposed a 50% tariff on all semi-finished copper products coming into the U.S. but stopped short of applying the duty to imported refined copper.
July 30, 2025Ohio to Add 1,400 Long-Term Truck Parking Spots
Ohio aims to lead the nation with the most long-term truck parking spots on state property by adding 1,400 new spaces in 33 locations, Gov. Mike DeWine announced.
July 30, 2025Federal Reserve Leaves Interest Rates Unchanged
Chair Jerome Powell has said the Fed would likely have cut rates already if not for President Donald Trump’s sweeping tariffs.
July 30, 2025