Trump Tariffs
US-Canada trade war escalates after talks collapse over sovereignty clauses
US-Canada trade talks collapse over sovereignty clauses as Trump imposes 50% tariffs. Carney vows dollar-for-dollar retaliation. Trump claims Canada wants "state benefits without being one."
Trump pauses 50% Canada tariffs after last-minute trade deal
The last-minute delay was announced less than two hours before the crushing duties on more than $20billion worth of Canadian imports were set to take effect.
US returns $100billion in ‘Liberation Day’ tariffs after Supreme Court defeat
Most of the money collected under Donald Trump’s sweeping import-tax programme has been cleared for repayment, but billions more remain under review.
Supreme Court rules Trump tariffs illegal, halting $1.4trillion in duties
The Supreme Court's ruling has profound constitutional, fiscal and operational implications beyond the cessation of certain duties.
US-China trade war reaches one-year truce
On Oct 30, Trump and Xi Jinping agreed to a one-year trade truce in a meeting in South Korea. Both sides agree to reduce their reciprocal tariffs.
2025 ASEAN Summit: China signs trade pact with ASEAN
The agreement would open the door to greater market access in agriculture, the digital economy, and pharmaceuticals between the two parties.
2025 ASEAN Summit: US signs trade pacts with four states
These deals were designed to address trade imbalances, reduce tariffs on American exports, and secure supply chains for critical minerals.
The EU reaches deal with US, averting tariffs
In July 2025, the United States and the European Union (EU) reached a trade agreement that set a 15% baseline US tariff on most EU exports
BRICS Summit in Rio adopts 126 commitments on AI, climate and de-dollarisation
The 2025 BRICS summit in Rio was focused on locking in BRICS’ role as a Global South governance bloc across AI, climate finance and others.
US-UK Economic Prosperity Deal aims to cut tariffs, boost trade
The Economic Prosperity Deal (EPD) was announced in May 2025 by UK PM Keir Starmer and President Trump to de-escalate trade tensions.
Markets suffer tariff whiplash before snapping back
A significant stock market downturn occurred in April 2025, triggered by the Trump administration's implementation of sweeping new tariffs.
Trump declares Liberation Day in 2025
On April 2, 2025, President Trump announced its “Liberation Day" tariffs on US imports, followed by higher, targeted “reciprocal tariffs”.
Trump imposes tariffs on top three trading partners: Canada, Mexico and China
In early Feb 2025, President Donald Trump imposed sweeping new tariffs on Mexico, Canada and China, citing illegal immigration and the flow of illicit fentanyl.