The low-cost shipments were previously excluded from tariffs; President Trump said the loophole has allowed countries to avoid taxes and smuggle drugs into the U.S.

India buys military equipment and oil from Russia, enabling Moscow's war in Ukraine—leading to the additional penalties.

Trump says Russia tariffs will be imposed in 10 days * Ukrainian drones strike train station, rail infrastructure amid large-scale attack on Russia's Rostov Oblast * Zelensky signs law allowing citizens over 60 to join military during wartime * Ukraine shows footage of FPV drones attacking Russian-held gas rig in first such deployment * 'Another proof of Russia's war crimes' — Russian air strike on Ukrainian prison kills 16 inmates U.

The Kremlin has responded to US President Donald Trump's fresh warning of new tariffs on Russia. Trump stated that the US would impose tariffs and other measures within 10 days if Moscow fails to make progress toward ending its war in Ukraine.

President Donald Trump signed executive actions on Wednesday imposing a 50% tariff on Brazil, a 50% tariff on certain copper products and suspending a tax perk for all countries that allowed cheap packages to fly into the US duty-free.

President Donald Trump signed an executive order Wednesday to impose his threatened 50% tariffs on Brazil, setting a legal rationale that Brazil’s policies a

US President Donald Trump signed an executive order ending a global tariff exemption used by shoppers of low-cost goods. The order, signed on Wednesday, comes into force on 29 August and broadens earlier presidential action that specifically targeted cheap products from China and Hong Kong to now cover the rest of the world.

Gov. Gretchen Whitmer said Michigan parents starting back-to-school shopping should expect to pay more for backpacks and shoes as a result of President Donald Trump’s tariffs.

Price hikes are in the mid-single digits across categories, a spokesperson for the company said. Consumer goods, food and drink companies have struggled with lackluster sales since the pandemic, as shoppers have balked at increasingly expensive name-brand packaged food.

President Donald Trump's blanket tariffs scheduled for Aug. 1 could bring higher prices on certain foods, economist says. Here's what to know.