Trump hit most Canadian goods with 50% tariffs over trade disputes
Why it matters: The levies start in 30 days, cover some goods once shielded by USMCA, and could widen a new U.S.-Canada trade war.
The New York Times, CNBC +3
Subject
#Tariffs
Trump sets 100% tariff on generic drug imports starting in 2028
Why it matters: India supplies nearly half of generic medicines used in the U.S., and the levy rises to 200% in 2029.
The Straits Times, CNBC +1
Trump hit most Canadian goods with 50% tariffs, with 30-day delay
Why it matters: The levies would reach products once shielded by USMCA, while energy, potash, fish and critical minerals stay exempt.
The New York Times, BBC News (US & Canada) +5
US readies tariffs on imports from 60 economies as Friday deadline nears
What's next: The current 10% Section 122 tariffs expire Friday, and proposed Section 301 duties could reach 12.5% on goods tied to forced labor concerns.
Bloomberg, CNBC +1
Trump Media markets fast Truth Social feed to banks, traders
What's new: The Financial Times reported the service was pitched at up to $100,000 a month for early access to market-moving posts.
US hit most Brazilian goods with 25% tariffs starting July 22
What's next: A separate US forced-labor probe could add another 12.5% duty on Brazilian imports as soon as next week.
Bloomberg, The New York Times +4
US, India End 2 Days of Trade Talks Without Interim Deal Clarity
Why it matters: A pact could protect Indian exporters from higher US tariffs and widen US access to a fast-growing market.
Bloomberg, The Straits Times
EU clears US tariff pact before Trump’s July 4 deadline
What’s new: The deal adds EU safeguards, including a suspension option and a sunset clause at the end of 2029.
Bloomberg, The Straits Times
US moves toward tariffs up to 12.5% on 60 economies over forced labor
What's next: Public comments run through July 6, with hearings on July 7 as China and the EU push back on the plan.
The New York Times, Bloomberg +3