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Trump announces 100 percent tariff on pharmaceuticals
US President Donald Trump has announced a 100 percent tariff on pharmaceutical imports, with exceptions for companies that produce in the USA. This could have significant implications for the German pharmaceutical industry.
US auto tariffs reduced to 15 percent
US tariffs on auto imports from the EU will be retroactively reduced to 15 percent, providing relief for car manufacturers. The trade agreement between the EU and the US is now fully implemented.
TikTok deal between USA and China in sight
US President Trump claims that an agreement on TikTok with Chinese President Xi Jinping is imminent, while details remain unclear.
Supreme Court Examines Trump's Tariff Policy
The U.S. Supreme Court will examine the legality of Trump's tariffs after a lower court deemed them overreaching. The decision could have significant implications for trade agreements with the EU and other countries.
EU Commission Advances Mercosur Free Trade Agreement
The EU Commission has advanced the Mercosur agreement to promote trade with South America and introduced protective clauses for agricultural products to overcome resistance.
EU and USA agree on tariff reductions
The USA and the EU have agreed to reduce car tariffs to 15 percent to resolve their trade conflict. Additional agreements include the elimination of tariffs on US industrial goods and energy imports.
USA and China Extend Tariff Pause
The USA and China have suspended tariffs in the trade dispute for another 90 days. Both countries are seeking an agreement while existing tariffs remain in place.
US Tariffs for 70 Countries Come into Effect
The new US tariffs on imports affect nearly 70 countries and raise concerns in the German economy. President Trump threatens further increases if investments from Europe do not materialize.
Switzerland sends delegation to Washington for tariff negotiations
Switzerland is sending a delegation to Washington to negotiate tariffs with the US after Trump unexpectedly raised them to 39 percent. The mission aims to present a more attractive offer to reduce the tariff burden on Swiss exports.
Trump postpones tariffs by one week
US President Trump has postponed the introduction of new tariffs to August 7, having previously announced August 1. The tariffs affect numerous countries and are introduced in response to trade imbalances.
US Tariff Dispute with Mexico Temporarily Eased
The US and Mexico have reached an agreement on tariff regulations, temporarily preventing an increase in tariffs. Further negotiations are planned for the next 90 days.
Trump announces tariffs against India
US President Donald Trump has announced a 25 percent tariff on goods from India, which could strain trade relations between the two countries. The decision is seen as a setback for negotiations on a trade agreement.
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