The Trump administration is considering duties on finished products containing chips—laptops, data center servers and gaming consoles—as PC prices already sit more than 20% above year-ago levels.
Tag: tariffs
Posted inEconomy
Trump Pauses Canada’s 50% Tariffs for Three Days After Last-Minute Deal Claim
Trump paused 50% tariffs on Canadian goods Wednesday, citing an imminent deal less than 90 minutes before the scheduled 12:01 a.m. deadline.
Posted inEconomy
Canada Warns New Tariffs Will Halt Trade Talks as August 19 Deadline Arrives
Canada’s chief negotiator warned Washington that the August 19 tariff deadline risks derailing all bilateral trade talks and forcing Ottawa to retaliate.
Posted inEconomy
Washington’s 50% Canada Tariffs Take Effect August 19, Covering 550 Product Lines
Three presidential proclamations signed July 20 impose 50% duties on over 550 Canadian product lines from August 19, with no USMCA exemption and no expiry date.
Posted inEconomy
US Trade Deficit Narrows to $73.3 Billion in June as Imports Slow
The US goods and services deficit fell to $73.3 billion in June 2026, down $4.4 billion from May, as import volumes contracted faster than exports, according to BEA data released August 4.
Posted inGeopolitics
Beijing Calls Washington Over Trade Curbs as Xi’s September Visit Approaches
Chinese Vice-Premier He Lifeng raised “serious concern” over US trade restrictions in a July 30 call with Treasury Secretary Scott Bessent and USTR Jamieson Greer, as both sides try to stabilise relations before Xi Jinping’s expected September visit.
Posted inEconomy
US Section 122 Blanket Tariff Expires Thursday as Section 301 Phase Begins
The 10% Section 122 blanket surcharge on US imports expires July 24, as the Trump administration prepares Section 301 replacements with no statutory time limit.
Posted inEconomy
Trump Levies 50% Tariffs on Canada Under a Trade Law Unused for Nearly a Century
Using a trade law last invoked in the 1930s, Trump on July 21 announced additional 50% tariffs on $20 billion of Canadian goods to take effect in 30 days.
Posted inEconomy
US trade deficit widens to $77.6 billion in May as imports surge
The US goods and services trade deficit expanded by $23 billion to $77.6 billion in May 2026, the Bureau of Economic Analysis reported on 7 July, driven by a sharp rise in imports and a fall in exports.
Posted inEconomy
UK-India free trade deal enters force July 15 with Scotch whisky tariffs halved
The UK-India FTA takes effect on 15 July, halving Indian tariffs on Scotch whisky from 150% to 75% and opening markets across pharmaceuticals, cars and financial services.