President Donald Trump speaks during a ‘Liberation Day’ event in the Rose Garden at the White House on April 2, 2025 in Washington, D.C. Photo: Samuel Corum/Sipa USA via Reuters Connect.

Trump’s higher tariffs hit major US trading partners, sparking defiance and concern

Higher tariffs likely to impact global supply chains and inflation

Reading Time: 4 minutes U.S. President Donald Trump's higher tariffs on imports from dozens of countries kicked in on Thursday, raising the average U.S. import duty to its highest in a century and leaving major trade partners such as Switzerland, Brazil and India hurriedly searching for a better deal.



Photo: Getty Images

US signals willingness to de-escalate trade war with China

Soybean futures jump on hopes of lower trade barriers

Reading Time: 2 minutes U.S. Treasury Secretary Scott Bessent said on Wednesday that high tariffs between the United States and China are not sustainable, as President Donald Trump's administration signaled openness to de-escalating a trade war between the world's two largest economies that has raised fears of recession.