WASHINGTON (Reuters) -U.S. President Donald Trump said on Monday that India has offered to reduce its tariffs on U.S. goods to zero, even as Indian Prime Minister Narendra Modi was making public shows of solidarity with Chinese and Russian leaders in the face of trade pressure from Washington.
While calling the U.S. relationship with India &#8220;one sided,&#8221; Trump wrote on his Truth Social platform: &#8220;They have now offered to cut their Tariffs to nothing, but it’s getting late. They should have done so years ago.&#8221;
The Indian Embassy in Washington did not immediately respond to Trump&#8217;s comments, which follow the implementation of total duties as high as 50% on Indian goods that have raised questions about the future of the U.S.-India relationship.
Trump&#8217;s remark came as Modi was in China for a summit of more than 20 leaders of non-Western countries of the Shanghai Cooperation Organisation, a China-backed initiative given renewed impetus by Trump&#8217;s global tariff offensive.
At the summit, Chinese President Xi Jinping pressed his vision for a new global security and economic order that prioritizes the &#8220;Global South,&#8221; in a direct challenge to the U.S.
The U.S.-India relationship has strengthened in recent years, including during Trump&#8217;s first term, given shared concerns about China&#8217;s growing power, but Trump threatened the tariffs on India after it refused to stop buying Russian oil in defiance of his efforts to end Moscow&#8217;s war in Ukraine.
In China, in an image designed to convey solidarity, Putin and Modi were shown holding hands as they walked jovially toward Xi before the summit opened. The three men stood shoulder-to-shoulder, laughing and surrounded by interpreters.
Beijing has used the summit to mend ties with New Delhi. Modi, visiting China for the first time in seven years, and Xi agreed on Sunday their countries are development partners, not rivals, and discussed ways to improve trade.
The U.S. State Department and White House did not immediately respond to requests for comment on the meetings in China.
(Reporting by Jasper Ward and David Brunnstrom; editing by Scott Malone, Rod Nickel)

FILE PHOTO: Indian Prime Minister Narendra Modi meets with U.S. President Donald Trump at the White House

Trump Says His Tough Trade Stance Is Working In Stand-Off With India

Donald Trump

Economy

Executive

India

Politics

Tariffs

Trade War

President Donald Trump warned Monday that countries imposing digital taxes on American tech companies will face significant tariffs if they don&#8217;t remove them.
Without naming a specific country, Trump said that some nations had given a “complete pass” to China’s tech companies while penalizing American competitors. Some countries, like Canada and India, have already backed away from digital taxes after pressure from the Trump administration. 
“As the President of the United States, I will stand up to Countries that attack our incredible American Tech Companies. Digital Taxes, Digital Services Legislation, and Digital Markets Regulations are all designed to harm, or discriminate against, American Technology,” Trump wrote on Truth Social. 
“This must end, and end NOW! With this TRUTH, I put all Countries with Digital Taxes, Legislation, Rules, or Regulations, on notice that unless these discriminatory actions are removed, I, as President of the United States, will impose substantial additional Tariffs on that Country&#8217;s Exports to the U.S.A., and institute Export restrictions on our Highly Protected Technology and Chips,” he added. “America, and American Technology Companies, are neither the ‘piggy bank’ nor the ‘doormat’ of the World any longer. Show respect to America and our amazing Tech Companies or, consider the consequences!”
<a href="https://get.dailywire.com/subscribe/plus/?utm_campaign=summer&amp;utm_content=editorialsummersale&amp;utm_medium=website&amp;utm_source=editorial" target="_blank" rel="noopener">End of Summer Sale – Get 40% off New DailyWire+ Annual Memberships</a>
In June, Canada <a href="https://www.dailywire.com/news/canada-caves-digital-tax-on-u-s-tech-scrapped-after-trump-pressure">rescinded</a> its Digital Service Tax as part of ongoing trade negotiations with the United States. The tax would have hit American tech companies like Amazon, Google, Meta, and Apple hard, and could have cost American businesses up to $2.3 billion annually. 
India also <a href="https://www.reuters.com/world/india/india-proposes-remove-equalisation-levy-digital-services-government-source-says-2025-03-25/">backed away</a> from a 6% digital advertising tax in April after pressure from American officials. 
Many European countries, like France and Switzerland, have <a href="https://taxfoundation.org/data/all/eu/digital-services-taxes-europe/" target="_blank" rel="noopener">implemented</a> digital taxes, while others, like Belgium and the Netherlands, are considering implementing them. France taxes major tech companies 3% on revenue from digital services and targeted advertising. 
In the trade deal between the European Union and the United States, both entities agreed to address “unjustified digital trade barriers.” 
“In that respect, The European Union confirms that it will not adopt or maintain network usage fees,” the framework said. “The United States and the European Union will not impose customs duties on electronic transmissions.”
It is unclear if the agreement will address digital service taxes.

President Trump Signs Executive Orders In The Oval Office Of The White House

Trump To Foreign Governments: Drop Taxes On Big Tech Or Face ‘Consequences’

Trump To Foreign Governments: Drop Taxes On Big Tech Or Face 'Consequences'

China

European Union

Taxes

Technology

Canadian Prime Minister Mark Carney <a href="https://x.com/i/broadcasts/1BRKjgpmOdNGw">announced</a> on Friday that the country was suspending many of its retaliatory tariffs on the United States after the Trump administration &#8220;reaffirmed&#8221; its commitment to the U.S.-Mexico-Canada trade agreement (USMCA).
Canada is removing tariffs on most products from the United States, but will keep in place a 25% levy on U.S. steel, aluminum, and vehicles, since those products are not directly covered under the USMCA. In March, Canada placed a 25% tariff on many U.S. products after the Trump administration imposed a 25% duty on Canadian steel and aluminum.
Bloomberg was first to <a href="https://www.bloomberg.com/news/articles/2025-08-22/canada-to-drop-many-retaliatory-tariffs-in-olive-branch-to-trump">report</a> on Carney&#8217;s announcement, saying that the move appears to be the Canadian government extending an &#8220;olive branch&#8221; to President Donald Trump.
&#8220;As in previous trade disputes, Canada has implemented a series of retaliatory tariffs. Their objectives have been to protect Canadian workers and businesses and to incentivize a negotiated settlement with the United States. A few other countries followed suit,&#8221; Carney said. &#8220;In a positive and very important development earlier this month, just a few weeks ago, the United States reaffirmed a core commitment to our free trade agreement by reinforcing that those Canadian exports to the United States that are compliant with that agreement &#8230; will not be subject to &#8230; tariffs.&#8221;
&#8220;As a result of that decision by the United States, the actual U.S. tariff rate on Canadian goods is 5.6%,&#8221; Carney added. &#8220;Compare that to the 16% global average. That remains the lowest amongst all of the United States&#8217; trading partners, and more than 85% of Canada-U.S. trade is now tariff-free.&#8221;
<a href="https://get.dailywire.com/subscribe/plus/?utm_campaign=summer&amp;utm_content=editorialsummersale&amp;utm_medium=website&amp;utm_source=editorial" target="_blank" rel="noopener">End of Summer Sale – Get 40% off New DailyWire+ Annual Memberships</a>
While Trump signed an order in late July imposing a 35% tariff on Canadian goods, the White House <a href="https://www.whitehouse.gov/fact-sheets/2025/07/fact-sheet-president-donald-j-trump-amends-duties-to-address-the-flow-of-illicit-drugs-across-our-northern-border/#:~:text=ADDRESSING%20A%20NATIONAL%20EMERGENCY:%20Today,effect%20on%20August%201%2C%202025.">clarified</a> that most products are exempt under the USMCA, putting the actual average tariff rate on Canada at 5.6%. The prime minister said that Canada &#8220;has the best trade deal with the United States&#8221; as the numbers stand right now.
A White House official told <a href="https://www.cnbc.com/2025/08/22/canada-retaliatory-tariffs-trump-autos-steel.html">CNBC</a> that Canada&#8217;s move was &#8220;long overdue,&#8221; adding, “We look forward to continuing our discussions with Canada on the Administration’s trade and national security concerns.&#8221; A White House official, speaking on condition of anonymity, reportedly told Bloomberg that Commerce Secretary Howard Lutnick recently warned Canada about the retaliatory tariffs and encouraged them to drop the tariffs to set up a clear path to negotiations.
Canada backed down on its retaliatory tariffs after Carney spoke with Trump over the phone, a conversation that Carney called “productive and wide-ranging.” The USMCA, a deal that Trump negotiated during his first term in the White House, is set to be reviewed later this year, according to CNBC. Carney added during his press conference on Friday that Canada will continue to discuss &#8220;a new form of trade and security partnership with the United States.&#8221;

President Trump Travels To Bedminster For The Weekend

Trump Scores Trade Win As Canada Removes Several Retaliatory Tariffs On U.S.

Canada

Free Trade

Mark Carney

President Donald Trump recently announced a trade deal with the European Union that will be a major victory for America.
While the deal was rightly widely celebrated, one of the key pillars with massive economic implications was largely overlooked in the media’s coverage: addressing “unjustified digital trade barriers.”
Europe is deliberately siphoning revenue from American tech and telecommunication companies while shielding its own firms from meaningful competition. They are also turning these tech platforms into <a href="https://www.politico.com/news/2025/07/22/state-department-attacks-europe-free-speech-00468916" target="_blank" rel="noopener">tools of censorship</a> that punish their own constituents and undermine our shared belief in the open exchange of ideas.
My colleagues and I exposed Europe’s attack on the American digital services industry in a new <a href="https://publicpolicysolutionsusa.org/new-report-public-policy-solutions-exposes-europes-attack-on-the-american-digital-services-industry/" target="_blank" rel="noopener">report</a>. We examined the tools the EU and its constituent countries have used to build a web of protectionist policies and targeted regulations and fees to tip the scales in favor of European business and attempt to end American leadership of the digital economy.
While our open market allows competition among competitors, this European system is curtailing American companies’ growth in Europe. As we write in the report: “Despite the fact that American companies are by far the biggest players in this sector globally, EU digital service exports to the U.S. rose by more than $8 billion from 2013-2023, while the U.S. digital services exports to the EU rose by only $5 billion in the same time period.”
Addressing these targeted fees was a significant, hard-fought win for the Trump administration. When American tech and telecom companies are unfairly targeted with exorbitant fees — in some cases more than double than fees assessed to Chinese competitors — it crushes their ability to be leaders in innovation and creates uncertainty that is bad for business and consumers.
That’s why for months <a href="https://x.com/WarMachineRR/status/1938657885870837898" target="_blank" rel="noopener">President Trump</a>, Treasury Secretary <a href="https://x.com/WarMachineRR/status/1932878263048941779" target="_blank" rel="noopener">Scott Bessent</a>, Commerce Secretary <a href="https://x.com/howardlutnick/status/1939640588883861625" target="_blank" rel="noopener">Howard Lutnick</a>, National Economic Council Director <a href="https://x.com/WarMachineRR/status/1939700859052405063" target="_blank" rel="noopener">Kevin Hasset</a>, and more members of the administration have called our allies to the carpet for their unfair treatment of American tech and telecom companies. The administration said addressing this egregious non-tariff barrier would be part of any trade deal and they delivered on that promise.
But even after President Trump declared victory on the issue, commentators <a href="https://www.cnbc.com/video/2025/07/28/scant-details-on-digital-service-tax-in-u-s-eu-trade-deal.html" target="_blank" rel="noopener">raised questions</a> about the details of how the deal would address the Europeans’ predatory digital tax and regulatory regime. In fact, unnamed EU officials have <a href="https://www.politico.eu/article/trade-deal-us-attacks-eu-tech-rules-donald-trump-digital-competition-ai/" target="_blank" rel="noopener">asserted</a> that their digital regulation scheme was not sacrificed.
In his first <a href="https://www.youtube.com/live/a6h6nTPoKTk" target="_blank" rel="noopener">public appearance</a> after the trade deal was announced, Bessent doubled down on the Trump administration’s strong stance against the EU regulatory regime.
“They [Europeans] have just given up. It is a regulatory morass,” he said. “The EU internally taxes themselves 100% on services and 50% on goods. The EU was supposed get rid of economic friction, whether it is in finance, whether it is in technology, whether it was in energy. All the EU wants to do is overregulate.” 
At the same time, Lutnick hammered home President Trump’s position reiterating that the EU’s “attack on our tech companies” was “going to be on the table.”
The unnamed EU officials claiming they’d made “absolutely no commitment on digital regulation, nor on digital taxes” might want to check back with their bosses. Ditto those EU constituent countries already looking for backdoors to impose network usage fees on American companies — explicitly taken off the table in the trade deal — through new and creative regulatory schemes.
But President Trump has made clear his expectations, and he maintains significant leverage. After Canada announced it was putting a digital service tax on American technologies, President Trump proclaimed on <a href="https://x.com/WarMachineRR/status/1938657885870837898/photo/1" target="_blank" rel="noopener">Truth Social</a>, &#8220;They are obviously copying the European Union, which has done the same thing, and is currently under discussion with us.&#8221;
At his promise of reciprocal tariffs, Canada quickly reversed course.
While the EU tries to muddy the waters and cast doubt on President Trump’s deal, one thing that is not in doubt is the president’s negotiating prowess. Whether through their own firsthand experience or the short-lived episode with Canada, the EU would be wise not to backtrack or try to weasel out of commitments to end the targeting of American companies.
President Trump has made it clear he is fighting for a fair relationship that no longer punishes American innovation, emboldens Chinese influence, or weakens America’s relationship with Europe. Our European allies must stick to their end of the deal.
Joe Grogan served as Assistant to President Donald Trump for Domestic Policy from 2019-2020 and Associate Director of the Office of Management and Budget from 2017-2019.
The views expressed in this piece are those of the author and do not necessarily represent those of The Daily Wire.

FILE PHOTO: European Union leaders summit in Brussels

Europe Should Think Twice About Trade Deal Backpedaling

President Donald Trump <a href="https://x.com/RapidResponse47/status/1953092521753473316?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1953092521753473316%7Ctwgr%5E8bd5f77e33536976d6e2a0c7da1f5c767427ea13%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Findianexpress.com%2Farticle%2Fworld%2Ftrump-india-25-percent-additional-tariff-10173917%2F">signed</a> an executive order on Wednesday morning, imposing an additional 25% tariff on India in response to its continued purchases of Russian oil.
The new 25% tariff means that the tariff rate on India now sits at 50%. The Trump administration <a href="https://www.dailywire.com/news/trump-slaps-india-with-25-tariff-unspecified-penalty-for-dealing-with-russia?author=Leif+Le+Mahieu&amp;category=News&amp;elementPosition=undefined&amp;row=0&amp;rowType=Vertical+List&amp;title=Trump+Slaps+India+With+25%25+Tariff%2C+Unspecified+%E2%80%98Penalty%E2%80%99+For+Dealing+With+Russia">imposed</a> a 25% tariff on India last week as it unrolled the president&#8217;s delayed &#8220;Liberation Day&#8221; duties on countries across the globe.
Trump has also threatened to hit Russia with a 100% secondary tariff if Moscow does not reach a peace deal with Ukraine by the end of the week. A secondary tariff would affect Russia by punishing the countries that do business with it, meaning India could see its tariff rate rise even higher.
The initial 25% tariff on India is set to take effect Thursday, with the new tariff scheduled to begin in 21 days. At a 50% tariff rate, India will be among the countries hit the hardest by Trump&#8217;s tariffs, alongside China and Brazil.
Trump&#8217;s executive order on Wednesday is a follow-through on his <a href="https://www.dailywire.com/news/trump-says-he-will-substantially-raise-tariff-on-india-for-buying-and-selling-russian-oil?author=Zach+Jewell&amp;category=News&amp;elementPosition=undefined&amp;row=0&amp;rowType=Vertical+List&amp;title=Trump+Says+He+Will+%E2%80%98Substantially%E2%80%99+Raise+Tariff+On+India+For+Buying+And+Selling+Russian+Oil">promise</a> earlier this week to &#8220;substantially&#8221; raise the tariff rate on India after he pressured the country to stop &#8220;fueling the [Russian] war machine.&#8221; India ramped up Russian oil purchases in the months following Russian President Vladimir Putin&#8217;s invasion of Ukraine in February 2022.
&#8220;India is not only buying massive amounts of Russian oil, they are then, for much of the oil purchased, selling it on the Open Market for big profits. They don&#8217;t care how many people in Ukraine are being killed by the Russian War Machine,&#8221; Trump said on Monday. &#8220;Because of this, I will be substantially raising the tariff paid by India to the USA. Thank you for your attention to this matter!!!&#8221;
While India isn&#8217;t a key U.S. trading partner, it still exports tens of billions of dollars worth of goods to the United States each year. Indian exports to the United States include diamonds, jewelry, textiles, refined petroleum, and pharmaceuticals. India pushed back against criticism from the United States and the European Union over its purchases of Russian oil, saying that it is being &#8220;targeted.&#8221; The country added that &#8220;it is revealing that the very nations criticizing India are themselves indulging in trade with Russia.&#8221;

Trump Doubles Tariff On India For Fueling ‘Russian War Machine’

Russia

Ukraine-Russia War

BRUSSELS (Reuters) — The European Union will suspend its two packages of countermeasures to U.S. tariffs for six months following a deal with U.S. President Donald Trump, a Commission spokesperson said on Monday.
The E.U.-U.S. agreement leaves many questions open, including tariff rates on spirits, and Trump&#8217;s executive order last week setting tariffs on most E.U. goods at 15%, which did not include carve-outs such as for cars and car parts.
E.U. officials have said they expect more executive orders to follow soon.
&#8220;The E.U. continues to work with the U.S. to finalize a Joint Statement, as agreed on 27 July,&#8221; the spokesperson said in a statement.
&#8220;With these objectives in mind, the Commission will take the necessary steps to suspend by 6 months the E.U.’s countermeasures against the U.S., which were due to enter into force on 7 August.&#8221;
The retaliatory tariffs are in two parts: one in response to U.S. steel and aluminium duties, and the other to Trump&#8217;s baseline and car tariffs.
(Reporting by Julia Payne; Editing by Toby Chopra)

Donald Trump/Ursula von der Leyen

E.U. To Suspend Retaliatory Tariff On U.S. For Six Months As Massive Trade Deal Is Finalized

U.S.

Sen. Josh Hawley (R-MO) unveiled a bill this week that would offer tax rebates to &#8220;hard-working&#8221; Americans and their families using revenue attained from tariffs championed by President Donald Trump.
The <a href="https://www.hawley.senate.gov/wp-content/uploads/2025/07/Hawley-American-Worker-Rebate-Act-Bill-Text.pdf" target="_blank" rel="noopener">legislation</a>, called the American Worker Rebate Act of 2025, aims to amend the Internal Revenue Code of 1986 and provides credits of at least $600 to each qualifying adult and child starting this year, with <a href="https://www.hawley.senate.gov/hawley-introduces-legislation-to-send-rebate-checks-to-working-americans/" target="_blank" rel="noopener">potential</a> increases if collections beat projections.
Modeled after the 2020 stimulus payments, the bill proposes decreasing rebates for those who earn more than a certain amount of money. Specifically, the credits shrink by 5% for adjusted gross income above $150,000 for joint filers, $112,500 for heads of household, or $75,000 for other taxpayers.
Hawley introduced the legislation after Trump suggested last week that his administration was considering the prospect of rebates, citing revenue the United States is taking in from tariffs.
&#8220;We have so much money coming in, we&#8217;re thinking about a little rebate, but the big thing we want to do is pay down debt. We&#8217;re thinking about a rebate,&#8221; Trump <a href="https://x.com/Acyn/status/1948745482484023525" target="_blank" rel="noopener">said</a> to a reporter outside the White House.
Tariffs led to concerns about inflation, but revenues from the levies issued by Trump exceeded the expectations of &#8220;experts&#8221; and brought in more than $100 billion over the first six months of his second term, The Daily Wire <a href="https://www.dailywire.com/news/how-trumps-economy-continues-to-defy-the-experts-and-shock-the-panicans" target="_blank" rel="noopener">reported</a> last week.
&#8220;Americans deserve a tax rebate after four years of Biden policies that have devastated families’ savings and livelihoods,&#8221; Hawley said in a statement. &#8220;Like President Trump proposed, my legislation would allow hard-working Americans to benefit from the wealth that Trump’s tariffs are returning to this country.&#8221;
Trump has struck a number of framework agreements since announcing &#8220;Liberation Day&#8221; tariffs as part of a bid to get other countries to negotiate trade deals and establish more favorable terms for the United States.
On Sunday, Trump <a href="https://www.dailywire.com/news/trump-secures-biggest-of-all-trade-deals-with-eu" target="_blank" rel="noopener">announced</a> what he called &#8220;the biggest of all the deals,&#8221; in which the European Union agreed to invest hundreds of billions of dollars in the United States, open up its member nations to trade with America, and settle on a 15% tariff rate on many imports from the bloc.

Sen. Josh Hawley

Hawley Bill Sends Tariff Surplus Back To Americans

Hawley Bill Sends Tariff Surplus Back to Americans

Congress

Josh Hawley

U.S. Senate

President Donald Trump announced on Sunday the &#8220;biggest&#8221; trade deal of them all with the European Union (EU).
Sitting with European Commission President Ursula von der Leyen in Turnberry, Scotland, Trump read off a piece of paper the various major takeaways from their agreement.
<blockquote class="twitter-tweet" data-media-max-width="560">
.<a href="https://twitter.com/POTUS?ref_src=twsrc%5Etfw">@POTUS</a> announces a landmark trade deal with the European Union: &#8220;I think it&#8217;s the biggest deal ever made.&#8221; <a href="https://t.co/HqVK2yCTti">pic.twitter.com/HqVK2yCTti</a>
— Rapid Response 47 (@RapidResponse47) <a href="https://twitter.com/RapidResponse47/status/1949527667478319115?ref_src=twsrc%5Etfw">July 27, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
As part of the deal, per Trump&#8217;s description, the EU will purchase $750 billion worth of energy from the United States, agree to invest $600 billion more than the bloc is already investing, open up its countries up to trade with America, and buy a &#8220;vast amount&#8221; of military equipment.
Trump also noted the tariffs for automobiles and other EU imports will be a &#8220;straight across&#8221; rate of 15%. However, he <a href="https://www.youtube.com/watch?v=1ovz1cz0nzE" target="_blank" rel="noopener">said</a> the 50% levies on steel and aluminum for U.S. trade partners would remain in effect.
Von der Leyen affirmed that a deal had been struck.
&#8220;We have a trade deal between the two largest economies in the world — and it&#8217;s a big deal. It&#8217;s a huge deal. It will bring stability. It will bring predictability. That&#8217;s very important for our businesses on both sides of the Atlantic,&#8221; she said.
<blockquote class="twitter-tweet" data-media-max-width="560">
.<a href="https://twitter.com/vonderleyen?ref_src=twsrc%5Etfw">@vonderleyen</a>: &#8220;We have a trade deal between the two largest economies in the world — and it&#8217;s a big deal. It&#8217;s a huge deal.&#8221; <a href="https://t.co/vuDZdRjPPJ">pic.twitter.com/vuDZdRjPPJ</a>
— Rapid Response 47 (@RapidResponse47) <a href="https://twitter.com/RapidResponse47/status/1949527995393216846?ref_src=twsrc%5Etfw">July 27, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
Von der Leyen further noted that a resolution was reached after some &#8220;tough&#8221; negotiations.
Trump set an August 1 deadline for countries to reach a trade deal with the United States or endure higher tariff rates. The EU was facing a <a href="https://www.politico.com/news/2025/07/12/trump-european-union-mexico-tariffs-00449916" target="_blank" rel="noopener">penalty</a> of 30% on imports.
&#8220;It&#8217;s the biggest of all the deals,&#8221; Trump declared.
It was not clear what, if any, concessions Trump made in the discussions.
Von der Leyen did say that a &#8220;starting point&#8221; was rectifying an &#8220;imbalance&#8221; in which the EU side had a &#8220;surplus&#8221; and the United States had a &#8220;deficit.&#8221; She also said the deal would &#8220;enable trade on both sides, which means good jobs on both sides of the Atlantic.&#8221;
Over the past couple of months, following &#8220;Liberation Day&#8221; in April, the Trump administration has struck framework agreements with countries such as <a href="https://www.dailywire.com/news/trump-unveils-terms-of-done-trade-deal-with-china" target="_blank" rel="noopener">China</a>, the <a href="https://www.dailywire.com/news/both-countries-will-become-stronger-trumps-trade-deal-will-give-u-s-more-access-to-u-k-economy" target="_blank" rel="noopener">United Kingdom</a>, and <a href="https://www.dailywire.com/news/trump-lands-indonesia-trade-deal-as-e-u-readies-retaliation" target="_blank" rel="noopener">Indonesia</a>.
Trump <a href="https://www.dailywire.com/news/trump-says-japan-will-invest-half-a-trillion-dollars-in-u-s-largest-deal-ever-made" target="_blank" rel="noopener">revealed</a> last week that Japan would invest over half a trillion dollars into the United States in “perhaps the largest Deal ever made.&#8221; South Korea is <a href="https://www.reuters.com/world/asia-pacific/south-korea-seeks-mutually-agreeable-us-trade-package-2025-07-26/" target="_blank" rel="noopener">working</a> on a trade proposal before it faces a tariff hike at the beginning of next month.

President Donald Trump (R) shakes hands with European Commission President Ursula von der Leyen

Trump Secures ‘Biggest Of All’ Trade Deals With EU

With President Donald Trump’s latest <a href="https://www.dailywire.com/news/trump-lands-indonesia-trade-deal-as-e-u-readies-retaliation" target="_blank" rel="noopener">deadline</a> looming, Commerce Secretary Howard Lutnick declared the next couple of weeks are going to be &#8220;for the record books.&#8221;
Lutnick provided a bullish outlook for the second part of July during a Sunday <a href="https://www.cbsnews.com/news/howard-lutnick-commerce-secretary-face-the-nation-transcript-07-20-2025/" target="_blank" rel="noopener">interview</a> on CBS ahead of August 1 — the date Trump picked for <a href="https://www.dailywire.com/news/trump-lands-indonesia-trade-deal-as-e-u-readies-retaliation" target="_blank" rel="noopener">targeted countries</a> to face steeper tariffs if they fail to reach new trade agreements.
&#8220;The next two weeks are going to be weeks for the record books,&#8221; Lutnick told &#8220;Face The Nation&#8221; anchor Margaret Brennan. &#8220;President Trump is going to deliver for the American people.&#8221;
Over the past couple of months, following &#8220;Liberation Day&#8221; in April, the Trump administration has struck framework agreements with <a href="https://www.dailywire.com/news/trump-unveils-terms-of-done-trade-deal-with-china" target="_blank" rel="noopener">China</a>, the <a href="https://www.dailywire.com/news/both-countries-will-become-stronger-trumps-trade-deal-will-give-u-s-more-access-to-u-k-economy" target="_blank" rel="noopener">United Kingdom</a>, and <a href="https://www.dailywire.com/news/trump-lands-indonesia-trade-deal-as-e-u-readies-retaliation" target="_blank" rel="noopener">Indonesia</a>.
Even though CBS News <a href="https://www.cbsnews.com/news/cbs-news-poll-trump-deportation-program-prices/" target="_blank" rel="noopener">released</a> the results of a poll finding 61% of Americans feel the Trump administration is focusing &#8220;too much&#8221; on tariffs, Lutnick argued they will &#8220;love the deals&#8221; that he and Trump are working to put together.
&#8220;The president figured out the right answer, and sent letters to these countries, said this is going to fix the trade deficit,&#8221; Lutnick asserted. &#8220;This will go a long way to fixing the trade deficit, and that&#8217;s gotten these countries to the table and they&#8217;re going to open their markets or they&#8217;re going to pay the tariff.&#8221;
Lutnick said the Trump administration will impose &#8220;a baseline tariff of 10%&#8221; on “smaller countries&#8221; in Latin America, the Caribbean, and Africa. &#8220;And then the bigger economies will either open themselves up, or they’ll pay a fair tariff to America for not opening themselves up and treating America unfairly.&#8221;
When it comes to the European Union, the commerce secretary said there is &#8220;plenty of room&#8221; for the United States to finalize a new trade agreement. &#8220;I am confident we’ll get a deal done,&#8221; Lutnick contended, though he conceded August 1 is a &#8220;hard deadline&#8221; for the bloc.
However, &#8220;nothing stops countries from talking&#8221; after that date, he said, even as &#8220;they’re going to start paying tariffs.&#8221;
Lutnick also stressed that Trump is &#8220;absolutely going to renegotiate&#8221; the United States-Mexico-Canada Agreement (USMCA) when it reaches a review period next summer.
&#8220;He wants to protect American jobs,&#8221; Lutnick said of the president. &#8220;He doesn&#8217;t want cars built in Canada or Mexico when they could be built in Michigan and Ohio. It&#8217;s just better for American workers. The president&#8217;s got the American workers&#8217; back.&#8221;
The secretary went on, &#8220;That&#8217;s why they elected him. That&#8217;s why the stock market is at all-time highs. They understand the president actually understands business and is doing it the right way.&#8221;
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Commerce Secretary Howard Lutnick

More Trade Deals Imminent? Lutnick Predicts Next Two Weeks Will Be ‘For The Record Books’

Howard Lutnick

Trump Administration

WASHINGTON/BRUSSELS (Reuters) — U.S. President Donald Trump on Tuesday announced a trade deal with Indonesia, the latest pact in a bid to cement better terms with trading partners and reduce a massive trade deficit, even as the European Union readied retaliatory measures should talks between Washington and its top trading partner fail.
&#8220;Great deal, for everybody, just made with Indonesia. I dealt directly with their highly respected President. DETAILS TO FOLLOW!!!&#8221; Trump said in a post on Truth Social.
Indonesia&#8217;s total trade with the United States — totalling just under $40 billion in 2024 — does not rank in the top 15, but it has been growing. U.S. exports to Indonesia rose 3.7% last year, while imports from there were up 4.8%, leaving the U.S. with a goods trade deficit of nearly $18 billion.
The top U.S. import categories from Indonesia, according to U.S. Census Bureau data retrieved on the International Trade Centre&#8217;s TradeMap tool, last year were palm oil, electronics equipment including data routers and switches, footwear, car tires, natural rubber, and frozen shrimp.
Susiwijono Moegiarso, a senior official with Indonesia&#8217;s Coordinating Ministry for Economic Affairs, told Reuters in a text message: &#8220;We are preparing a joint statement between U.S. and Indonesia that will explain the size of reciprocal tariff for Indonesia including the tariff deal, non-tariff and commercial arrangements. We will inform (the public) soon.&#8221;
Trump had threatened the southeast Asian country with a 32% tariff rate effective August 1 in a letter sent to its president last week.
Trump sent similar letters to roughly two dozen trading partners this month, including Canada, Japan, and Brazil, setting blanket tariff rates ranging from 20% up to 50%, as well as a 50% tariff on copper.
The August 1 deadline gives the targeted countries time to negotiate agreements that could lower the threatened tariffs. Some investors and economists have also noted Trump&#8217;s pattern of backing off his tariff threats.
Since launching his tariff policy, Trump has clinched only a few deals despite his team touting an effort to bring home &#8220;90 deals in 90 days.&#8221; So far, framework agreements have been reached with the United Kingdom and Vietnam, and an interim deal has been struck with China to forestall the steepest of Trump&#8217;s tariffs while negotiations continue between Washington and Beijing.
<h3>E.U. READIES RETALIATION</h3>
The breakthrough with Indonesia came as the European Commission, the E.U.&#8217;s governing body, gets set to target 72 billion euros ($84.1 billion) worth of U.S. goods — from Boeing aircraft and bourbon whiskey to cars — for possible tariffs if trade talks with Washington fail.
Trump is threatening a 30% tariff on imports from the E.U. from August 1, a level European officials say is unacceptable and would end normal trade between two of the world&#8217;s largest markets.
The list, sent to E.U. member states and seen by Reuters on Tuesday, pre-dates Trump&#8217;s move over the weekend to ramp up pressure on the 27-nation bloc and responds instead to U.S. duties on cars and car parts and a 10% baseline tariff.
The package also covers chemicals, medical devices, electrical and precision equipment as well as agriculture and food products — a range of fruits and vegetables, along with wine, beer, and spirits &#8211; valued at 6.35 billion euros.
Following a meeting of E.U. ministers in Brussels on Monday, officials said they were still seeking a deal to avoid Trump&#8217;s heavy tariff blow.
But E.U. trade chief Maros Sefcovic said those at the meeting expressed unprecedented resolve to protect E.U. businesses using European countermeasures if negotiations with Washington fail to produce a deal.
(Reporting by Philip Blenkinsop in Brussels and David Lawder in Washington; Additional reporting by Richard Lough in Paris; Amanda Teresia, Stefanno Sulaiman and Gayatri Suroyo in Jakarta; Editing by Daniel Wallis)

A drone view shows stacks of containers at the Tanjung Priok port in Jakarta

Trump Lands Indonesia Trade Deal As E.U. Readies Retaliation

Europe

Global Politics

Indonesia

President Donald Trump said over the weekend that he would hit both Mexico and the European Union with a 30% tariff, effective August 1. 
Trump made the announcements in letters sent to Mexican President Claudia Sheinbaum and European Commission President Ursula von der Leyen on Saturday. In response, von der Leyen stated that the European Union would continue its efforts to reach a trade deal with the United States before the August 1 trade negotiation deadline. 
“The United States of America has agreed to continue working with the European Union, despite having one of our largest Trade Deficits with you. Nevertheless, we have decided to move forward, but only with more balanced and fair TRADE,” Trump <a href="https://truthsocial.com">wrote</a> to von der Leyen. 
He added that there would be no tariffs for European companies that relocate their manufacturing to the United States and that the rates could be adjusted if the European Union dropped trade barriers for American goods. If the European Union retaliated with its own new tariffs, Trump said he would raise the 30% levy by an equal number. 
After Trump&#8217;s letter was posted on Truth Social, von der Leyen <a href="https://ec.europa.eu/commission/presscorner/detail/en/statement_25_1816">said</a> that the tariffs would “disrupt essential transatlantic supply chains.” 
“Few economies in the world match the European Union&#8217;s level of openness and adherence to fair trading practices. The EU has consistently prioritized a negotiated solution with the U.S., reflecting our commitment to dialogue, stability, and a constructive transatlantic partnership,” she said. 
“We remain ready to continue working towards an agreement by August 1. At the same time, we will take all necessary steps to safeguard EU interests, including the adoption of proportionate countermeasures if required,” she added. 
The European Union <a href="https://ustr.gov/countries-regions/europe-middle-east/europe/european-union">exported</a> about $605.8 billion worth of goods to the United States in 2024. Trump has already imposed tariffs on European steel and aluminum.  
Trump’s letter to Mexico said that it was not doing enough to crack down on drug cartels. 
“Mexico has been helping me secure the border, BUT, what Mexico has done, is not enough,” he wrote. “Mexico still has not stopped the Cartels who are trying to turn all of North America into a Narco-Trafficking Playground. Obviously, I cannot let that happen!”
He said that if Mexico was successful in stopping the cartels, he would consider an adjustment to the tariff rates. In a statement, Mexico&#8217;s government <a href="https://www.gob.mx/sre/prensa/mexico-ya-esta-en-negociaciones-con-estados-unidos-para-proteger-empresas-y-empleos">said</a> that it was already negotiating with the American officials over the proposed tariffs. 
On Monday morning, Trump posted on Truth Social that other countries had been taking advantage of the United States through trade. 
“The United States of America has been ripped off on TRADE (and MILITARY!), by friend and foe, alike, for DECADES. It has come at a cost of TRILLIONS OF DOLLARS, and it is just not sustainable any longer &#8211; And never was! Countries should sit back and say, &#8216;Thank you for the many year’s long free ride, but we know you now have to do what’s right for America.&#8217; We should respond by saying, &#8216;Thank you for understanding the situation we are in. Greatly appreciated!&#8217;”

President Trump Returns To White House From New Jersey

Trump Threatens New Tariffs On Mexico, European Union As Trade Deadline Looms

Mexico

President Donald Trump is threatening to slap a steeper 35% tariff on products from Canada beginning August 1 unless steps are taken to curb the flow of fentanyl over its shared border with the United States.
Trump warned Canadian Prime Minister Mark Carney in a <a href="https://truthsocial.com/@realDonaldTrump/posts/114831716625825473">letter</a> on Thursday that the United States would hike the rate up from 25% – and possibly more. Still, Canada could avoid some or all of the added tariff, he suggested.
“If Canada works with me to stop the flow of Fentanyl, we will, perhaps, consider an adjustment to this letter. These Tariffs may be modified, upward or downward, depending on our relationship with your country,” the president wrote.
A White House official <a href="https://www.wsj.com/world/americas/trump-threatens-35-tariff-on-some-canadian-goods-d1306890" target="_blank" rel="noopener">told</a> The Wall Street Journal that goods in compliance with the U.S.-Mexico-Canada Agreement would at least for now be exempt from the 35% tariff rate — as they had been with the 25% penalty Trump implemented earlier this year.
Canadian goods that are “transshipped,&#8221; or products sent to the United States via another country first to evade the tariff on Canada, would still be subject to the heightened rate.
Trump, who noted the larger penalty would be &#8220;separate from all Sectoral Tariffs,&#8221; railed against Canada’s trade policies. He said they &#8220;cause unsustainable trade deficits against the United States&#8221; and placed a focus on dairy farmers.
“Canada charges extraordinary Tariffs to our Dairy Farmers — up to 400% — and that is even assuming our Dairy Farmers even have access to sell their products to the people of Canada. The Trade Deficit is a major threat to our Economy, and, indeed, our National Security!” the president wrote.
Trump also mentioned in his letter how Canada previously &#8220;retaliated&#8221; with its own tariffs rather than &#8220;working with&#8221; the United States.
The escalation in the tariff fight with the United States’ neighbor to the north comes as the president has <a href="https://www.nbcnews.com/politics/donald-trump/trump-tariffs-inflation-hasbro-ukraine-patriot-missiles-nato-russia-rcna218125">prepared</a> an increased blanket tariff for a slate of countries that have either not been notified of increased tariffs yet or have already agreed to a framework of a trade deal with the United States.
“We’re just going to say all of the remaining countries are going to pay, whether it’s 20% or 15%. We’ll work that out now,” Trump told <a href="https://www.nbcnews.com/politics/donald-trump/trump-tariffs-inflation-hasbro-ukraine-patriot-missiles-nato-russia-rcna218125">NBC News</a> on Thursday.
“I’d like to do it today,” Trump said of his plan to send letters laying out new tariff schedules. “I’m talking European Union, which is, as you know, many countries, and Canada. We’ll be putting them out over the next couple of hours.”
In recent days, Trump has posted a number of letters warning of new tariff rates. 
On Wednesday, Trump posted one of his steepest threats, <a href="https://www.nbcnews.com/business/economy/trump-hits-brazil-50-percent-tariff-citing-ex-president-jair-bolsonaro-rcna217859">warning</a> Brazilian President Luiz Inácio Lula da Silva that Brazilian products could face a 50% jump in tariffs over the government’s treatment of former Brazilian President Jair Bolsonaro, who is facing charges related to the 2022 election.
“This is nothing more, or less, than an attack on a Political Opponent — Something I know much about!” Trump wrote in a Truth Social <a href="https://truthsocial.com/@realDonaldTrump/posts/114812490799920916">post</a> defending Bolsonaro.
“The Great People of Brazil will not stand for what they are doing to their former President. I’ll be watching the WITCH HUNT of Jair Bolsonaro, his family, and thousands of his supporters, very closely. The only Trial that should be happening is a Trial by the Voters of Brazil — It’s called an Election. LEAVE BOLSONARO ALONE!” he wrote.

Mark Carney, Donald Trump

Trump Threatens 35% Tariff On Canada Over Fentanyl Trafficking

United States

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