Trade
President Trump Announces New Tariffs On European Products

US President Donald Trump announced that European products will soon be subject to additional customs duties, as part of his trade policy, which in recent days has included imposing customs duties on imports from Canada, Mexico and China.
“They’ve really taken advantage of us, you know, we have over $300bn deficit,” Trump said in a press statement. “They don’t take our cars, they don’t take our farm products. They take almost nothing, and we take everything from the millions of cars, tremendous amounts of food and farm products.” In the same context, the US President revealed upcoming talks with Justin Trudeau, the resigned Canadian Prime Minister, and officials from the Mexican government, after his decision to impose 25% customs tariffs on some products imported from both countries.
Trump has imposed a 25% tariff on products imported from Canada and Mexico, a 10% tariff on Canadian energy resources, and a 10% tariff on goods imported from China, in addition to the existing customs duties.
The tariffs are scheduled to take effect tomorrow “Tuesday”, unless an agreement is reached.

-
Banking & Finance2 months ago
Oman Arab Bank Announces Increase of Authorised Capital to RO500mn and Paid‑In Capital Boost of RO50mn
-
Bahrain1 month ago
SPIEF 2025 focused on global and regional economic processes, market transformation, new tech, investment climate, financial policy and people
-
Banking & Finance1 month ago
National Finance Reinforces Position as Partner for Growth, Offers a Comprehensive Product Suite to Support Customer Ambitions
-
OER Magazines1 month ago
OER, June 25
-
Energy1 month ago
Russian Energy Week from October 15-17, 2025 offers alternative formats of cooperation
-
Banking & Finance2 months ago
The Future of the International Financial System to be discussed at SPIEF 2025
-
Retail2 months ago
All services are moving toward personalisation says Tatyana Kim, Founder of Wildberries and Head of RWB
-
Alamaliktistaad Magazines1 month ago
Al-Iktisaad, June 25