The new measure would slap duties of 25% on U.S. imports amounting to $23.5 billion, which includes motorcycles and other powersports commodities.

President Trump’s new import taxes are based not on specific goods like cars or steel, but on how he thinks other countries have treated the US.

China's official news agency took a tough approach Saturday, saying China will “firmly reject any proposal that compromises core principles or undermines

The US agreed on Thursday to reduce tariffs to 10% on 100,000 units of British luxury exports annually. While Ishiba acknowledged it as a favorable deal for the U.K., he believes Japan can and should pursue better terms, preferably a 0% tariff deal.

Trump's 100% import tax triggered sharp retaliation from major economies. These shifts strained trade routes and raised costs across sectors, and created a broader clash that now touches agriculture,

Following discussions in Geneva, China and the US have agreed to a trade war truce, effective Wednesday, which will reverse most tariffs and other retaliatory measures.

Both nations pledged to cut their broad, ballooning tariffs after weekend talks. US tariffs dropped to 30% from 145%, while China’s moved to 10% from 125%, per a joint statement

When it comes to this year’s hot potato topic of Donald Trump’s tariffs on movie imports, Cannes Film Festival director Thierry Fremaux would like to table the discussion. For at least a year. Of Trump’s declarations over the last three months,

Trump last month raised U.S. tariffs on China to a combined 145%, and China retaliated by hitting American imports with a 125% levy.