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The Trump administration on August 13 unveiled new drone tariffs, including a 15% duty on imports from South Korea, Japan, and other economies, citing national security. The move aims to protect the U.S. domestic drone industry but may strain trade relations with allies.
Brazil has begun consultations on possible countermeasures to the US's 25% tariffs on its exports, calling the move 'absurd and arbitrary.' The consultations could lead to retaliatory tariffs or other measures, though no final decisions have been made.
Toyota Motor Corp. has pledged to strengthen its earnings power as it contends with U.S. tariffs and ongoing Middle East instability. The announcement, made on August 8, 2026, underscores the Japanese automaker's focus on financial resilience over sales growth.
The Trump administration has refunded roughly $100 billion in tariffs after the Supreme Court invalidated most emergency-imposed duties, according to customs data. The refunds, which cover more than three-quarters of the $128.68 billion identified as potential refunds, follow the court's February ruling that rejected the use of IEEPA for tariff policies.
A new sanctions package against Russia passed the US Senate with overwhelming support, potentially paving the way for 100% tariffs on countries like India and China that continue to buy Russian oil. The bill, named after the late Senator Lindsey Graham, now moves to the House for consideration.
US GDP growth slowed to 1.5% in Q2 2026, down from 2.1% in the previous quarter, as a wider trade deficit and higher gasoline prices weighed on the economy. Experts point to a classic supply shock from tariffs and energy price volatility, while consumer spending and investment remain uneven.
On July 25, China rejected accusations of overcapacity ahead of a US probe release that could lead to new tariffs. Beijing called the claims politically motivated and insisted its policies follow market rules.
The leaders of Japan and the United States have reaffirmed their commitment to a bilateral tariff agreement, signaling progress in trade relations. Analysts expect the deal to stabilize trade flows and provide a clearer cooperation framework for businesses. Specific terms have not been fully disclosed, but the move is seen as a positive step for economic ties.
Four months after the US Supreme Court blocked his earlier tariff plan, President Trump’s administration has launched a new Section 301 strategy targeting more than 80 economies for alleged forced labor. The proposal includes additional tariffs of up to 12.5% on imports from allies like the EU, UK, Canada and Japan, as well as many developing nations. Experts warn the policy could push global trade away from the US while raising costs for American consumers and businesses.
