Trump’s latest tariff salvo at a US ally came days after he threatened to impose 100% tariffs on Canada<\/a> over that nation’s trade deal with China. Canada has negotiated a deal<\/a> to lower tariffs on Chinese electric vehicles, in return for lower import taxes on Canadian farm products.<\/p>\n But the Trump administration claims the agreement may run afoul the United States-Mexico-Canada free trade agreement (USMCA) that is scheduled to be renegotiated this summer.<\/p>\n Meanwhile, Trump on Monday said he was increasing tariffs on goods from South Korea, accusing the country of “not living up to its Deal” with the US. Tariffs on goods from South Korea would jump back to 25%, from 15%.<\/p>\n Other US trade partners are clinching long-negotiated deals in a rebuke to the Trump tariff regime. India and the EU announced<\/a> a trade deal on Tuesday aimed at boosting economic ties. The deal from New Delhi and Brussels comes at a time when the US is still trying to establish a trade agreement with India \u2014 and shortly after the EU-US agreement almost stalled due to Trump’s pursuit of Greenland.<\/p>\n The actions continue a string of renewed tariff-based threats from the president. Last week, Trump called off planned tariffs on European nations that he said were getting in the way of his pursuit of the island. Trump cited the “framework of a future deal” reached with NATO Secretary General Mark Rutte.<\/p>\n Read more: What Trump promised with his ‘Liberation Day’ tariffs \u2014 and what he delivered<\/a><\/p>\n LIVE COVERAGE IS OVER 96 updates Indian Prime Minister Modi releases budget in response to Trump’s tariffs <\/p>\n Bloomberg reports:<\/p>\n Read more here. <\/a><\/p>\n Fri, January 30, 2026 at 7:33 PM UTC Mexico to seek ‘diplomatic’ ways to help Cuba after new Trump oil tariff <\/p>\n Mexican President Claudia Sheinbaum said Friday that her country will look for alternate ways to help Cuba, including “diplomatic” solutions after President Trump signed an order to levy tariffs on countries that supply Cuba with oil, Reuters reported. Mexico is one of the last nations that supplies Cuba with oil.<\/p>\n Read more here.<\/a><\/p>\n From Bloomberg<\/a>:<\/p>\n Read more<\/a>.<\/p>\n From Bloomberg<\/a>:<\/p>\n Read more<\/a>.<\/p>\n Thu, January 29, 2026 at 5:27 PM UTC US trade deficit widens by the most in nearly 34 years in November <\/p>\n The US trade deficit \u2014 the value of imports minus the value of exports \u2014 swung wider in November as trade continued to shift in response to the Trump administration’s tariff policies.<\/p>\n Reuters reports:<\/p>\n Read more here.<\/a><\/p>\n President Trump’s global tariffs have failed to stop Toyota Motors (TM), the Japanese car company said on Thursday that it had sold a record 11.3 million vehicles globally in 2025.<\/p>\n Toyota Motors will retain its position as the world’s top-selling automaker in 2025, and its recent sales growth has come despite Trump’s aggressive tariff policies.<\/p>\n Trump initially imposed 25% tariffs on Japanese automakers but reduced them to 15% after reaching a deal with Japan’s Prime Minister Sanae Takaichi.<\/p>\n The stock rose 2% during early trading on Thursday.<\/p>\n Reuters reports;<\/p>\n Read more here.<\/a><\/p>\n Reuters reports: <\/a><\/p>\n Read more here. <\/a><\/p>\n Reuters reports: <\/a><\/p>\n Read more here. <\/a><\/p>\n Hyundai Motor (005380.KS<\/a>) reported worse-than-expected fourth quarter operating profit on Thursday, with the company citing President Trump’s tariffs as a key factor. The South Korean automaker did forecast higher sales and profit margins, but the drop marks the third consecutive decline in quarterly profit for the carmaker.<\/p>\n Trump initially hit Seoul with 25% tariffs on imported autos, which were later cut to 15% in April as part of a trade deal. However, this week, Trump threatened to increase tariffs on South Korea back up to 25%. Later, Trump told reporters that he hoped the two countries would be able to work something out.<\/p>\n Reuters reports:<\/p>\n Read more here.<\/a><\/p>\n Reuters reports:<\/p>\n Read more here. <\/a><\/p>\n Defying President Trump’s tariffs, Switzerland managed to export a record number of goods to the US last year despite Trump imposing some of his highest tariffs on the country.<\/p>\n Excluding gold, Swiss shipments worth $71.5 billion went to the US in 2025. This represents a 3.9% increase from 2024, according to data published by the Swiss customs office on Thursday.<\/p>\n Bloomberg News reports:<\/p>\n Read more here. <\/a><\/p>\n President Trump said on Tuesday that the US and South Korea will work toward a solution in response to a question about his threat this week to increase tariffs on imports, including cars, from South Korea to 25%, up from 15%.<\/p>\n The news caused South Korean automaker stocks to fall. Trump said the increase in tariffs was due to Seoul not fulfilling its part in the trade deal the two sides agreed upon last year.<\/p>\n Reuters reports:<\/p>\n Read more here. <\/a><\/p>\n The US and India are nearing a trade deal, according to reports from CNBC on Tuesday. India’s Minister of Petroleum and Natural Gas Hardeep Singh Puri told CNBC that negotiations are at an “advanced stage.”<\/p>\n Trade talks between the US and India have been fragile over the last few months. Last year, President Trump hit New Delhi with 25% duties and an added tariff of 25% due to its purchase of Russian oil, which Trump said was helping to fund the war in Ukraine.<\/p>\n India and the EU signed a historic trade deal today, which was two decades in the making, and which some have said is a rebuff<\/a> to Trump and some of his aggressive tariff policies.<\/p>\n CNBC reports:<\/p>\n Read more here. <\/a><\/p>\n South Korean stocks started to gain on Tuesday, following a drop after President Trump’s threat to raise tariffs on South Korean goods, including autos, to 25% from 15%.<\/p>\n But despite a small recovery, South Korean automakers were still down at market close. Hyundai Motor (005380.KS<\/a>) was down 0.8% after falling 4%, Kia Corp (000270.KS<\/a>) closed down 1% after dropping as much as 6%, and Hyundai Mobis (012330.KS<\/a>) was 1% down following an earlier loss of 5%.<\/p>\n Reuters reports:<\/p>\n Read more here.<\/a><\/p>\n India and the EU have agreed on a trade deal, as both countries look to deepen relations and economic ties and offset the impact of President Trump’s tariffs.<\/p>\n The deal between New Delhi and Brussels has been two decades in the making, and it comes at a time when India and the US have failed to agree on a comprehensive trade deal despite months of negotiations. Meanwhile, the EU trade agreement with the US almost stalled last week due to Trump’s pursuit of Greenland.<\/p>\n The India-EU agreement also follows Canada’s trade deal with China, which led Trump to threaten the US’s Canadian neighbors with further tariffs.<\/p>\n Bloomberg News reports:<\/p>\n Read more here. <\/a><\/p>\n Tue, January 27, 2026 at 9:08 AM UTC Canada holds firm on trade pivot as energy minister heads to India <\/p>\n Bloomberg News reports: <\/a><\/p>\n Read more here. <\/a><\/p>\n President Trump on Monday said he was increasing tariffs on goods from South Korea, accusing the country of “not living up to its Deal” with the US.<\/p>\n Trump specifically blamed the South Korean legislature, which he said has been delaying the enactment of the deal. The countries agreed to the deal over the summer and announced key details in November.<\/p>\n “Because the Korean Legislature hasn’t enacted our Historic Trade Agreement, which is their prerogative, I am hereby increasing South Korean TARIFFS on Autos, Lumber, Pharma, and all other Reciprocal TARIFFS, from 15% to 25%,” Trump wrote on Truth Social.<\/p>\n South Korea-based Hyundai (005380.KS<\/a>) is the largest importer of new vehicles from South Korea into the US.<\/p>\n Rare earths will be a key talking point this week at the meeting of Group of Seven finance officials, which will take place in France on Tuesday.<\/p>\n Discussions will focus on supplies of critical raw materials.<\/p>\n The G-7 meeting will include the World Bank and the International Monetary Fund (IMF).<\/p>\n Bloomberg News reports:<\/p>\n Read more here. <\/a><\/p>\n Sun, January 25, 2026 at 9:53 PM UTC Volkswagen may halt plans for Audi plant in the US unless tariffs are reduced <\/p>\n Volkswagen CEO Oliver Blume told a German newspaper the company will not move forward with an Audi factory planned in the US unless automotive tariffs are reduced, Bloomberg reported Sunday:<\/p>\n![\"Brett](\"https:\/\/www.newsbeep.com\/us\/wp-content\/uploads\/2026\/02\/dims.jpeg\")
Fri, January 30, 2026 at 4:59 PM UTC Trump threat pushes South Korea into new talks <\/p>\n Fri, January 30, 2026 at 11:52 AM UTC Trump threatens to decertify, levy tariff on Canadian planes <\/p>\n![\"Jenny](\"https:\/\/www.newsbeep.com\/us\/wp-content\/uploads\/2026\/02\/1770018435_354_dims.jpeg\")
Thu, January 29, 2026 at 3:58 PM UTC Toyota defy’s Trump tariffs and retains top auto crown in 2025 with record sales <\/p>\n Thu, January 29, 2026 at 12:00 PM UTC South Korea industry minister arrives in Washington to discuss tariff warning <\/p>\n Thu, January 29, 2026 at 11:28 AM UTC Starmer and Xi call for deeper ties as Trump shakes up global relations, trade <\/p>\n Thu, January 29, 2026 at 9:42 AM UTC Hyundai Motor reports bigger-than-expected profit fall in Q4 as US tariffs bite <\/p>\n Thu, January 29, 2026 at 9:25 AM UTC India to slash tariffs on high-end EU cars to 30% in boost for luxury carmakers <\/p>\n Thu, January 29, 2026 at 9:20 AM UTC Swiss exports to US hit record in 2025, defying Trump’s tariffs <\/p>\n Wed, January 28, 2026 at 1:23 PM UTC Trump: ‘We’ll work something out with South Korea’ after tariff threat <\/p>\n Tue, January 27, 2026 at 4:42 PM UTC US-India trade deal at \u2018very advanced stage’: Indian petroleum minister <\/p>\n Tue, January 27, 2026 at 9:34 AM UTC South Korea auto stocks recover from early slump after Trump tariff comments <\/p>\n Tue, January 27, 2026 at 9:22 AM UTC EU and India clinch major trade deal in rebuff to Trump <\/p>\n Mon, January 26, 2026 at 10:14 PM UTC Trump says he’s increasing tariffs on South Korean goods with country ‘not living up to its Deal’ <\/p>\n Mon, January 26, 2026 at 11:00 AM UTC G-7 finance ministers to discuss rare rarths <\/p>\n