U.S. tariffs News

U.S. Tariff Rates Hit 91-Year Peak, Sparking Fears of Consumer Price Surge and Economic Ripple Effects

The U.S. tariff rates have surged to an 18.3% average, the highest in 91 years, causing significant price increases in clothing and textiles, and prompting companies to pass costs ...

U.S. to Impose 200% Tariff on Pharmaceuticals After One-Year Grace Period, Trump Announces

U.S. President Donald Trump announces a 200% tariff on pharmaceuticals after a one-year grace period, with potential exemptions for semiconductors and a 50% tariff on copper. The m...

U.S. Tariffs Shake Global Smartphone Manufacturing: A Deep Dive into the Industry's Future

The U.S. government's new tariffs aim to relocate manufacturing back to America, putting the global smartphone and semiconductor industries at a crossroads. Experts discuss the cha...

Exclusive: U.S. Commerce Secretary Lutnick Rules Out Tariff Exemptions, Signals Tough Trade Talks Ahead

U.S. Commerce Secretary Howard Lutnick dismisses the possibility of tariff exemptions, highlighting ongoing negotiations with major trading countries and the expected global reasse...

U.S. Tariffs Shake Global Supply Chains: South Korean Giants Like Samsung Face Unprecedented Challenges

U.S. tariffs on Vietnam, China, and India are disrupting South Korean companies' supply chains, especially affecting giants like Samsung Electronics in the smartphone sector. The a...

U.S. Imposes Hefty 25% Tariffs on 166 Steel and Aluminum Derivatives from South Korea

The U.S. is imposing a 25% tariff on 166 steel and aluminum derivative products from South Korea, affecting exports worth $6 billion. MOTIE is providing support to SMEs and address...