Trump said India will face a 25 per cent tariff starting Aug. 1, but added it will also face an unspecified penalty, but did not elaborate on the amount or what it was for.

The courts are considering whether they're even legal under U.S. law, and the American economy has yet to feel the pain of higher prices WASHINGTON, D.C. — Time’s up. On Friday, U.S. President Donald Trump raised the tariff rate on Canadian goods not covered under the Canada-United States-Mexico Agreement (CUSMA) from 25 to 35 per cent,

The tariffs are a substantial new source of revenue for the federal government. The budget may start to depend on it.