Donald Trump news and archive

A turning point: cryptocurrencies on US congress agenda

New York, July 15, 2025 – The US House of Representatives is expected to vote this week on several cryptocurrency regulation bills. This follows the impetus given by Donald Trump, seen as a blessing by the sector. After years of procrastination and a series of legislative proposals that failed to materialise, Congress is prioritising this issue...

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EU presents new list of retaliatory tariffs after Trump's letter

Following US President Donald Trump's new tariff announcements, the EU is preparing additional retaliatory tariffs on 72 billion euros worth of imports from the US. This was announced by the relevant EU Commissioner, Maros Sefcovic, after a meeting of trade ministers in Brussels. The preparations for the countermeasures involve a list of...

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Bangladesh hopes for trade agreement with US

Dhaka, July 8, 2025 – Bangladesh, the world's second-largest textile manufacturer, still hopes to reach an agreement with the US to avoid the sharp rise in customs duties threatened by Donald Trump. A senior official told AFP on Tuesday. The textile industry contributes 80 percent of the South Asian country's total exports. One-fifth of its...

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Trump extends tariff deadline, imposes reciprocal tariffs on Japan and South Korea

US president Donald Trump has extended his deadline to set certain tariff rates to August 1. A number of new reciprocal tariffs, announced July 7, will also take effect on this date. Trump had initially enacted a freeze on tariff rates lasting 90 days, to July 9. During this time, he opened up discussions with other countries to either agree on...

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US trade organisations commend Trump’s comments on sneaker and T-shirt production

Leading US fashion and textile organisations have backed recent comments by president Donald Trump in which he suggested that his stringent tariff policies were “not focused on driving sneaker and T-shirt production to the US”. A joint letter – signed by the American Apparel & Footwear Association (AAFA), Council of Fashion Designers of America...

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Trump's tariff threat: How European luxury brands are preparing

While Donald Trump had threatened to impose duties of 50 percent on European imports from June 1, the White House eventually decided to extend the tariff pause until July 9. This decision, reported by Reuters on May 26, 2025, reflects an unavoidable reality: trade between the US and the European Union is essential in both directions. In 2024,...

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Trump grants EU postponement on threatened new tariffs

US President Donald Trump wants to postpone the introduction of the new tariffs on imports from the EU, which he announced for the beginning of June, by a good month to allow more time for negotiations. Trump announced that the start of the additional import duties of 50 percent would be postponed to July 9, after a conversation with European...

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Trump wants 50 percent tariffs on EU goods from June

In a trade dispute with the European Union, US president Donald Trump advocated for punitive tariffs of 50 percent. He wrote on his online platform, Truth Social, that this levy for goods from the EU should come into effect on June 1. “There are no tariffs if the product is built or manufactured in the US,” he added. Trump wrote that ongoing...

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AAFA, FDRA and NRF welcome US-China tariff pause, call for long-term deal

US apparel and footwear trade associations have welcomed the US and China’s 90-day pause on heightened tariffs. Yet, while the temporary agreement has somewhat calmed the waters of the two regions’ trade war, organisations are still calling for a long-term deal that will mitigate rising costs and prices. This was reflected in a statement from...

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UK and US strike up trade deal: What to know

The US and the UK have struck up a trade agreement during what government officials say is a “historic day” that aims to “boost trade between and across our countries”. In the Oval Office, US president Donald Trump was joined via phone by UK prime minister Keir Starmer for a press conference announcing the new deal. With it, according to Trump,...

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Shein, Temu, AliExpress: End of duty-free low-cost goods from China in the US

Since May 2, 2025, the US ended a customs rule that allowed Chinese platforms like Shein, Temu and AliExpress to flood the American market with cheap products. This abrupt end to the ‘de minimis’ regime disrupted their business model and reshaped the landscape of global online commerce. Us toughens its stance on Chinese imports Since 4:01am GMT...

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Trump officially closes de minimis loophole for Chinese goods: What you need to know

The de minimis tax exemption has officially closed for Chinese imports to the US. The loophole has caused much debate in recent years, particularly as experts weigh the possible impact and implications on both companies and consumers if a full halt was enforced. Here is what you need to know… What is the de minimis exemption? De minimis – a...