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president Donald Trump’s The reset of global trade relations will remain in focus this week as his administration’s new tax on imports.
The White House said last week that the new tariff rate, originally scheduled to take effect on August 1, will take effect on Thursday to provide us with additional time for customs and border protection officials to prepare for collection Responsibilities.
Where is Trump’s tariffs standing now, leading the winding road here
On the day ahead of the August 1 deadline, Trump announced a deal with Japan European Union, and South Korea. So far, 11 of the top 15 trading partners in the United States have agreed to conduct extensive trade agreements.
Donald Trump shook hands with European Commission President Ursula von der Leyen, reaching a trade agreement between the two economies after their meeting, on July 27, 2025 in Scotland Turnberry Southwest Scotland
Last week, Trump raised tariffs on imports from Canadian goods to 35%, indicating a growing rift with the U.S. second largest trading partner.
White House Press Secretary Karoline Leavitt Earlier, Ottawa was picked out at a July 17 press conference, he said “our northern neighbors are difficult to deal with” when asked about ongoing trade negotiations.
Canada has been in “difficulty” as trade deadlines loom
Addressing CBS News on Sunday, Canada’s leader in U.S. trade relations, Dominic Leblanc, said Prime Minister Mark Carney could hold talks with President Trump “in the days to come.”
Meanwhile, the United States is temporarily in trouble with China and Mexico trading The representatives continued the negotiations.
Trump announces trade agreement with the EU
So far this year, the United States has collected more than $150 billion Tariff revenueaccording to treasury data. In July alone, the collection exceeded $29 billion, the highest monthly rate in 2025 so far.
Trump administration officials, including Treasury Secretary Scott Bessent, It has been said earlier that tariffs could bring more than $300 billion in revenue to the federal government.
As American businesses go through higher prices to offset the economic burden, American consumers often end up paying for tariffs.
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Senior News Analyst & National Affairs Writer
Prabhat Sharma is a veteran journalist with over 12 years of experience covering national news, current affairs, and breaking stories across India. Known for his analytical approach and in-depth reporting, Prabhat brings clarity to complex topics and delivers content that informs, educates, and empowers readers.
He is passionate about political transparency, policy analysis, and the evolving landscape of Indian journalism.
When he’s not writing, you’ll find him reading non-fiction, watching documentaries, or exploring offbeat destinations
