This move significantly increases the number of companies needing licenses to receive US goods and services.

U.S. President Donald Trump said on Monday he was slapping 10% tariffs on imported timber and lumber and 25% duties on kitchen cabinets, bathroom vanities and upholstered furniture, continuing his tariff assault on global trading partners.

USC students and cinematic arts faculty expressed concern that the new tariff will infringe on the media industry’s independence and result in a lack of diversity in the film landscape.

U.S. tariffs on Chinese imports of around 55% are a "good status quo," but the Trump administration would like to find areas where bilateral trade could increase more freely, U.S. Trade Representative Jamieson Greer said on Tuesday.

Taiwan has “never made any commitment to a 50-50 split on manufacturing chips, and would not agree to such terms,” Vice Premier Cheng Li-chiun (鄭麗君) said this morning, returning from a fifth round of in-person tariff negotiations with the US.

The Trump administration is weighing a plan to impose tariffs on imported electronic devices based on the number of semiconductor chips they contain, three people familiar with the matter said, a move that could reshape global supply chains and raise prices for everyday consumer goods.

Europe braces for further damage if products containing metal, such as windows and doors, are added to rolling list.

In an open letter to Ursula von der Leyen, German exporters warn of a 17.4% export slump, looming job losses and urge enforcement of the 15% EU-US tariff cap before October 1.

President Donald Trump’s sweeping new tariffs on pharmaceutical imports will spare countries that already have drug provisions in trade agreements with the United States, a White House official confirmed Friday, offering relief to the European Union and Japan, according to Bloomberg.

At the regional level, ASEAN continues to support the rule-based multilateral trading system with the WTO principles as core.