On July 28, during a press conference in Scotland alongside UK Prime Minister Keir Starmer, Trump confirmed that a 15% minimum represents the new standard for tariff negotiations.
“For the world, I would say it’ll be somewhere in the 15% to 20% range,” Trump said during the press conference. 
While the figures are a

On July 29, President Trump's Environmental Protection Agency (EPA) proposed revoking a scientific finding that has long been the central basis for U.S. action to regulate greenhouse gas emissions and fight climate change.
The proposed EPA rule would rescind the 2009 Endangerment Finding that determined that carbon d

On July 29, Stellantis announced results for the H1 2025, with an updated estimate of 2025 net tariff impact to approximately EUR 1.5 billion, of which USD 0.3 billion was incurred in H1 2025.
Stellantis H1 2025 results include:
    •    Net revenues of EUR 74.3 billion, down 12.7% compared to H1 2024 primarily drive

Ford Motor Co. is securing access to credit amid economic uncertainty and increased tariff costs. The company has taken out a USD 3 billion term loan credit agreement with several lenders that will be administered through JPMorgan Chase Bank, according to a government filing on July 28.
Ford confirmed that lenders ha

On July 28, Hildegard Müller, president of the German Association of the Automotive Industry (VDA), issued a statement that it is fundamentally good that the EU-US framework agreement could avert a further escalation of the trade dispute.
However, Müller said that the US tariff of 15%, including for automotive produc

On July 28, the FIOM-CGIL union proposed that the US-EU trade deal should be halted for two reasons: it would legitimize a trade war and encourage companies to relocate outside Europe, leading to economic decline and job losses across the continent.
The US is using tariffs to protect its debt, which amounts to a dire

On July 28, Canadian Prime Minister Mark Carney said trade negotiations with the U.S. are at an "intense phase" ahead of the August 1 deadline to reach an agreement. "[Canadians] don't deserve the uncertainty that's been thrust upon them… they want the right kind of resolution. They want a deal that makes sense for C

On July 28, U.S. President Trump’s deal with the EU that will fundamentally rebalance the economic relationship between the world’s two largest economies was presented on Whitehouse.gov.
On July 27, the day of the actual agreement, President Trump, U.S. Commerce Secretary Howard Lutnick and Treasury Secretary Scott B

On July 28, Audi AG lowered its full-year 2025 financial guidance, citing the impact of higher U.S. import tariffs and ongoing restructuring costs. The increased U.S. tariffs imposed in April alone burdened Audi with around EUR 600 million in the first half of the year, Chief Financial Officer Jürgen Rittersberger sa

On July 28, the European Automobile Manufacturers’ Association (ACEA) issued a statement welcoming the EU-US tariff agreement in principle.
ACEA said that the agreement takes an important step towards easing the intense uncertainty surrounding transatlantic trade relations in recent months. However, the US will retai

On July 27, the president of the European Commission announced that the EU has reached a deal on tariffs and trade with the US. They have stabilised on a single 15% tariff rate for most EU exports. This rate applies to most sectors, including cars, semiconductors, and pharmaceutical industries.
They also agreed on ze

A high-level meeting for July 25 was called off due to an unspecified urgent scheduling event for U.S. Treasury Secretary Scott Bessent. The meeting was set to bring together Bessent, U.S. Trade Representative (USTR) Jamieson Greer and South Korean counterparts, Finance Minister Koo Yun-cheol and Trade Minister Yeo H

On July 24, U.S. Commerce Secretary Harold Lutnick further described the USD 550 billion investment deal done with Japan to bring down their tariffs to 15% in a video posted on X. While initial announcements on July 22 were scant on facts, Lutnick has since gone on to describe the arrangement.
Lutnick emphasized the

On July 25, U.S. President Trump told reporters outside the White House that his country may not reach a new trade deal with Canada and could simply impose more or higher tariffs on its northern neighbor, saying "We haven't really had a lot of luck with Canada". 
"I think Canada could be one where there's just a tari

On July 23, UAW posted a statement on its official account on social media platform X, expressing “deep anger” over the U.S.-Japan tariff agreement announced by the Trump administration. The union declared, “American workers are once again being left behind.”
The UAW emphasized that while “well-crafted tariffs” can s

On July 22, General Motors reported that its Q2 2025 net income dropped 35.4% to USD 1.9 billion, with import tariffs costing it USD 1.1 billion since first imposed in April.
EBIT Adjusted of USD 3.04 billion was down 31.6% compared to the same period a year ago.
Q2 revenue was down 1.8% to USD 47.1 billion, with GMN

On July 22, U.S. Commerce Secretary Howard Lutnick reposted President Trump’s social media message announcing a trade agreement with Japan, stating on his own account, “It has been an honor to work on this deal on behalf of the greatest negotiator, President Trump. The winning isn’t over. This is just the beginning.”