Story perspectives

Global Tariff Shifts: New Zealand, India, and U.S.-EU Deal

8/23/2025

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Center

Trade Ministers Respond

New Zealand's tariff from the U.S. is set at 15%, exceeding the anticipated 10%, prompting Trade Minister Todd McClay to address dairy industry impacts.
The U.S. imposes a 25% tariff on India for Russian oil, leading Prime Minister Modi to advocate for local farmers.
A new U.S.-EU trade agreement aims to lower tariffs on autos and industrial goods, pending EU reciprocity.
The agreement seeks to reshape supply chains and includes a commitment for $750 billion in U.S. energy exports by 2028.

Right

Canada Eases Tariffs

Canada intends to remove retaliatory tariffs on select U.S. products, easing tensions with President Trump.
Prime Minister Mark Carney will announce this decision following a cabinet meeting.
The 25% tariff on U.S. consumer goods may be lifted, while tariffs on steel, aluminum, and vehicles will stay.
This change coincides with the upcoming USMCA review.

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Trade Ministers Respond

New Zealand's tariff from the U.S. is set at 15%, exceeding the anticipated 10%, prompting Trade Minister Todd McClay to address dairy industry impacts.
The U.S. imposes a 25% tariff on India for Russian oil, leading Prime Minister Modi to advocate for local farmers.
A new U.S.-EU trade agreement aims to lower tariffs on autos and industrial goods, pending EU reciprocity.
The agreement seeks to reshape supply chains and includes a commitment for $750 billion in U.S. energy exports by 2028.

1 / 2