Tariffs
Trump's tariff threat sparks over $7 billion in crypto liquidations
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Cryptocurrency prices plunged on October 10, 2025, after US President Donald Trump announced plans for an additional 100% tariff on Chinese goods and export controls on critical software. Bitcoin fell more than 10% to below $110,000, while other major tokens like Ethereum and Solana dropped 15-30%. The sell-off led to over $7 billion in leveraged position liquidations within hours, according to Coinglass data.
Toyota reports record first-half global sales despite U.S. tariffs
Toyota Motor Corp reported a 4.7 percent year-on-year increase in global sales for the April-September period, reaching a record 5,267,216 vehicles despite higher U.S. tariffs imposed by President Donald Trump. Strong demand for hybrids drove growth in North America and China. Including subsidiaries, sales hit 5,643,042 units.
Senate votes 52-48 to nullify Trump’s Brazil tariffs; five Republicans join Democrats
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The Republican-led Senate approved a resolution to terminate the national emergency President Donald Trump used to impose 50% tariffs on Brazil, passing 52-48 with five GOP votes. The measure, sponsored by Sen. Tim Kaine, is largely symbolic given a House procedural blockade and the prospect of a presidential veto, but it foreshadows more tariff votes and an upcoming Supreme Court test of Trump’s trade powers.
Akazawa and Lutnick meet in Tokyo ahead of Trump visit
Japan's Economy, Trade and Industry Minister Ryosei Akazawa and U.S. Commerce Secretary Howard Lutnick met in Tokyo on October 26 to discuss trade matters. Ahead of President Donald Trump's visit the next day, the two toured Sensoji Temple in Asakusa and held a working lunch at Tokyo Skytree. They exchanged views on the progress of the Japan-U.S. tariff agreement and Japan's investments in the United States.
Trump announces extra 10% tariffs on Canada after Ontario ad airs during World Series
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U.S. President Donald Trump said Saturday he will raise tariffs on Canadian imports by an additional 10%, citing an Ontario government advertisement that used Ronald Reagan audio to criticize tariffs and aired during Game 1 of the World Series. Trump had halted trade talks with Ottawa on Thursday; Ontario says it will pause the U.S. ad campaign on Monday to help restart negotiations.
Trump ends T-MEC talks with Canada over Ontario ad
President Donald Trump announced the end of trade negotiations with Canada and a 10% tariff increase in retaliation for an Ontario TV ad criticizing U.S. tariffs. Canadian Prime Minister Mark Carney sidestepped direct response and stressed Canada's readiness to resume talks. This friction occurs amid the T-MEC review, driven by U.S. electoral motives.
Ontario’s Doug Ford shifts from Trump enthusiast to leading critic of U.S. tariffs
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Ontario Premier Doug Ford, once openly admiring of Donald Trump, has become one of the most prominent Canadian voices against the U.S. president’s tariff agenda. A recent Ontario-funded TV ad using Ronald Reagan’s 1987 warnings about protectionism prompted Trump to abruptly cancel trade talks, before Ford paused the campaign to ease tensions.
Trump halts U.S.-Canada trade talks over Ontario ad featuring Reagan
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President Donald Trump said late Oct. 23, 2025, that he was terminating all U.S.-Canada trade negotiations after Ontario aired a television ad using Ronald Reagan’s 1987 remarks on tariffs, which Trump called “fake.” Ontario Premier Doug Ford later said the province would pause the campaign after this weekend to help restart talks.
Brazil and US delegations start tariff negotiations in Kuala Lumpur
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Delegations from Brazil and the United States met in Kuala Lumpur, Malaysia, on Monday, October 27, 2025, to begin negotiations on the 50% tariffs imposed by the US on Brazilian products. The meeting follows the encounter between Presidents Lula and Donald Trump the previous day on the sidelines of the Asean summit. The parties agreed on a meeting schedule and plan a Brazilian visit to Washington in early November.
Trump threatens Spain with tariffs over defense spending refusal
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US President Donald Trump has voiced strong dissatisfaction with Spain for refusing to commit to raising defense spending to 5% of GDP, threatening tariffs as punishment. During a White House meeting with Argentine President Javier Milei, Trump called Spain's stance disrespectful to NATO. Spain secured an exception at the Alliance's June summit to keep spending at 2.1%.
Trump proposes tariffs amid economic shutdown fears
Former President Donald Trump has outlined plans for sweeping tariffs on imports, raising concerns about potential economic disruptions. Economists and business leaders warn that such measures could exacerbate ongoing economic pressures, including risks of a partial shutdown. The proposal comes as the U.S. navigates post-election uncertainties.