July 27, 2026 at 9:00 am EDT President Donald Trump and Xi Jinping shake hands as they leave after their talks in Busan, South Korea, in autumn. (Andrew Harnick/Getty Images) key takeaways: China said that during trade talks on July 27, the US committed to limit substitution tariffs on Chinese goods to 20% and the
The biggest car news and reviews, no BS Our free daily newsletter delivers the stories that really matter straight to you every weekday. Hello and welcome downshiftor TDS for short, driveA morning news roundup that captures the biggest automotive headlines from around the world. downshift Summarizes the stories in a few sentences and adds a
July 27, 2026 6:00 pm, EDT President Donald Trump during a speech at the General Motors Proving Ground in Milford, Michigan on July 27. (Alex Brandon/Associated Press) key takeaways: President Donald Trump visited a GM testing facility in Michigan on July 27 and said the tariffs had revived American manufacturing and helped automakers. The trip
July 23, 2026 5:45 PM, EDT President Trump’s new tariffs will take effect just as the worldwide temporary 10% tariffs expire at 12:01 a.m. on July 24. (Alex Brandon/Associated Press) key takeaways: President Donald Trump imposed 10% to 12.5% Section 301 tariffs on imports from 60 countries as the temporary worldwide tariffs are set to
July 21, 2026 4:30 PM, EDT A truck enters the United States at the Canada-US border in Saint-Bernard-de-Lacolle, Quebec on June 30. (Andrej Ivanov/Bloomberg) key takeaways: The Trump administration is set to impose tariffs on dozens of economies through July 24 to plug the gap once the temporary 10% tariffs expire. The proposed Section 301
July 16, 2026 12:40 PM, EDT President Donald Trump announced the new tariffs at the White House on April 2, 2025. (Mark Schiefelbein/AP) key takeaways: The Trump administration is in a race to replace the global 10% tariff imposed under Section 122 before it expires on July 24 after the Supreme Court struck down broad
July 14, 2026 12:46 pm, EDT Strait of Hormuz. (Maps4media/Bloomberg) key takeaways: On July 14, President Donald Trump canceled a plan to charge ships a 20% cargo fee for transiting the Strait of Hormuz, citing promised Gulf investments. The conflict threatens global trade as about one-fifth of the crude oil and natural gas traded passes
The US government has been forced to give billions of dollars in refunds to companies affected by Donald Trump’s ‘Liberation Day’ tariffs. The US has paid $81bn (£61bn) this financial year after the Supreme Court ruled the tariffs were illegal. Lucy Hough talks to Chris Michael, International Editor of the Guardian US
The engine cowling and a General Electric engine nozzle of a Boeing 777-200 aircraft in the Heko hangar in Hong Kong. (Paul Yeung/Bloomberg) July 10, 2026 8:56 am, EDT key takeaways: The United States said it would not immediately impose tariffs on commercial aircraft, jet engines and parts after President Donald Trump ordered a Section
Beijing and Washington have also set a broader goal of expanding two-way agricultural trade. (Ben Brewer/Bloomberg) July 2, 2026 9:35 am, EDT key takeaways: China and the US agreed in principle to include agricultural products in a mutual tariff reduction framework. China said the two countries aim to expand two-way agricultural trade based on market