President Donald Trump has once again drawn his go-to diplomatic weapon — tariffs — to coerce the Iranian government to end its bloody crackdown on nationwide protests.

Such punitive tariffs would erode India’s export competitiveness and force the country to reorient its trade elsewhere, analysts warn.

"A decisive rethinking of American foreign economic policy that fuses the imperatives of national security with economic priorities runs through the Trump and Biden years," writes Inu Manak

Steep import taxes have raised prices and affected U.S. businesses, but not quite as much as expected. A new report offers some reasons.

The United States could raise tariffs on India if New Delhi does not meet Washington's demand to curb purchases of Russian oil, President Donald Trump said on Sunday, escalating pressure on the South Asian country as trade talks remain inconclusive.

Trump claims tariffs drove 'historic' economic gains as U.S. and Taiwan announce massive $500 billion semiconductor deal to rebuild domestic manufacturing.

Since Trump announced tariffs for dozens of countries on “Liberation Day” in April, price increases have caused deep anxiety for consumers, and the economy more broadly. By October, 37 percent of companies were passing tariff costs along to the consumer, according to a report from Goldman Sachs.

Donald Trump once again threatened to increase tariffs on goods imported from India, adding that Indian PM Narendra Modi knew where he stood on the 'Russian oil issue.'

He quickly backpedaled, though this time he said the checks would probably be sent out toward the end of the year – after earlier vowing to send them ahead of the 2026 midterm elections.

Trump said in a Truth Social post on Wednesday that he had decided to raise the US's military budget in 2027 from $1 trillion to $1.5 trillion. "This will allow us to build the 'Dream Military' that we have long been entitled to and, more importantly, that will keep us SAFE and SECURE, regardless of foe," Trump said.