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Trade war: President Trump said on Tuesday that he would impose higher tariffs on India in the next 24 hours, a day after warning that he would “substantially” increase the 25 percent levy the United States has already imposed on Indian goods. Mr. Trump has ratcheted up pressure on India over its purchases of Russian oil. The Indian government has said the president’s targeting of it was “unjustified and unreasonable.”
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Economic impact: U.S. imports of goods fell in June, the Commerce Department said on Tuesday, as Mr. Trump’s tariffs continue to weigh on trade. Imports of goods dropped by roughly 4 percent from the previous month and exports declined slightly, by about 0.5 percent.
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Olympics: Mr. Trump plans to sign an executive order on Tuesday to establish a task force that would enhance the federal government’s involvement in preparations for the 2028 Summer Olympics in Los Angeles. The task force would focus on security and other logistics, and would likely work with local officials who have a strained relationship
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Trump Administration Live Updates: President Says He Will Hit India With New Tariffs Within 24 Hours
