Lilly gets limited European backing for Alzheimer’s drug
Lilly previously secured approval for Kisunla in the U.S., Japan and the U.K.
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Trump announces trade deal with Japan that lowers threatened tariff to 15%
Indiana receives the largest amount of Japanese investment per capita among all U.S. states, according to the Indiana Economic Development Corp.
Stellantis warns of $2.7B loss in first half due to tariffs, big changes
The automaker, which earlier this year laid off workers in Kokomo, anticipates an impact of about $351 million for net tariffs incurred, as well as planned production losses.
United States imposes 17% duty on Mexican tomatoes
Proponents said the import tax announced Monday will help rebuild the shrinking U.S. tomato industry.
Trump threatens Russia with tariffs if war on Ukraine isn’t resolved within 50 days
President Trump has long boasted of his friendly relationship with Russian President Vladimir Putin, but Russia’s relentless onslaught against civilian areas of Ukraine wore down Trump’s patience.
EU delays retaliatory tariffs on US goods in hopes of reaching deal by Aug. 1
The value of EU-U.S. trade in goods and services amounted to $2 trillion in 2024. Europe’s biggest exports to the U.S. are pharmaceuticals, cars, aircraft, chemicals, medical instruments and wine and spirits.
Trump plans to hike tariffs on Canadian goods to 35%
While multiple countries have received tariff letters this week, Canada—the United States’ second largest trading partner after Mexico— has become something of a foil to President Trump.
Republicans urge Notre Dame, other universities to cut ties with China-backed scholarship program
Lawmakers called the program a threat to national security and a “nefarious mechanism” to steal technology for the Chinese government.
Trump announces 50 percent tariff on Brazil, citing former president’s trial
The tariff, effective Aug. 1, opens a new theater in Trump’s ongoing trade war, bringing into the fray Latin America’s largest economy, which had until now remained largely unscathed by the trade measures.
Trump announces tariffs of at least 25 percent on 14 countries
In a string of near-identical letters posted on Truth Social, his social media site, President Trump said the United States “has agreed to continue working with” each country despite large trade deficits.
Trump to put 25% tariffs on Japan, South Korea
President Trump provided notice of the tariffs to begin on Aug. 1 by posting letters on Truth Social that warned both countries to not retaliate by increasing their own import taxes.
United States seeks limited trade deal with European Union as Trump’s deadline approaches
The two sides continued to talk during the weekend in hopes of finalizing by Wednesday a patchwork deal that would pave the way for more comprehensive negotiations.
Trump announces trade deal that will let US goods into Vietnam duty-free
Vietnam is one of Indiana’s top 10 trade partners in terms of imports.
Canadian prime minister says trade talks with United States resume after Canada rescinds tech tax
The digital services tax was set to go into effect Monday and was due to hit companies including Amazon, Google, Meta, Uber and Airbnb.
GE Appliances moves washing machine production from China to Louisville with $490M investment
In all, production of more than 15 models of front load washers will shift to the company’s sprawling Louisville production complex—known as Appliance Park.
US strikes on Iran add to global travel disruptions, flight cancellations
After a ceasefire was announced between Israel and Iran, some of those disruptions eased. But the truce appeared to be on shaky ground Tuesday.
Temu sales plunge 25% in United States, but rival Shein sees growth
Temu’s sales decline in the U.S. is deepening as the online marketplace drastically cuts spending on advertising targeting American consumers, signaling a shift in focus after President Donald Trump’s tariff barrage.
Canadian tariffs on US steel, aluminum could rise depending on trade talks, Carney says
Canada is the largest foreign supplier of steel, aluminum and uranium to the United States and has 34 critical minerals and metals that the Pentagon is eager for.
United States resumes visas for foreign students, but demands access to social media accounts
The U.S. State Department said consular officers will be on the lookout for posts and messages that could be deemed hostile to the United States, its government, culture, institutions or founding principles.
Smaller amusement parks hope for a strong summer under the shadow of tariffs
Some park owners fear ongoing economic uncertainty could keep families from traveling this summer, while tariffs could add extra costs for items like game prizes or parts for rides.