Trump Announces New Tariffs, Shaking Up Global Trade
President Trump’s executive order introduces 10-41% tariffs on major U.S. partners starting August 7, reshaping global trade. Deals with the Chinese mainland and Mexico are pending.
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President Trump’s executive order introduces 10-41% tariffs on major U.S. partners starting August 7, reshaping global trade. Deals with the Chinese mainland and Mexico are pending.
Brazil and India push back against looming U.S. tariffs, vowing to defend their economies and explore new markets in response to Washington’s pressure.
Eurozone Q2 growth slowed to 0.1% as U.S. tariffs sting, with Germany and Italy contracting while Spain shows resilience amid trade tensions.
Asia grapples with uncertainty as U.S. tariffs and declining trust among allies shake up trade and alliances, driving a search for new paths forward.
As Trump’s August 1 tariff deadline looms, learn how rising rates—15% to 50%—across steel, apparel, and more could reshape global trade and what’s next.
US imposes 50% tariffs on steel and aluminum; Canada retaliates with 25% duties and new quotas, including a surcharge on Chinese mainland imports, escalating trade tensions.
The EU’s Anti-Coercion Instrument, a ‘nuclear option’, could unleash tariffs, quotas and public tender rules to counter President Trump’s threatened 30% tariffs.
European luxury makers like Lobmeyr say U.S. 30% tariffs may not dent sales, with premium quality and wealthy customers absorbing higher costs.
Japan’s PM Ishiba stays in power despite his LDP-Komeito coalition losing the upper house majority and looming US tariffs, as voters back anti-globalist Sanseito.
Charlotte Howard of The Economist warns that the US’s proposed 30% tariff on EU imports risks serious economic fallout if the EU retaliates, despite temporary inflation buffers.