US Pressures Mexico to Close Chinese 'Backdoor' to USMCA Mexico announced a plan to raise import tariffs on automobiles and other goods from countries without free-trade agreements (notably China) to the maximum WTO-allowed levels. The measures—affecting about $52 billion of…
EU Planning Counter Measures if No Deal The European Union and the US are moving towards an agreement on tariffs, with a proposed 15% tariff on imports as a baseline. The EU is prepared to accept this level for various…
Strategic Trade Deal between the US and Japan On July 22, the United States and Japan announced a trade deal after several months of negotiations. The agreement marked a significant diplomatic achievement for Japan, addressing major U.S. demands on investment…
Tariff Windfall Due to Weak Position of US Trade Partners America's trading partners have largely refrained from retaliating against President Donald Trump's sweeping tariffs, allowing the US to raise nearly $50 billion in extra customs revenues with minimal reciprocal impact…
FED Official Worried about Tariffs on Inflation Rate The June Federal Open Market Committee (FOMC) meeting minutes revealed concerns among US Federal Reserve officials that President Trump's tariffs could have persistent inflationary effects, despite initially causing a one-time price increase…
ASEAN: Caught betweeen US and China Six ASEAN countries — Indonesia, Thailand, Malaysia, Cambodia, Laos, and Myanmar — face steep U.S. tariffs starting August 1 due to accusations of goods being transshipped from China to evade tariffs. Vietnam secured a…
EU – US Trade Deal Progress US President Donald Trump initially threatened to impose 50% tariffs on European Union imports starting June 1, 2024, due to stalled trade negotiations. However, after a phone call with European Commission President Ursula von…
US Court Blocks Trump's Ability on Tariff Policy A US court ruled that former President Donald Trump’s “liberation day” tariff scheme, imposed under emergency economic powers, was illegal. The ruling challenges the Trump administration’s authority to enact sweeping global tariffs…
Will the US-UK Trade Spur More Deals? U.S. President Donald Trump and British Prime Minister Keir Starmer announced a limited bilateral trade agreement, marking the first such deal since Trump's global tariff war began. The deal modestly expands agricultural access…
High Uncertainty Continues to Spook Markets Wall Street experienced a significant sell-off on Thursday, with the S&P 500 dropping 3.5% after a brief surge the previous day. Investors are concerned that President Trump's tariffs could lead to a recession in…
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