Here's what's really behind Trump's tariffs - and how they may backfire

Here's what's really behind Trump's tariffs - and how they may backfire

I am not a supporter of Donald Trump, but I can recognize the potential of tariffs as a strategic counter to globalism and the multipolar world led by BRICS - Brazil, Russia, India, China, and South Africa. Tariffs are taxes levied on goods imported into the United States, paid by American importers rather than foreign governments. For example, if a company imports Chinese steel subject to a tariff, it incurs an additional cost at US Customs, of…

How Trump’s tariffs can be a Force Majeure event for some contracts

7th April 2025 * And why it depends on what a particular contract says * This morning we said “Hello!” to Force Majeure. As as the second Trump presidency runs out of constitutional law topics for legal pundits, it now moves onto contract law. (Soon it will be, no doubt, moving onto insolvency law and civil emergency law.) * The reference to Force Majeure was in this Guardian live blog news item: The Reuters news report mentioned is here. Tha…

Can BRICS Win from Trump’s Tariffs?

These tariffs could have far-reaching consequences for countries within the BRICS bloc (Brazil, Russia, India, China, and South Africa). As the world’s second-largest economy, China, and other BRICS nations grapple with the effects of these tariffs, the question arises: Can BRICS emerge victorious from Trump’s tariff policies? The Impact of Trump’s Tariffs on BRICS Trump’s tariffs, particularly those targeting imports from China, have been a sig…