US EditionHow Trump's chaotic trade war has evolved
- President Donald Trump imposed multiple tariffs starting February 1, 2025, including 25% on Mexican and Canadian imports and 10% on Chinese goods, sparking global market uncertainty.
- These tariffs aimed to pressure Mexico and Canada to reduce fentanyl and illegal immigration, while no similar deal was reached with China, leading to expanded tariff measures.
- Trump raised steel and aluminum tariffs to 25%, doubled fentanyl-related tariffs on China to 20%, announced a 10% baseline global tariff, paused many country-specific tariffs on April 9 after market turmoil, and later granted tariff exclusions to electronics.
- On May 12, the U.S. And China agreed to a 90-day tariff truce, cutting U.S. Tariffs on Chinese imports from 145% to 30% and China's on U.S. Goods from 125% to 10%, while fentanyl-related tariffs remained.
- This temporary reduction lowered trade tensions and encouraged financial market gains but maintained key tariffs, indicating that uncertainty in U.S.-China trade relations continues.
57 Articles
57 Articles
Pessimistic about the economy? You're not alone.
When “vibecession” became a word in 2022, it referred to consumers grappling with higher prices despite a strong economy. This year, consumers are feeling similar. In this episode, what makes today’s sour economic mood, driven by trade war anxiety, different from the last one. Plus: Two big economic indicators come out later this week, we explain the inner workings of online travel agents, and “This is Uncomfortable” host Reema Khrais helps a co…
USA-TRUMP/TARIFFS (TIMELINE):TIMELINE-How Trump's trade war is upending global economy
compactmag.com
Real Clear PoliticsTen Years and a Hundred Days of Trump
The past decade or more in American politics witnessed a breakdown of the party system. It began invisibly, with the tepid optimism of Obama’s second term and the assurance that we had weathered the effects of the 2007-09 financial collapse, except for some “economic headwinds” after the flood. But the little word “we” never properly denoted all Americans. The truth is that, for many people, the suction of the receding waters never abated. Meanw…
On the eve of his inauguration on January 19, Donald Trump attributed himself to the merit of the then booming stock market. "Everyone calls it—I don't mean this, it's too presumptuous, but we'll say it anyway—the Trump effect.It's you.You're the effect.Since the elections, the stock market has risen," Trump said.However, in the next three months, the stock market has faltered.The S&P 500's stock average has decreased by 5.2% since Trump took of…
Coverage Details
Bias Distribution
- 54% of the sources lean Left
To view factuality data please Upgrade to Premium
Ownership
To view ownership data please Upgrade to Vantage
