US EditionNew Trump tariffs: early modelling shows most economies lose – the US more than many
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New Trump tariffs: early modelling shows most economies lose – the US more than many
Niven Winchester, Auckland University of Technology The global rollercoaster ride of United States trade tariffs has now entered its latest phase. President Donald Trump’s April 2 “Liberation Day” announcement placed reciprocal tariffs on all countries. A week later, amid financial market turmoil, these tariffs were paused and replaced by a 10% baseline tariff on most goods. On July 31, however, the Trump Administration reinstated and expanded t…
"We are more likely to show our paws than our claws," says Már Wolfgang Mixa, associate professor at the University of Iceland's Faculty of Business Administration, about Iceland's negotiating position towards the United States. There are two days until the newly announced tariff increase by the United States takes effect, at which time the tariff on Icelandic products will increase from 10% to 15%. Minister of Foreign Affairs Þorgerður Katrín G…
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