Trump’s Tariff Map Takes Shape, Reordering Global Trade
UNITED STATES, AUG 1 – The tariffs impose rates between 10% and 41% on imports from 69 countries to protect US industries despite criticism of uneven trade barriers, economists say impact will be seismic.
- On Aug. 1, U.S. President Donald Trump delivered his deferred tariffs, applying punitive import taxes to nearly every good from 69 countries, amid legal challenges.
- President Donald Trump revived a tariff plan imposing specific rates of 10% to 41% on 69 different countries, a major break from long-standing free trade policy.
- Despite minimal foreign tariffs, the administration invoked reciprocity to justify new rates, with Trump calling them `reciprocal tariffs`, claiming `they do it to us and we do it to them`.
- U.S. Dow Jones and S&P 500 opened sharply lower, dragging European and Asian indexes into the red, despite being lower than April's sky-high rates.
- The Federal Circuit heard oral arguments on Thursday, with a ruling expected this month, as the legal foundation remains under challenge after being deemed illegal by a court.
37 Articles
37 Articles
Businesses got some clarity on Trump’s trade deal. They aren’t reassured.
Businesses finally got a bit more certainty on the direction of President Donald Trump’s trade war, but it’s not making it much easier to digest. A half-dozen leaders from financial firms, corporations and trade groups said in interviews that the series of tariff rates Trump unveiled Thursday night were steeper than they had expected, and they worry that the dizzying kaleidoscope of policies he’s applying to different countries will complicate g…
The Latest: Wall Street and US trading partners worldwide respond to Trump's new tariffs
U.S. trade partners are reacting to President Donald Trump’s executive order now set to introduce new tariffs on many of them starting Aug. 7 — as the global economy faces another test from the president’s aggressive trade agenda. Trump’s order,…
Donald Trump’s tariff grip hit hard this Friday to countries that refused or delayed signing bilateral agreements. The weight of the new US trade policy was felt all over the world, with immediate havoc on markets, ports and governments. From Asia to Africa, nations that did not close deals with Washington face tariffs of up to 41% in a week, marking a radical shift in the free trade strategy that governed the Western bloc for decades. The effec…
Just a few hours before new US tariffs were to enter into force worldwide on August 1, the US President imposed extensive additional tariffs on imports, thereby tightening his aggressive trade policy.
Donald Trump, signed this Thursday, July 31, a decree that establishes new tariffs for several South American countries, a decision that reconfigures the international trade board and, according to the US administration, aims to defend employment and the national economy.
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