US EditionUS Goods Exports Tumble by Most Since 2020 as Trump’s Tariffs Disrupt Trade
- On June 25, 2025, a large number of cargo containers were loaded onto vessels at the Los Angeles harbor amid ongoing global trade disputes.
- This followed the Trump administration's April 2 announcement expanding reciprocal tariffs to all trading partners, focusing especially on the EU, Japan, and China.
- These tariffs under the 'America First' policy have drawn global criticism, disrupted trade flows, boosted commodity prices, and weakened confidence in US economic leadership.
- Former Treasury Secretary Larry Summers estimated tariffs would average 13 to 14 percent, saying they "raise prices, increase unemployment, and reduce competitiveness" amid a less than 50-50 recession risk.
- The tariff-driven trade disruptions contributed to the largest US export drop since 2020 and have pressured economists and institutions to lower global growth forecasts for 2025.
14 Articles
14 Articles
The Trump effect on Canada’s US-bound exports
The US-Canada relationship has hit new lows since US President Donald Trump took office in January. In the early weeks of his presidency, he not only threatened to annex Canada, but Trump also imposed hefty tariffs on key Canadian exports, including auto parts and metals, triggering a trade war across one of the most commercially integrated borders in the world. As a result, Canada’s exports to the US have plummeted by nearly 20% since Trump too…
Global trade has reached another turning point: according to the latest Export Watchdog Report by EXIM Hungary, the tariff war unfolding this year could bring about a significant reshuffle in global markets. The 3.3% global GDP growth in 2024 could be followed by 2.8% this year and 3.0% next year, according to the latest issue of EXIM Hungary's professional analysis of exports and expected trends. The biannual publication points out that in addi…
Trump’s failed global tariff war has achieved only this: a diminished America that no one can trust - Stephen's Lighthouse
Trump’s failed global tariff war has achieved only this: a diminished America that no one can trust https://www.thestar.com/business/opinion/trumps-failed-global-tariff-war-has-achieved-only-this-a-diminished-america-that-no-one/article_784cd4b5-b30b-4190-a003-b59d6da54728.html Pro plugin deactivated or invalid The post Opinion | Trump’s failed global tariff war has achieved only this: a diminished America that no one can trust first appeared o…
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