US EditionUS Goods Exports Tumble by Most Since 2020 as Trump’s Tariffs Disrupt Trade
UNITED STATES, JUN 25 – Tariffs have forced U.S. fashion firms to diversify sourcing away from China, with some expecting up to $300 million in added costs, disrupting supply chains and cash flow, research shows.
- On June 25, 2025, at the Port of Los Angeles, container ships were being loaded with cargo amidst ongoing disruptions to trade.
- This followed the Trump administration's April 2 announcement of reciprocal tariffs as part of a stronger America-first trade policy.
- These tariffs have led to a five percent drop in U.S. goods exports to $179.2 billion in May, while imports remained nearly unchanged.
- Former Treasury Secretary Larry Summers said tariffs will average 13 to 14 percent and called them a "self-inflicted wound" raising prices and unemployment.
- The tariffs contributed to global economic slowdown concerns, with major banks lowering growth forecasts and recession risk nearing 50 percent in 2025.
17 Articles
17 Articles
MI gift shop owner says Trump tariff policies are bad for business
Fewer customers. Smaller purchases. Missed paychecks. “It’s that threat of instability that’s killing the flow.” Karen Roofe, the owner of My Secret Stash in Traverse City, says economic instability from President Donald Trump’s tariff policies is hitting Michigan’s micro-businesses the hardest. The post MI gift shop owner says Trump tariff policies are bad for business first appeared on The Gander.
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…
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