US EditionTrump gets his way on tariffs, but global trade system intact for now
UNITED STATES, JUL 31 – Trump's tariff increases target US trade deficits with major economies while global trade growth remains resilient, totaling nearly $24 trillion in 2023, according to World Trade Organization data.
- Experts believe there is little threat to the global trade system despite Trump's actions, as they expect limited fallout.
- Many economists argue that putting up tariffs does not make a country richer, emphasizing that this idea is outdated.
- The global community still values the system of engagement and interdependence for effective trade.
53 Articles
53 Articles
Are Trump's tariffs the end of the free trade era?
For the last 80 years, America has been a leading advocate of free trade. It built (and benefited from) the rules of the global economic system. But as the Trump administration imposes record tariffs on allies and renegotiates trade agreements around the world, it’s no longer playing by the rules it created. Instead, it's becoming the most protectionist advanced industrial economy in the world. What happens when globalization's biggest backer be…
The Washington Hispanic
President Donald Trump signed a decree this Thursday imposing higher tariffs on dozens of countries to restructure world trade for the benefit of the United States. The new customs tariffs, one of the Republican President’s preferred words, known for having a mercantilistic view of trade relations, will not come into effect this Friday as originally planned, but within seven days. This delay aims to give customs time to prepare, a high U.S. offi…
InsideNoVA.com
Trump gets his way on tariffs, but global trade system intact for now
President Donald Trump has succeeded in strong-arming nations to accept higher tariffs on US exports, yet for now experts see little threat to the postwar trend of lower duties in the pursuit of greater wealth all around.
Trump Gets His Way On Tariffs, But Global Trade System Intact For Now
President Donald Trump has succeeded in strong-arming nations to accept higher tariffs on US exports, yet for now experts see little threat to the postwar trend of lower duties in the pursuit of greater wealth all around.
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