On May 8, 2025, President Donald Trump and UK Prime Minister Keir Starmer unveiled a limited trade agreement aimed at easing certain tariffs and expanding market access between the two nations. While the deal marks a diplomatic milestone, it retains the controversial 10% baseline tariff on most UK exports to the U.S., signaling that protectionist policies remain a cornerstone of Trump’s trade strategy. Key Provisions … Read More
EU Prepares Countermeasures Against U.S. Tariffs
Tensions between the United States and European Union are escalating—again. On May 7, the European Commission launched a public consultation on potential retaliatory tariffs targeting a wide swath of U.S. goods. This move comes amid stalled negotiations to resolve newly imposed U.S. duties, including a 20% tariff on EU products and 25% on vehicle imports. The Stakes: €95 Billion in U.S. Goods at Risk The … Read More
Inside U.S. and Peru Trade: What Moved, What’s Next, and Why It Matters
The trade relationship between the United States and Peru is a dynamic and strategic partnership that continues to support economic growth and stability for both nations. This alliance was solidified with the United States–Peru Trade Promotion Agreement (PTPA), signed on April 12, 2006, and officially entering into force on February 1, 2009. Since then, the PTPA has significantly enhanced trade liberalization, removed tariffs on most … Read More
In Real Time: Today’s Top Tariff Headlines
Tariff Timeline: A Real-Time Look at 2025’s Key Trade Shifts May 10th- U.S. and China Agree to 90-Day Tariff Retrieve The United States and China have reached a pivotal agreement to reduce mutual tariffs for 90 days, signaling a major de-escalation in their ongoing trade war. Starting May 14, U.S. tariffs on Chinese goods will drop from 145% to 30%, while China will suspend its … Read More
US to Slap 104% Tariff on China After Deadline Expires
In a significant escalation of trade tensions, the United States has confirmed the implementation of a 104% tariff on Chinese imports, effective 12:01 a.m. ET on Wednesday. This move follows China’s refusal to withdraw its 34% retaliatory tariffs on American goods by President Trump’s Monday deadline. The White House emphasized that this action aims to address longstanding trade imbalances and unfair practices by China. White … Read More
Canada Hits Back with $155B in Tariffs on U.S. Goods
“The moment U.S. tariffs came into effect this morning, so did the Canadian response. Canada will be implementing 25% tariffs against $155 billion of American products. Starting with $30 billion worth of goods immediately, and the remaining $125 billion in 21 days’ time”, was a LinkedIn post from Canadian Prime Minister, Justin Trudeau. This decisive move by Prime Minister Trudeau marks a significant escalation in … Read More
New Guidance on Additional Tariffs for Canadian Imports
As of March 4, 2025, new additional duties on imports from Canada are officially in effect. These tariffs, imposed under Executive Order 14193, are part of the U.S. government’s efforts to combat the flow of illicit drugs across the northern border and strengthen national security. If your business imports goods from Canada, it’s crucial to understand the changes and ensure compliance with U.S. Customs and … Read More
CBP’s Update on Increased Tariffs for Imports from China and Hong Kong
The U.S. government has escalated its trade measures against China and Hong Kong, doubling additional duties on imports from these regions. As of March 4, 2025, new tariffs of 20% apply to most imports, reflecting the latest action under the Executive Order on the Synthetic Opioid Supply Chain signed on March 3, 2025. U.S. Customs and Border Protection (CBP) has provided updated guidance for businesses … Read More
Tariffs, Inflation, and Investment: The Unfolding Economic Impact
The recent imposition of tariffs by President Donald Trump has ignited significant debate among economists and industry experts about their potential consequences for the U.S. economy. While the administration asserts that these measures aim to protect domestic industries and reduce trade deficits, critics warn of possible adverse effects, including increased consumer prices, investment deterrence, and economic stagnation. One of the immediate concerns surrounding tariffs is … Read More
Trump Announces 25% Tariffs on Steel and Aluminum Imports
In a move set to shake global markets and intensify ongoing trade disputes, U.S. President Donald Trump announced plans to introduce new 25% tariffs on all steel and aluminum imports. This decision, revealed to reporters aboard Air Force One en route to the Super Bowl in New Orleans, marks a significant escalation of Trump’s aggressive trade policy. Key Highlights of the Announcement: New 25% Tariffs: … Read More
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