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
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
“Liberation Day” Arrives: U.S. Unveils Sweeping New Tariffs
President Donald Trump marked what he termed a “Declaration of Economic Independence” at the high-profile “Make America Wealthy Again” event, announcing comprehensive new tariffs aimed at reshaping America’s trade relationships globally. Dubbed “Liberation Day” by the administration, the strategy introduces a baseline tariff of 10% on virtually all imports into the U.S., significantly altering the landscape of international commerce. A Strategic Shift in Global Trade … Read More