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April 9, 2025 Trade Wars Are Easy to Lose
Beijing Has Escalation Dominance in the U.S.-China Tariff Fight, Adam S. Posen
When a country (USA) is losing many billions of dollars on trade with virtually every country it does business with,” U.S. President Donald Trump famously tweeted in 2018, “trade wars are good, and easy to win.” This week, when the Trump administration imposed tariffs of more than 100 percent on U.S. imports from China, setting off a new and even more dangerous trade war, U.S. Treasury Secretary Scott Bessent offered a similar justification: “I think it was a big mistake, this Chinese escalation, because they’re playing with a pair of twos. What do we lose by the Chinese raising tariffs on us? We export one-fifth to them of what they export to us, so that is a losing hand for them.”
April 4, 2025 Reciprocal Tariff Calculations
Reciprocal tariffs are calculated as the tariff rate necessary to balance bilateral trade deficits between the U.S. and each of our trading partners. This calculation assumes that persistent trade deficits are due to a combination of tariff and non-tariff factors that prevent trade from balancing. Tariffs work through direct reductions of imports.
Reciprocal tariff rates range from 0 percent to 99 percent, with unweighted and import-weighted averages of 20 percent and 41 percent.
April 2, 2025 White House Announcement on New Tariffs
PURSUING RECIPROCITY TO REBUILD THE ECONOMY AND RESTORE NATIONAL AND ECONOMIC SECURITY: Today, President Donald J. Trump declared that foreign trade and economic practices have created a national emergency, and his order imposes responsive tariffs to strengthen the international economic position of the United States and protect American workers.
April 2, 2025 Closing De Minimis Exemptions for China
CLOSING LOOPHOLES IN THE TARIFF SYSTEM: Today, President Donald J. Trump signed an Executive Order eliminating duty-free de minimis treatment for low-value imports from China, a critical step in countering the ongoing health emergency posed by the illicit flow of synthetic opioids into the U.S.
April 2, 2025 Trump touts return of the 'American Dream' in historic tariff announcement
President Donald Trump announced reciprocal tariffs during a highly anticipated "Make America Wealthy Again" event which he said will restore the American dream and bolster jobs for U.S. workers.
March 31, 2025 USTR Releases 2025 National Trade Estimate Report
WASHINGTON -- Today, the Office of the United States Trade Representative (USTR) submitted the 2025 National Trade Estimate (NTE) to President Trump and Congress. The NTE is an annual report detailing foreign trade barriers faced by U.S. exporters and USTR’s efforts to reduce those barriers.
March 25, 2025 Commerce Further Restricts China’s Artificial Intelligence and Advanced Computing Capabilities
Today, the Department of Commerce’s Bureau of Industry and Security (BIS) added 80 entities to the Entity List from China, the United Arab Emirates (UAE), South Africa, Iran, Taiwan, and others for activities contrary to U.S. national security and foreign policy. As part of these measures, BIS is working toward the following objectives:
March 25, 2025 Trump's trade war timeline 2.0: An up-to-date guide This timeline, originally published February 25, 2025, will be updated to document US trade actions during President Donald Trump's second term in office. For events during his first term, visit this page. Peterson Institute for International Economics
March 24, 2025 Farmers, Dockhands and Shipowners Fight Against U.S. Fees on Chinese Ships A swath of companies and trade groups warn of higher costs for importers and consumers and risk of job losses. A broad cross-section of American business is dialing up its opposition to the Trump administration’s plan to impose steep fees on Chinese ships calling at American ports.
March 18, 2025 - India, New Zealand target free trade pact in 60 days to boost trade ties
NEW DELHI,(Reuters) - India and New Zealand aim to sign a free trade agreement in the next two months, New Zealand's Prime Minister Christopher Luxon said on Tuesday, a move that could expand bilateral trade in agricultural, aerospace and renewable energy sectors.
March 17, 2025 - Global economic outlook uncertain as growth slows, inflationary pressures persist and trade policies cloud outlook
The global economy has been resilient in 2024, but some signs of weakness are appearing against a backdrop of slower growth, lingering inflation and an uncertain policy environment, according to the OECD’s latest Interim Economic Outlook.
March 12, 2025 - Trump Warns EU on Retaliatory Tariffs, Says Irish Tax Policies Lured US Firms
WASHINGTON (Reuters) - U.S. President Donald Trump on Wednesday vowed to respond to the European Union's threat to impose counter tariffs on 26 billion euros ($28 billion) worth of U.S. goods from next month after Trump implemented blanket tariffs on steel and aluminum imports.
March 7, 2025 - Public Hearing Regarding Section 301 Investigation on China’s Acts, Policies, and Practices
WASHINGTON – The Office of the United States Trade Representative will hold a public hearing on March 11, 2025, regarding the Section 301 investigation on China’s acts, policies, and practices related to targeting of the semiconductor industry for dominance. The hearing will take place in the main hearing room of the U.S. International Trade Commission, at 500 E Street SW, Washington, DC, starting at 10:00 am ET.
March 7, 2025 - World Trade Organization chief says US concerns on tariffs need to be heard
GENEVA (AP) — The World Trade Organization chief urged America’s global trading partners on Friday to listen to U.S. concerns about tariffs and engage in dialogue with Washington rather than embrace tit-for-tat measures on tariffs.
March 6, 2025 - U.S. Trade Deficit Increased in January 2025
The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was $131.4 billion in January, up $33.3 billion from $98.1 billion in December, revised.
March 6, 2025 - CMA CGM to Invest $20 billion in US shipping, ports, and logistics
CMA CGM announced Thursday it would spend $20 billion over the next four years to significantly bolster its logistics presence in the US, including expanding its US-flagged fleet and increasing capacity at key US ports.
March 6, 2025 - Trump Delays Canada, Mexico Tariffs for Goods Under USMCA
President Donald Trump exempted Mexican and Canadian goods covered by the North American trade agreement known as USMCA from his 25% tariffs, offering major reprieves to the US’s two largest trading partners.
Beijing Has Escalation Dominance in the U.S.-China Tariff Fight, Adam S. Posen
When a country (USA) is losing many billions of dollars on trade with virtually every country it does business with,” U.S. President Donald Trump famously tweeted in 2018, “trade wars are good, and easy to win.” This week, when the Trump administration imposed tariffs of more than 100 percent on U.S. imports from China, setting off a new and even more dangerous trade war, U.S. Treasury Secretary Scott Bessent offered a similar justification: “I think it was a big mistake, this Chinese escalation, because they’re playing with a pair of twos. What do we lose by the Chinese raising tariffs on us? We export one-fifth to them of what they export to us, so that is a losing hand for them.”
April 4, 2025 Reciprocal Tariff Calculations
Reciprocal tariffs are calculated as the tariff rate necessary to balance bilateral trade deficits between the U.S. and each of our trading partners. This calculation assumes that persistent trade deficits are due to a combination of tariff and non-tariff factors that prevent trade from balancing. Tariffs work through direct reductions of imports.
Reciprocal tariff rates range from 0 percent to 99 percent, with unweighted and import-weighted averages of 20 percent and 41 percent.
April 2, 2025 White House Announcement on New Tariffs
PURSUING RECIPROCITY TO REBUILD THE ECONOMY AND RESTORE NATIONAL AND ECONOMIC SECURITY: Today, President Donald J. Trump declared that foreign trade and economic practices have created a national emergency, and his order imposes responsive tariffs to strengthen the international economic position of the United States and protect American workers.
April 2, 2025 Closing De Minimis Exemptions for China
CLOSING LOOPHOLES IN THE TARIFF SYSTEM: Today, President Donald J. Trump signed an Executive Order eliminating duty-free de minimis treatment for low-value imports from China, a critical step in countering the ongoing health emergency posed by the illicit flow of synthetic opioids into the U.S.
April 2, 2025 Trump touts return of the 'American Dream' in historic tariff announcement
President Donald Trump announced reciprocal tariffs during a highly anticipated "Make America Wealthy Again" event which he said will restore the American dream and bolster jobs for U.S. workers.
March 31, 2025 USTR Releases 2025 National Trade Estimate Report
WASHINGTON -- Today, the Office of the United States Trade Representative (USTR) submitted the 2025 National Trade Estimate (NTE) to President Trump and Congress. The NTE is an annual report detailing foreign trade barriers faced by U.S. exporters and USTR’s efforts to reduce those barriers.
March 25, 2025 Commerce Further Restricts China’s Artificial Intelligence and Advanced Computing Capabilities
Today, the Department of Commerce’s Bureau of Industry and Security (BIS) added 80 entities to the Entity List from China, the United Arab Emirates (UAE), South Africa, Iran, Taiwan, and others for activities contrary to U.S. national security and foreign policy. As part of these measures, BIS is working toward the following objectives:
March 25, 2025 Trump's trade war timeline 2.0: An up-to-date guide This timeline, originally published February 25, 2025, will be updated to document US trade actions during President Donald Trump's second term in office. For events during his first term, visit this page. Peterson Institute for International Economics
March 24, 2025 Farmers, Dockhands and Shipowners Fight Against U.S. Fees on Chinese Ships A swath of companies and trade groups warn of higher costs for importers and consumers and risk of job losses. A broad cross-section of American business is dialing up its opposition to the Trump administration’s plan to impose steep fees on Chinese ships calling at American ports.
March 18, 2025 - India, New Zealand target free trade pact in 60 days to boost trade ties
NEW DELHI,(Reuters) - India and New Zealand aim to sign a free trade agreement in the next two months, New Zealand's Prime Minister Christopher Luxon said on Tuesday, a move that could expand bilateral trade in agricultural, aerospace and renewable energy sectors.
March 17, 2025 - Global economic outlook uncertain as growth slows, inflationary pressures persist and trade policies cloud outlook
The global economy has been resilient in 2024, but some signs of weakness are appearing against a backdrop of slower growth, lingering inflation and an uncertain policy environment, according to the OECD’s latest Interim Economic Outlook.
March 12, 2025 - Trump Warns EU on Retaliatory Tariffs, Says Irish Tax Policies Lured US Firms
WASHINGTON (Reuters) - U.S. President Donald Trump on Wednesday vowed to respond to the European Union's threat to impose counter tariffs on 26 billion euros ($28 billion) worth of U.S. goods from next month after Trump implemented blanket tariffs on steel and aluminum imports.
March 7, 2025 - Public Hearing Regarding Section 301 Investigation on China’s Acts, Policies, and Practices
WASHINGTON – The Office of the United States Trade Representative will hold a public hearing on March 11, 2025, regarding the Section 301 investigation on China’s acts, policies, and practices related to targeting of the semiconductor industry for dominance. The hearing will take place in the main hearing room of the U.S. International Trade Commission, at 500 E Street SW, Washington, DC, starting at 10:00 am ET.
March 7, 2025 - World Trade Organization chief says US concerns on tariffs need to be heard
GENEVA (AP) — The World Trade Organization chief urged America’s global trading partners on Friday to listen to U.S. concerns about tariffs and engage in dialogue with Washington rather than embrace tit-for-tat measures on tariffs.
March 6, 2025 - U.S. Trade Deficit Increased in January 2025
The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was $131.4 billion in January, up $33.3 billion from $98.1 billion in December, revised.
March 6, 2025 - CMA CGM to Invest $20 billion in US shipping, ports, and logistics
CMA CGM announced Thursday it would spend $20 billion over the next four years to significantly bolster its logistics presence in the US, including expanding its US-flagged fleet and increasing capacity at key US ports.
March 6, 2025 - Trump Delays Canada, Mexico Tariffs for Goods Under USMCA
President Donald Trump exempted Mexican and Canadian goods covered by the North American trade agreement known as USMCA from his 25% tariffs, offering major reprieves to the US’s two largest trading partners.