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June 4, 2025 Trump’s 50% tariffs on imported steel, aluminum take effect US President Donald Trump’s 50% tariffs on most imported steel and aluminum went into effect on Wednesday, the same day as his deadline for trading partners to give their “best offer” in bids to avoid import tax rates on other goods from taking effect next month.
June 4, 2025 Australia and EU determined to seal trade deal, Australian minister says as talks revive Australia and the European Union have revived talks for a sweeping free trade agreement, after Australia's trade minister Don Farrell met with the European Commissioner for Trade Maroš Šefčovič in Paris on Wednesday.
May 27, 2025 FRANKFURT, Germany (AP) — The US and EU are in a showdown over trade. Top officials at the European Union’s executive commission says they’re pushing hard for a trade deal with the Trump administration to avoid a 50% tariff on imported goods. Trump had threatened to impose the tariffs on June 1, but has pushed back the deadline to July 9, repeating an oft-used tactic in his trade war.
May 8, 2025 US - UK Reach Historic Trade Deal - Today, on the 80th anniversary of Victory Day for World War II, President Donald J. Trump and Prime Minister Keir Starmer announced a historic trade deal, providing American companies unprecedented access to the UK markets while bolstering U.S. national security.
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.
June 4, 2025 Australia and EU determined to seal trade deal, Australian minister says as talks revive Australia and the European Union have revived talks for a sweeping free trade agreement, after Australia's trade minister Don Farrell met with the European Commissioner for Trade Maroš Šefčovič in Paris on Wednesday.
May 27, 2025 FRANKFURT, Germany (AP) — The US and EU are in a showdown over trade. Top officials at the European Union’s executive commission says they’re pushing hard for a trade deal with the Trump administration to avoid a 50% tariff on imported goods. Trump had threatened to impose the tariffs on June 1, but has pushed back the deadline to July 9, repeating an oft-used tactic in his trade war.
May 8, 2025 US - UK Reach Historic Trade Deal - Today, on the 80th anniversary of Victory Day for World War II, President Donald J. Trump and Prime Minister Keir Starmer announced a historic trade deal, providing American companies unprecedented access to the UK markets while bolstering U.S. national security.
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.