US Edition
How Trump Turned the Tide in His Trade War
UNITED STATES, JUL 23 – President Trump increased tariffs from 10% to 15% on imports from key partners to protect US industry and leverage better trade deals, affecting dozens of countries, officials said.
- President Donald Trump raised tariffs on key trading partners and declared a trade war on the world, escalating global trade tensions in 2024.
- This escalation came after trade organizations attributed growing duties and uncertainty over trade regulations to the disruption of international commerce and increased market instability.
- The administration imposed historically high tariffs, paused some in April, and secured trade agreements offering tariff certainty with nations like Japan, the UK, and Southeast Asian countries.
- Sara Eisen reported $26.6 billion in US federal tariff revenue in June, while economists cautioned policies raise costs to businesses, and global trade volume is forecast to contract by 0.2 percent this year.
- Though US and global economies have withstood current tariffs, experts warn long-term political and economic damage remains possible and the trade war is far from over.
13 Articles
13 Articles
Sec. Rollins: Trump’s Trade Wins Boost American Farmers, Manufacturers
Sec. Rollins on President Trump’s victories for American Agricole: “It is one win after another… He’s opening up all these markets across the world, and the people that will win the most from this are American farmers and ranchers — and our manufacturers.”
How Much of a Trade Irritant Is Supply Management as Trump Rails Against Canada’s Dairy Tariffs?
News Analysis Is Canada’s supply management system for the production of dairy and eggs a major stumbling block in current negotiations between Prime Minister Mark Carney and U.S. President Donald Trump? Trump has certainly mentioned the Canadian dairy sector’s protective policies when airing his grievances about trade relations with Canada. However, he hasn’t opposed it with the same vigour as he recently opposed Canada’s Digital Services Tax (…
Analysis by David Goldman, CNN President Donald Trump has pulled off a stunning feat: He's raising tariffs on some of America's most important trading partners, and the world at large is celebrating the deals as victories. Imposing historically high taxes on imports from around the world, especially at a time when American consumers are still recovering from the highest inflation they've experienced in four decades, marked one of Trump's boldest…
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