US Trade Account Balance And The Imposition Of Tariffs

US Trade Account Balance And The Imposition Of Tariffs

By Frank Shostak, Mises Wire | May 05, 2025 On Wednesday, April 2, 2025, the US President Trump announced that he will apply at least a 10 percent tariff on all exporters to the US, with even higher duties on some 60 nations, to counter large trade imbalances with the US. That includes some of the country’s biggest trading partners, such as China—which now faces a tariff of well above 50 percent on many goods—as well as the European Union, Japan…

ASEAN Faces a Tougher Balancing Act in US and China Trade Relations

The first 100 days of the Trump 2.0 presidency has been a rocky ride. On the trade front, countries continue to navigate trade negotiations with the US in the current 90-day pause granted on the imposition of the reciprocal tariffs. However, the lack of momentum has projected an image of an administration with no clear strategy. What has added to the complexity of these so-called trade negotiations has also been the inclusion of security issues …