Tariffs

The European Union has announced the implementation of counter tariffs on US goods valued at €26 billion (approximately $28 billion) beginning next month. This move marks a significant escalation in the ongoing global trade tensions, prompted by the blanket tariffs imposed by the United States on steel and aluminum imports. In response to these trade dynamics, US President Donald Trump has activated increased tariffs of 25% on all steel and aluminum imports, which took effect as previous exemptions and duty-free quotas…

Evaluating the EU's Response to Trump's "Fair and Reciprocal Plan" As the dust settles on President Donald Trump's announcement regarding the "fair and reciprocal plan" for tariffs, one must ponder: How concerned should Ireland and its European allies truly be? The rhetoric wielded by the president appeared to target multiple sectors linked to Ireland—ranging from the pharmaceutical giants to tech behemoths like Apple, not to mention various agricultural goods and the infamous EU Value Added Tax (VAT). His remarks echoed…

At the NLMK Indiana steel mill, a scene unfolds that is almost mesmerizing; a brilliant dance of light and metal as workers keep a vigilant eye on the steel, melting in an electric arc furnace at a scorching 3,000 degrees Fahrenheit (1,649°C). It's an industrial ballet, unfolding quietly but with relentless fervor. Yet, how will the international trading stage change with the US steel narrative shifting so dramatically? In his bold stride to reconfigure a purportedly inequitable global trade system, President…

In a striking development, U.S. President Donald Trump recently announced plans to impose an additional 25% tariff on all steel and aluminum imports, building upon the existing metal duties already in effect. This decision marks yet another chapter in his ongoing trade policy revisions that have some analysts scratching their heads. While en route to the NFL Super Bowl in New Orleans, Mr. Trump shared this news with reporters aboard Air Force One. He indicated that he would detail these new metals tariffs shortly, perhaps…

On the 20th of January, a palpable wave of relief washed over European leaders when Donald Trump, during his inauguration speech, elected to forego any mention of tariffs impacting European goods. Yet this sense of ease was fleeting. Just hours later, as he disembarked from Air Force One at Joint Base Andrews, he greeted reporters with a pointed remark: "It will definitely happen with the European Union." How quickly the horizon can darken when it comes to transatlantic relations. Trump's self-assured declarations painted a…

On Monday, President Donald Trump agreed to suspend for 30 days his looming tariff threats against Mexico and Canada. Why this sudden change of heart? It appears our two largest trading allies made significant efforts to tackle Trump's concerns over border security and drug-related issues, efforts that warranted a temporary reprieve. Consider this pause a cooling-off period after what could only be described as a tempestuous few days. North America found itself on the brink of a trade war—a situation brimming with the…

In a dramatic escalation of trade tensions, U.S. President Donald Trump has announced steep tariffs on imports from Canada, Mexico, and China, starting Tuesday. The punitive measures entail a staggering 25% tariff on goods from Canada and Mexico, alongside a 10% levy on Chinese imports. Economists are ringing alarm bells, suggesting this could spark a new trade war, jeopardizing global growth and reigniting inflationary pressures. Following a lengthy golfing session in Florida, Trump put pen to paper on three isolated…

The administration of U.S. President Donald Trump is poised to introduce new tariffs targeting key trading partners: Canada, Mexico, and China. This move could disrupt supply chains that span multiple sectors—from energy to automotive—while raising alarms about potential inflation. Specifics of the tariffs are already generating concern. Mr. Trump intends to impose a steep 25% tariff on imports from Canada and Mexico, attributing this decision to what he perceives as these nations’ inadequate efforts to curb illegal…

In a bold move likely to stir international trade waters, U.S. President Donald Trump confirmed plans to impose 25% tariffs on imports from Mexico and Canada beginning February 1st. "Will oil be part of the equation?" you might wonder. Surprisingly, that remains an unanswered query. In a meeting with reporters within the storied walls of the Oval Office, Trump cited the hefty influx of undocumented migrants and the perilous rise of fentanyl-mediated deaths as motivations behind this policy shift. With a furrowed brow and a…