Trump Trade War: Tariffs and Consequences
For President Donald Trump, the tariff policy appears to be one of his most potent tools for steering the United States toward a 'golden age.' This policy functions as a powerful weapon, reshaping the global trade landscape and driving the world into unforeseen economic conflicts.
US Imposes 125% Tariff on China, Pauses Tariffs for 90 Days on Over 75 Countries
On April 10, US President Donald Trump announced an immediate increase in tariffs on China to 125%, while pausing tariff impositions for 90 days on more than 75 other countries and reducing retaliatory tariffs to 10%.
Vietnam, US Agree to Initiate Negotiations on Reciprocal Trade Deal
Deputy Prime Minister Ho Duc Phuoc, Special Envoy of General Secretary To Lam, met with US Trade Representative Jamieson Greer on April 9 as part of his ongoing visit to the US.
US President Donald Trump: Reciprocal Tariffs Will Target All Countries
On March 30, US President Donald Trump announced that the reciprocal tariffs expected to be unveiled this week would apply to all countries, not just a small group of 10 to 15 nations with the largest trade deficits with the US. This statement marks a shift in his approach to import tariffs, as just a few days earlier, he had left open the possibility of narrowing the plan's scope.
Negotiation Over Confrontation: Countries Taking Cautious Approach to US Tariffs
While the EU and Canada have responded strongly to the US tariff measures, some countries like the UK, Mexico, Australia, and others have opted for a more cautious path: negotiation instead of confrontation. This strategy helps them avoid escalating trade tensions but also entails risks when dealing with a US administration ready to use tariffs as a negotiation tool.
Trump’s 25% Tariff: "Seismic Shock" to Global Auto Industry
Experts in the automotive industry predict that this latest move by the US could disrupt global trade and supply chains.
EU Will "Fight Fire with Fire" in Trade War with US?
Targeting Big Tech could be among the EU’s options to hit Washington where it hurts, Belgium’s foreign minister says.
Understanding Trump's Tariffs in Five Charts
Data shows import taxes could broadly affect US industries from medicine to machinery.
Vietnam, US Strengthen Trade Ties with US $90.3 Billion in New Agreements
Vietnam’s leading corporations signed US $90.3 billion in trade agreements with US partners, covering LNG, aviation, and biofuels. These deals will boost jobs and investment from 2025 onward.
US Businesses Struggle Amid Trump's Unpredictable Tariff Policies
Amid continuous shifts in the tariff policies of President Donald Trump's administration, some US businesses have reduced their orders or put investment plans on hold.
Timeline of Trump 2.0 Trade Policy
At the beginning of his second term, President Donald Trump implemented a series of new trade policies to adjust the economic balance and serve the United States' strategic objectives. Below are the key actions taken by the Trump administration and the reactions from the related countries.
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