Tag: economic nationalism

On April 2, 2025, President Donald Trump announced a sweeping overhaul of U.S. trade policy, introducing a baseline 10% tariff on all imports and significantly higher rates for certain countries, notably China. This move, termed "Liberation Day" by the administration, aimed to address longstanding trade imbalances and protect domestic industries. The immediate aftermath saw global markets plunge, with the S&P 500 experiencing its worst single-day decline since the 2020 pandemic-induced crash . However, a subsequent 90-day tariff pause, announced on April 9, led to a market rebound, highlighting the volatility and uncertainty surrounding the administration's trade strategies.

Introduction In the May 2025 issue of National Review, the editorial board presents a thematic exploration titled "Trade-Offs," delving into the complexities and consequences of...

Former President Donald Trump announced on May 8, 2025, that he would be holding a press conference to reveal a "major" new trade deal, should he win the presidency again. Without specifying the country involved or any deal terms, the announcement has already catalyzed intense speculation across global markets, legal circles, and foreign policy communities. The declaration, while ambiguous in substance, suggests the likely continuation or expansion of Trump's "America First" trade philosophy that defined his administration from 2017 to 2021.

In the first quarter of 2025, the United States economy shrank by 0.3%—its most pronounced contraction in nearly three years. Although modest in numeric terms, the political and economic reverberations were immediate and significant. The timing of this downturn has drawn particular scrutiny due to its coincidence with a sweeping suite of trade protectionist measures reintroduced by President Donald J. Trump during the opening months of his second term in office. Central to these measures was the reimplementation—and, in some cases, President Trump's 2025 Tariff Policies regimes targeting a wide array of imported goods from traditional economic rivals such as China, Mexico, and the European Union. The administration’s stated rationale was straightforward: to protect American industry, reassert economic sovereignty, and correct what it characterized as long-standing structural imbalances in the global trading system.

On May 5, 2025, former President Donald Trump, now the presumptive Republican nominee for the 2024 presidential election, declared in an interview that he seeks a "fair" trade deal with China. The statement followed his recent proposal of sweeping tariffs, including a 10% levy on imports from most countries and an unprecedented 145% tariff specifically targeting Chinese goods. Though Trump emphasized that direct negotiations with Chinese President Xi Jinping were not imminent, he claimed that diplomatic backchannels between U.S. and Chinese officials remained active.

In 2025, the United States found itself at a crossroads in economic governance and constitutional authority. Following President Donald Trump’s re-election, the administration reinvigorated its protectionist trade agenda, dramatically escalating tariffs on a wide array of imports. These tariffs, extending beyond specific industries to broad sectors of consumer goods, were implemented under emergency powers justified by claims of national security and economic self-defense.