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Tag: executive power and trade

Global Markets Stagger Under Heaviest U.S. Tariff Fallout in Recent Memory

In April 2025, former President Donald J. Trump, having returned to the White House, unveiled a sweeping new round of tariffs targeting China and other major trade partners, including the European Union, Canada, and Mexico. The most severe measures include tariffs of up to 145% on Chinese imports and steep increases on goods ranging from automobiles to electronics from allied nations. Though pitched as a bold assertion of economic sovereignty, this new tariff regime has already begun reshaping global markets, sparking retaliatory threats, and provoking urgent legal and political scrutiny.