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Tag: executive trade authority
Navigating the New U.S.-U.K. Trade Framework: Legal, Economic, and Policy Dimensions
On May 8, 2025, the U.S.-U.K. trade framework aimed at alleviating some of the tariffs imposed in recent years. This agreement marks a significant development in international trade relations, particularly in the context of President Donald Trump's "Liberation Day" tariffs, which introduced a 10% baseline tariff on imports and higher rates on specific goods. The new framework seeks to reduce tariffs on certain products, such as British automobiles and steel, while maintaining others. It also opens up the U.K. market to more U.S. agricultural exports.
A Temporary Truce: The U.S.-China Tariff Reduction and Its Implications for Global Trade
U.S.-China Tariff Reduction: On May 12, 2025, the United States and China announced a significant, albeit temporary, reduction in tariffs, marking a notable de-escalation in their ongoing trade conflict. The agreement entails the U.S. lowering tariffs on Chinese goods from 145% to 30%, while China reduces its tariffs on U.S. goods from 125% to 10%, effective for a 90-day period starting May 14, 2025 . This development follows a series of tit-for-tat tariff increases that have strained bilateral relations and disrupted global supply chains.
U.S. and China Slash Tariffs in 90-Day Truce: A Legal and Policy Analysis of the Temporary Trade Reset
On May 12, 2025, the United States and China announced a significant de-escalation in their ongoing trade conflict. In a surprising turn of events, both the U.S. and China Slash Tariffs in 90-day Truce, reducing reciprocal tariffs that had previously reached unprecedented levels. The U.S. lowered tariffs on Chinese goods from a peak of 145% to 30%, while China reduced its tariffs on U.S. imports from 125% to 10%. This agreement, reached during negotiations in Geneva, aims to provide temporary relief to global markets and businesses affected by the prolonged trade war .
U.S. Economy Contracts Amid Tariff Turbulence: A Comprehensive Analysis of Q1 2025
In the first quarter of 2025, the U.S. economy contracts by 0.3%, marking the first decline since early 2022 . This downturn was primarily attributed to a surge in imports as businesses and consumers rushed to purchase foreign goods ahead of new tariffs introduced by President Trump . The resulting record trade deficit significantly dragged down GDP.
Tariff Tensions and Market Reactions: Navigating the U.S.-China Trade Landscape in 2025
INTRODUCTION
In April 2025, the global economic landscape was significantly influenced by escalating trade tensions between the United States and China. The imposition of substantial...
Trump Signals Return to Protectionist Policy with Announcement of Major Trade Deal: Legal and Policy Implications of a Renewed Economic Nationalism
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.