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Tag: international trade law
Global Economic Outlook: The Rising Influence of U.S.-China Trade relations and Fiscal Health on Asian Markets
INTRODUCTION
In the wake of shifting economic dynamics, Asia’s stock markets have found themselves in a delicate balancing act, influenced by a host of factors,...
U.S. Economy Contracts in Q1 2025: Legal and Policy Implications Amid Tariff-Induced Trade Shifts
In the first quarter of 2025, the U.S. economy contracts in Q1 2025 by 0.3%, marking the first decline since early 2022. This downturn was primarily driven by a surge in imports as businesses and consumers rushed to purchase foreign goods ahead of new tariffs introduced by President Donald Trump. The resulting record trade deficit significantly dragged down GDP.Â
U.S. and China Slash Tariffs in Temporary Trade Truce: A Comprehensive Analysis
U.S. and China Slash Tariffs: In a significant development in international trade relations, the United States and China have agreed to a 90-day reduction in tariffs, marking a temporary truce in their ongoing trade conflict. This agreement, reached after intensive negotiations in Geneva, reduces U.S. tariffs on Chinese goods from 145% to 30% and lowers China's tariffs on U.S. goods from 125% to 10% . The truce aims to provide a window for both nations to negotiate a more permanent resolution to their trade disputes.
China’s 90-Day Tariff Reduction: A Strategic Pause in U.S.-China Trade Relations
On May 13, 2025, China's Ministry of Finance announced a significant policy shift: China's 90-Day Tariff Reduction on U.S. goods to 10%, effective from May 14. This move marks a notable de-escalation in the ongoing trade tensions between the world's two largest economies. The decision follows a series of reciprocal tariff increases that had escalated to unprecedented levels, with U.S. tariffs on Chinese goods reaching 145% and Chinese tariffs on U.S. goods peaking at 125% .
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.
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 .