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Tag: national security and trade
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’s Pharmaceutical Tariffs: Navigating the Legal, Economic, and Policy Implications
In April 2025, President Donald Trump announced plans to impose pharmaceutical tariffs, signaling a significant shift in U.S. trade and healthcare policy. This move aims to repatriate critical industry supply chains to the United States, leveraging national security concerns to justify trade measures without congressional approval. The proposed tariffs are expected to particularly affect pharmaceutical exporters from countries like Britain and Ireland, which collectively enjoy a substantial trade surplus with the U.S..
​Title: “Liberation Day Tariffs: Legal Foundations, Global Impacts, and the Future of U.S. Trade Policy”​
On April 2, 2025, President Donald J. Trump declared a "national emergency" to address what he termed "large and persistent U.S. trade deficits," unveiling a sweeping tariff regime known as the "Liberation Day" tariffs. This policy imposed a universal 10% tariff on all imports, with higher, country-specific tariffs—some exceeding 50%—targeting nations with significant trade surpluses with the United States. The administration justified these measures under the International Emergency Economic Powers Act (IEEPA), asserting that economic imbalances posed a threat to national security