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Tag: Section 301 tariffs
USTR Signals First Wave of New Trade Pacts Could Land Within Weeks
In a move that signals a significant shift in American trade diplomacy, U.S. Trade Representative (USTR) Jamieson Greer confirmed on April 30, 2025, that a series of limited trade agreements could be finalized within weeks—deals spanning nations like the United Kingdom, Saudi Arabia, the Philippines, and others. Yet conspicuously missing from these negotiations is China, the United States’ largest bilateral trading partner for most of the last two decades. Greer acknowledged that no formal trade discussions are currently underway with Beijing.
U.S. Launches Urgent Talks to End Sharpest Tariff War with China Since 2018
In a geopolitical climate already brimming with economic nationalism, technological rivalry, and diverging worldviews, the United States' recent diplomatic overture to China concerning the renegotiation of tariffs marks a pivotal moment in the global economic order. On May 1, 2025, Chinese state media-affiliated account Yuyuan Tantian reported that the U.S. government had initiated discussions with Beijing regarding the severe tariffs imposed during the Trump administration, some of which remain as high as 145%. The outreach, though informal and lacking official confirmation, carries profound implications for the future of U.S.–China relations and the world economy.
The Mounting Trade War: Legal, Economic, and Societal Implications of U.S.-China Tensions
The deepening trade conflict between the United States and China has evolved from a series of tit-for-tat tariffs into a broader economic standoff, with profound implications for global supply chains, labor markets, and international governance structures. A recent report by the American Chamber of Commerce in China (AmCham) warns that if tensions persist, a substantial number of Chinese exporters could experience significant employment losses, threatening not only China’s domestic stability but also broader global economic security (Reuters, 2025).
Unleashing the Most Disruptive Trade Shift: How U.S. Tariffs Triggered the Worst IMF Forecast Revision in Years
In April 2025, the International Monetary Fund (IMF) significantly downgraded its forecast for U.S. economic growth, projecting a slowdown to 1.8% for the year, a notable decrease from the previous estimate of 2.7%. This revision is largely attributed to escalating trade tensions following the implementation of tariffs by the U.S. administration. The IMF also raised its U.S. inflation forecast to approximately 3%, about a one-percentage-point increase from earlier projections. (Investopedia)