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Tag: unilateral trade policy
OECD Warns Trump’s Tariffs Threaten U.S. Economic Growth and Global Trade Stability
OECD Warns Trump: In May 2025, the Organisation for Economic Co-operation and Development (OECD) released a report cautioning that the United States’ escalating tariff measures under the Trump administration are likely to hinder domestic growth and destabilize global trade (OECD, 2025). At issue is the administration’s invocation of Section 301 of the Trade Act of 1974 (19 U.S.C. § 2411), which permits unilateral tariffs on imports deemed unfair. Since 2018, successive rounds of duties have targeted steel, aluminum, and a broad array of Chinese goods, prompting retaliatory levies from key trading partners (Smith & Lee, 2024). This tension raises fundamental questions about the scope of executive trade authority vis-à -vis multilateral obligations under the World Trade Organization (WTO) and the Trade Act itself.