Trade Policy

Core Summary The US government has announced a major trade policy adjustment, proposing broad tariffs of at least 10% on products from global supply chains linked to forced labor concerns. This move is seen as another significant step in US trade protectionism and could have far-reaching implications for the global trade landscape. Details According to Bloomberg, the US government has proposed a new broad tariff scheme citing forced labor, with rates of at least 10%. This policy will cover multiple industries and supply chains across multiple countries, marking a shift from targeted sanctions against specific nations to broader systemic measures. ...

US President Trump announced he will raise tariffs on EU imported cars from the current 15% to 25%, escalating transatlantic trade tensions.

The Associated Press reports that Trump has announced a 25% tariff on cars and trucks imported from the EU, accusing the bloc of failing to comply with trade agreements, potentially triggering new turmoil in global auto markets.

China has implemented a unilateral zero-tariff policy for 53 African nations, excluding Eswatini, which maintains ties with Taiwan. It is the first major economy to offer such treatment to the entire continent.