Several fundamental conditions are widely presumed necessary for a country to enjoy the benefits of global trade. One condition is that import activity ought not exceed export activity.1 Put more simply, we must sell more...more
So, here we are post Liberation Day and investors have been liberated from over $6 trillion dollars U.S. just in the last week. These “reciprocal” tariffs were supposedly aimed at balancing trade with other countries, some of...more
On April 2, 2025, President Trump signed an Executive Order (EO) imposing reciprocal tariffs on most nations. The new tariffs, which include a baseline rate of 10 percent as well as higher rates for dozens of trading...more
The U.S. Trade Representative (USTR) is seeking comments on the Trump Administration's "Fair and Reciprocal Plan" to assist it in identifying any unfair trade or non-reciprocal foreign trade practices. The deadline for...more
President Trump announced his Fair and Reciprocal Plan (the Plan) pursuant to his America First Trade Policy. While the Memorandum does not immediately create any new tariffs, it outlines the Trump administration's plan to...more
On January 20, 2025, within a few hours of his return to the White House, U.S. President Donald Trump signed an “America First Trade Policy” memorandum, revealing the initial priorities of his trade agenda. Week one in the...more
U.S. to Give Eight Nations Oil Waivers Under Iran Sanctions, Official Says - "The U.S. has agreed to let eight countries - including Japan, India and South Korea - keep buying Iranian oil after it reimposes sanctions on the...more