Background and Policy Context On May 30, 2025, U.S. President Donald Trump announced a 50% increase in steel and aluminum tariffs, doubling the original 25% rate introduced during his first term in 2018. The new tariff hike is scheduled to take effect on June 4, 2025 and represents a significant escalation in Trump’s longstanding efforts…
Companies across various industries have been adapting to the shifting tariff landscape in 2025, implementing strategic measures to mitigate financial impacts and maintain supply chain stability. Key Tariff Changes and Business Responses Industry-Specific Adaptations Retail & Consumer Goods Technology & Gaming Manufacturing & Logistics Startups & Investment Food & Beverage Aviation & Travel Automotive Industry…
A three-judge panel from the U.S. Court of International Trade ruled that several of President Trump’s tariffs exceeded his authority under the International Emergency Economic Powers Act (IEEPA). The court found that the tariffs lacked identifiable limits and did not align with the threats outlined in Trump’s executive orders. As a result, the ruling blocks…
U.S.-EU Trade Negotiations Gain Momentum The European Union (EU) has agreed to fast-track trade talks with the United States following President Donald Trump’s decision to delay a planned 50% tariff on EU imports until July 9, 2025. The EU’s trade chief, Maroš Šefčovič, is leading negotiations, focusing on semiconductors, automobiles, pharmaceuticals, and aluminum to avoid…
King Charles III’s Historic Opening of Canada’s 45th Parliament King Charles III is set to officially open Canada’s 45th Parliament, marking a rare and historic moment. It will be only the third time in Canadian history that a reigning monarch delivers the Speech from the Throne, with Queen Elizabeth II doing so in 1957 and…
U.S.-India Trade Agreement The U.S. and India have finalized a landmark trade deal, which India’s finance ministry believes will energize exports and open up new market access. The agreement is expected to flip current economic headwinds into tailwinds, potentially accelerating India’s growth toward the upper end of forecasts (6.3% to 6.8%). Key Provisions of the…
Tariffs are a fundamental aspect of international trade, shaping economic policies, influencing market dynamics, and impacting industries worldwide. Between May 21st and May 26th, 2025, several countries have introduced new tariff regulations, adjusted existing duties, and responded to evolving geopolitical and economic conditions. This article provides a comprehensive overview of the latest tariff changes across…
Donald Trump’s decision to delay the enforcement of a 50% tariff on European Union imports from June 1 to July 9 has sparked considerable debate about the future of U.S.-EU trade relations. This unexpected postponement followed a conversation between Trump and European Commission President Ursula von der Leyen, where von der Leyen requested an extension…
The European Union is preparing a strong response to President Donald Trump’s 50% tariff on all imports from the EU, set to take effect on June 1, 2025. EU officials have expressed deep disappointment, calling the move “damaging to all sides” and warning of potential retaliatory measures. EU’s Possible Responses What Happens Next? The EU…
Here is a quick summary of the Ibuprofen market world wide for the 2025 first quarter, as you can see the segment has already been effected by tariffs and cost increases. With the latest news regarding EU 50% tariff’s here is where to look next for a safe haven. North America In Q1 2025, the…