Tag: Global
-
Section 232 Tariff Update: What Exporters and Importers Must Know The U.S. Customs and Border Protection’s newly released guidance (CSMS #65340246) under the Trade Expansion Act Section 232 introduces a major shift: importers must now declare the country of origin for any aluminum or steel used in their products no matter how small or incidental.…
-
48 Hours That Shook Global Trade: The Tariff Avalanche of July 31–August 1, 2025 Summary Introduction: A Global Economic Shockwave In the span of just two days, the world watched the economic compass spin wildly as former U.S. President Donald Trump executed a sweeping trade overhaul. On July 31 and August 1, 2025, the United…
-
If countries like India, Canada, Mexico, Brazil, South Korea, and Taiwan don’t finalize trade agreements with the U.S. by August 1, they’ll face steep tariffs ranging from 25% to 50%. These tariffs will apply to a wide range of goods, including: The U.S. will also begin collecting these tariffs immediately, with no further grace period.…
-
Can the U.S. Department of State – European Union Trade Pact Spark a Transatlantic Business Renaissance? The newly signed U.S.–EU trade agreement marks a seismic shift in global commerce. With a 15% flat tariff on most EU exports to the U.S., and zero tariffs on U.S. goods entering the EU, the deal unlocks unprecedented opportunities…
-
The U.S.–EU trade deal locks in a uniform 15% tariff on all EU-origin goods entering the United States and eliminates duties on every American export bound for the 27-nation bloc. In return, the EU commits to purchasing $750 billion in U.S. energy products, investing $600 billion across U.S. infrastructure and technology projects, and streamlining defense…
-
U.S.–China Trade Truce: A Strategic Pause in a Global Economic Chess Match On July 21, 2025, the United States and China two titans of global commerce announced a 90-day trade truce, formalizing terms negotiated in Geneva earlier that year. This agreement, while temporary, represents a critical inflection point in a trade war that has reshaped…
-
Trump’s pharmaceutical tariff plan is shaking up the global drug market and not just inside the U.S. While the policy is framed as a way to bring down domestic prices and boost American manufacturing, its ripple effects could be felt far and wide. Global Impact: Will Drug Prices Drop Outside the U.S.? In theory, if…
-
Country-by-Country Tariff Impact Overview Country Tariff Rate (Aug 1) Key Sectors Affected Response / Status Canada 35% Metals, agriculture, consumer goods Negotiations stalled; retaliatory tariffs likely by July 21. USMCA goods may be exempt. Mexico 30% Autos, steel, potash Talks ongoing; U.S. demands cartel enforcement. Retaliation possible. European Union 30% Autos, pharmaceuticals, dairy Preparing $84B…
-
What Is BRICS? BRICS is a geopolitical and economic alliance originally formed by Brazil, Russia, India, China, and South Africa. The acronym was coined in 2001 by economist Jim O’Neill to describe emerging economies poised to reshape global power. Since then, BRICS has evolved from a loose economic concept into a formal intergovernmental organization. As…
-
Market Reaction and Immediate Price Effects The moment President Trump announced a 50% tariff on imported copper under a Section 232 “national security” probe, U.S. Comex copper futures spiked over 10%, signaling traders’ concerns about looming supply constraints and cost pressures for downstream industries. A two-tier pricing structure has already emerged: Market Current Price (per…