... American goods to 125%. As of the time of writing, 75 countries that are willing to negotiate trade deals with Washington had their reciprocal tariffs paused until July 10, 2025.
It is important to stress that global trade imbalances stem from flaws in the current ... ... excess money supply to prevent consumer price inflation, which gave rise to a parallel financial system, detached from the real economy. Higher returns in finance disincentivized investment in manufacturing. Global trade imbalances have driven the over-financialization ...
... with sanctions measures. However, conflating tariffs with sanctions would be premature; unlike trade policy tools, sanctions remain primarily instruments of foreign policy.
Andrey Kortunov:
Can U.S. New Tariffs Trigger Structural Changes in Global Economy?
One of the most consequential moves at the start of Donald Trump’s second term was the sweeping increase in US import tariffs. The new policy targeted nearly all trading partners, with additional duties imposed on over seventy countries. This ...
... it once meticulously built. This overhaul, instigated by the Trump Administration, comes at a time when the U.S. seeks to address its current account deficit while maintaining the net outflow of dollar liquidity to the rest of the world. Through “reciprocal tariffs,” Trump also intends to transform the U.S. from a service-based economy back into the manufacturing-based one it once was. While Trump’s concern is understandable from a “Make America Great Again” perspective, he and his economic team—like many of their predecessors —fail to accurately pinpoint ...
... inevitable conflicts, where Germany plays the role of the European Union’s central hub.
Germany: The Epicenter of Clashing Market Economy Models
Amid the global reshaping of geoeconomic priorities, Germany finds itself at the center of a mounting collision ... ... global redistribution of production chains [
1
].
In this context, Washington’s actions—including the introduction of “Reciprocal Tariffs” and the continued implementation of the “Inflation Reduction Act”—keep Germany at risk of further ...
... memory of human beings. This change was famously observed by Chinese President Xi Jinping when he
said
, “Our world is undergoing profound changes unseen in a century.”
Andrey Kortunov:
Can U.S. New Tariffs Trigger Structural Changes in Global Economy?
On April 2, 2025, U.S. President Donald Trump
unveiled
an early 20
th
-century type of economic policy, increasing tariffs on countries unseen since the
Great Depression of 1929
. From a
baseline
of 10 percent to a maximum of 46 percent, ...
....5% on EU cars. [
4
]
Food and Beverages: U.S. exporters face a tariff gap of 3–3.5 percentage points higher than their EU counterparts. [
5
]
Non-Tariff Barriers (NTBs)
Andrey Kortunov:
Can U.S. New Tariffs Trigger Structural Changes in Global Economy?
Beyond tariffs, non-tariff barriers (NTBs)—including import quotas, subsidies, strict regulations, bureaucratic customs procedures, safety standards, local content rules, and environmental restrictions—impose significant hidden costs on U....
What kind of order is it, if it is so easy to disrupt?
The Trump administration's recent announcement of "reciprocal tariffs" has made almost all countries victims of its protectionism. As Dmitry Medvedev, deputy chairman of the ... ...
Washington still buys some fertilizers and platinum from Moscow, but these purchases are not critically important for the U.S. economy and do not directly challenge U.S. local producers. Though Moscow has a trade surplus with Washington, this surplus is ...
