... earlier. After China levied retaliatory duties, the U.S.
raised
its rate to 145%. In response, Beijing hiked tariffs on 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 international monetary system based on the U.S. currency. The U.S. must run an ongoing trade deficit to supply the world ...
Today we are only witnessing the beginning of large-scale changes in US tariff policy
US trade policy has become increasingly securitized, intertwining economic objectives with national security priorities—from revitalizing domestic industry to combating drug trafficking. This approach is being pursued with a sense of urgency, often overlapping with sanctions measures. However, conflating tariffs with sanctions would be premature; unlike trade policy tools, sanctions remain primarily instruments...
... 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 ...
... Kudlow and other representatives of the “MAGA-intellectual elite,” who actively promoted “regaining of control” over trade flows and U.S. reindustrialization rooted in economic nationalism.
By the end of March, the White House prepared a “Reciprocal Tariffs” strategy—a tariff regime aimed at “restoring the balance in international trade” and protecting domestic producers. In parallel, Trump supported the “Make America Wealthy Again” (MAWA) initiative—an economic version of ...
The U.S. adoption of an early 20th-century approach to international economics and geoeconomics—characterized by the implementation of protectionist measures rather than free trade—stands as the most prominent symbolic sign of the nation’s retreat from global economic leadership
There is a quote, often attributed to Lenin [
1
], describing geopolitical tensions of the international system, sentiments that remain true today: “There are decades where nothing happens, and there are weeks where decades...
Trump’s tariff hammer and the Mar-a-Lago Accord form a strategic triad—protectionism, fiscal relief, and geopolitical leverage—to reboot U.S. hegemony
Introduction
On April 2, 2025, President Donald Trump announced a bold escalation in U.S. trade policy, imposing a baseline 10% tariff on all imports and a specific 20% tariff on goods from the European Union (EU), up from the previous average tariff rate of 3.5%. [
1
] Framed as a countermeasure to persistent trade imbalances, this protectionist...
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 Russian Security Council, said, the sweeping new tariffs plunged the global trade system into a highly challenging situation....
