... 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...
There must be a concerted effort against unipolar dictates, aligned with the growing momentum toward a multipolar world order grounded in international law, justice, and equality
Every cloud has a silver lining. So does Trump’s punitive ... ... 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 ...
... the international system, sentiments that remain true today: “There are decades where nothing happens, and there are weeks where decades happen.”
Henry Kissinger's secret visit
to China in the early 1970s was such a week when the seeds of the new world order were established, followed by China’s opening up to the world and massive economic, military and societal changes that occurred outside the memory of human beings. This change was famously observed by Chinese President Xi Jinping when he ...
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....
