Tag: trade war

U.S. Expands Trade Deals While Slapping New Tariffs on Some Countries

A head-spinning sequence of trade announcements this past week has left manufacturers and chemical suppliers scrambling to keep up.  The U.S. has struck sweeping new trade agreements with the European Union, Indonesia, South Korea and Japan—while simultaneously announcing a 25 % tariff on Indian imports.  The flurry of moves in just two weeks has redefined market... Read more »

Trump’s Tariff Escalation on the EU and Mexico: Global Markets on Edge

President Donald Trump made headlines on July 12, 2025, by announcing sweeping 30% tariffs on imports from the European Union and Mexico, set to take effect on August 1. Positioned as a measure to protect national security and rebalance trade relationships, the announcement has already sparked diplomatic backlash and market volatility. The tariffs cover a... Read more »

Just the Beginning

It seems that a trade war that has lasted for nearly two years may be finally coming to an end. It has been one week since the Phase One trade deal was signed at the White House by President Donald Trump and Chinese Vice Premier Liu He. The agreement was meant to reduce tensions after... Read more »

Section 301 Tariff Update

Last September the Trump Administration enacted a 10% tariff on more than $200 billion worth of Chinese goods. Over the past weekend, President Trump announced via Twitter that the tariffs will be increased from 10% to 25% effective May 10, 2019. The increase had initially been slated to go into effect on January 1st, 2019... Read more »

U.S. Puts End to Duty-Free Imports from India and Turkey

On March 4th, the U.S. Trade office under the direction of President Trump, announced that it will be terminating the GSP (Generalized System of Preference) duty-free eligibility for India and Turkey.   The GSP program is intended to help developing nations grow their economy through trade. The announcement cited the reason for termination as being that... Read more »