The causal pathways by which tariffs could cause a recession seem dormant. Trade policy turmoil is the new normal, and may not create as much economic damage as feared.

The most severe blow landed on Brazil, which now faces a 50% tariff on its goods. In a letter posted on his Truth Social ...

Trump announces 30% tariffs on EU and Mexico, sparking market declines and global trade realignment as allies seek alternative partnerships.

World leaders vowed to deploy "every tool" in their trade arsenal to tackle Donald Trump's tariffs, while others scrambled to cut a deal with the US, amid ongoing turmoil in global markets. The US ...

Incorporating the tariffs announced on April 2 and based on recent trade flows, the effective tariff rate on US imports would have jumped from 3% in 2024 to an estimated 23% should the pause not ...

The WTO has deemed the impact of Trump's tariff overhaul and ongoing uncertainty a "crisis" and warned that if the situation deteriorates, trade flows could be reduced, leading to a 0.2 percent ...

The World Trade Organization (WTO) warned on Wednesday that the outlook for global trade has “deteriorated sharply” in the wake of U.S. President Donald Trump’s tariffs regime.

Referring to the trade tariff policy of the Trump administration, Gourinchas said the U.S. effective tariff rate surged past levels reached during the Great Depression while counter-responses from ...

The impact from U.S. President Trump's blast of tariff hikes is reverberating across world markets as America's trading partners puzzle over whether there is room for negotiating better deals.

U.S.-Brazil Trade War: Right-wing Brazilians wanted sanctions against the judge prosecuting Jair Bolsonaro, the country’s former president. President Trump opted for tariffs .

Policy experts suggest that tariff-level shifts could influence domestic production and global trade relations over time. The post US Tariff History and Global Economic Impact appeared first on Due .

The Geneva-based WTO expects the volume of world merchandise trade to decline by 0.2% in 2025 — almost three percentage points lower than it would have been without the US-led trade war, marking ...