US Targets Global Trade Imbalances with New Tariff Measures
Pavitra Shetty
Published on February 3, 2025, 16:31:25
US President Donald Trump has ramped up his aggressive trade policy, signaling potential tariffs on Britain while confirming new levies on the European Union. At the same time, Trump has taken fresh aim at China, announcing additional tariffs on Chinese exports to the United States.
Trump’s administration has already implemented a series of trade measures targeting major economic partners, including Canada, Mexico, and China. Now, Britain faces scrutiny, though Trump hinted that a settlement with Prime Minister Keir Starmer remains a possibility.
In contrast, the European Union is set to face definite tariffs, with the US citing a $300 billion trade deficit. The administration accuses the EU of restricting US exports while benefiting from extensive access to American markets.
On Saturday, Trump announced a new 10% tariff on Chinese exports to the US, adding to the various duties already in place. The move marks another escalation in the ongoing US-China trade war, with billions of dollars in trade at stake. Washington has long criticized Beijing for unfair trade practices, and the latest tariffs reflect the administration’s continued push for tougher economic measures.
With tariffs now extending across multiple regions, global markets face increasing uncertainty. Businesses and economists warn that these trade measures could disrupt supply chains and raise consumer costs. As the US doubles down on trade deficits, negotiations with Britain, the EU, and China remain critical in shaping the future of international trade.
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