Posts Tagged ‘tariffs’
Emergency Tariffs and the Importance of the Global Trade Order
by Aissatou Toure Tariffs, in their most basic form, are taxes applied to imported goods.[1] Governments often use tariffs to protect domestic industries or respond to unfair trade practices.[2] These measures can influence trade relationships, as seen in the ongoing trade dispute between the U.S., Canada, and Mexico, wherein tariffs and retaliatory tariffs were imposed…
Read MoreEconomic Imperialism: How Proposed Tariffs and Punishment on Colombia Provides a Window into the Future of Businesses Under the Trump Administration
by Bhagat Dhaliwal On January 26, 2025, the United States prepared to impose a twenty-five percent tariff on all Colombian goods, in retaliation for President Petro refusing to accept two military planes carrying deported Colombians from landing.[1] The tariffs would have potentially impacted Colombian goods such as oil, cut flowers, and coffee; and led President…
Read MoreUnraveling the Trade War: How U.S. Steel and Aluminum Tariffs Challenge WTO Agreements
By: Vienna Chan In March 2018, then-President Donald Trump established U.S. import duties of “25% on steel and 10% on aluminum against most countries,” citing foreign steel and aluminum was a threat to U.S. national security.[1] The former Trump Administration declared that cheap metals “flooding into the United States, particularly from China,” would degrade the…
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