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Trade News
Trade News
28
Jul
We have reached a deal on tariffs and trade with the US.
Today's deal creates certainty in uncertain times. It delivers stability and predictability, for citizens and businesses on both sides of the Atlantic. This is a deal between the two largest economies in the world. We trade USD 1.7 trillion per year. Together we are a market of 800 million people. And we are nearly 44% of global GDP. Just a few weeks after the NATO summit, this is...
25
Jul
By Rachel Szymanski, Chief Economist, Trepp
Commercial real estate (CRE) decisions are highly dependent on the macroeconomic environment, one that has become increasingly volatile and difficult to navigate. The biggest challenge is predicting whether large macro developments will unfold gradually or trigger sharp cascades.
In highly uncertain times, it becomes even more important to focus not just on tracking outcomes but on understanding the larger forces that shape how the economy will adjust to new developments. Beyond headline indicators, it is the...
21
Jul
What happened?
Over the past week, President Trump has continued to pursue tariff enforcement measures as part of the administration’s broader trade policy agenda. President Trump has escalated the administration’s tariff strategy with new and proposed duties on goods from the European Union (EU), Mexico, Canada, and Russia, while simultaneously pursuing trade negotiations that led to preliminary agreements with Vietnam and Indonesia, and a potential agreement with India nearing completion. These steps are aimed at reducing bilateral tariffs and expanding...
15
Jul
By Ian Hunter, Director, OCO GLOBAL
On Saturday, President Trump confirmed a 30 % tariff on most imports from the EU and Mexico, set to begin August 1. While the final product list is still pending, the administration has signaled – most recently on July 8 – that additional, sector-specific tariffs on semiconductors are being considered. Reuters reporting indicates these could exceed 25%, targeting critical inputs like chipmaking tools (Reuters, July 9). While not yet finalized, the prospect alone is creating uncertainty...
15
Jul
By September 30, State Agencies Will Compile Data on Effects of Federal Tariffs on New York Consumers, Small Businesses, Farmers, Construction, Tourism and Other Sectors
State Officials Will Use Data Across Each Sector To Produce A Statewide Tariff Economic Impact Report by October 31
Read the New Memo to State Agencies
To Keep New Yorkers Up-To-Date on Programs Available for Tariffs Impact, Governor Launched Tariff Resource Guide
Traducción al español
Governor Kathy Hochul today announced actions to assess cost increases and supply chain disruptions caused...
14
Jul
President Trump has sent letters to over two dozen countries (so far) warning them of new, higher tariffs that are set to take effect August 1. That is, unless, they secure new trade deals with the US. Many of the new rates are close to what Trump had imposed as part of his “liberation day” tariff rollout in April, which set a 10% baseline for nearly all countries and slapped much higher duties on dozens of individual nations. According to the letters,...
11
Jul
The recession will start on the docks of Los Angeles.
It will be a product of a rational response of producers, wholesalers and retailers to the uncertainty created by policymakers. The cost of those policy decisions is a misapplied consumption tax on households and businesses, which will soon cause a premature and unnecessary end to the expansion. Rising inflation, declining real incomes and increasing unemployment will follow.
The price of those policies will first be paid at the ports and then...
01
Jul
Extreme Uncertainty Reigns Due to Geopolitics and Tariffs while Market Demand Fluctuates.
Global Ports
The Headlines: The tariff roller coaster has been manageable for ports, at least on the US West Coast, with impact being nowhere near the pandemic peaks (so far). Notable is that a White House spokesperson recently indicated the end date for the 90-day tariff pause is ”flexible”. However, European and Latin American ports have had a more difficult time with congestion thanks to several other ongoing problems, including service realignments,...
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