# trade policy
Latest news and articles about trade policy
Total: 5 articles found
Trump Poised to Pare Back Steel and Aluminum Tariffs to Ease Consumer Pain and Court Voters
The administration is preparing to exempt selected steel and aluminum products from high tariffs introduced last summer, aiming to cool consumer prices and regain voter support. The shift narrows broad, politically contentious levies in favour of targeted national‑security probes, easing pressure on exporters in Europe and North America but preserving future legal and lobbying battles.
Fed and CBO Find U.S. Households Shoulder Almost All of Trump’s Tariff Bill
New York Fed and CBO analyses show roughly 90% of the cost of President Trump’s tariff surge has been borne by American households and businesses. The reports highlight sharp price increases, elevated economic uncertainty and rising political strain in Washington, where legal and congressional challenges to the tariff program are mounting.
Trump Raises Tariffs on South Korean Imports as U.S. Markets Digest Tech Wins and Intel Weakness
President Trump announced an increase in U.S. tariffs on South Korean autos, timber and pharmaceuticals from 15% to 25%, blaming Seoul for not ratifying a bilateral trade deal. U.S. markets closed higher as investors focused on upcoming tech earnings and Microsoft’s launch of a new AI chip, while Intel slumped on weak guidance.
Trump Slaps 25% Tariffs on South Korea as Markets Rally and Microsoft Unveils New AI Chip
President Trump announced a unilateral increase in tariffs on South Korean cars, lumber and pharmaceuticals from 15% to 25%, citing Seoul’s failure to ratify a bilateral trade deal, while U.S. markets rose as investors focused on tech earnings and Microsoft’s unveiling of its Maia 200 AI chip. The tariff move risks straining a strategic alliance and creating supply‑chain uncertainty even as competition among cloud providers intensifies over in‑house AI hardware.
Global Risk-Off Sends Stocks Tumbling as Nvidia Loses Nearly $200bn; China Readies a Domestic-Demand Push
Global markets turned risk-off on renewed US tariff rhetoric, sending US indices sharply lower and erasing roughly $196 billion from Nvidia’s market value. Beijing signalled a policy pivot toward expanding domestic demand — including a 2026–2030 strategy and extended tax breaks for services — as geopolitical and market volatility complicate external growth prospects.