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Structural persistence of US protectionist trade policy beyond current administration
New York Times·US·1 day ago
The U.S. has implemented a 12.5% tariff on specific Colombian goods, excluding major commodities such as coffee, oil, and coal. The scope of the affected product list remains unclear, raising questions about the impact on non-commodity manufacturing sectors.
Entities
The United States has implemented new tariffs on approximately 60 countries, marking a significant shift toward protectionist trade policy. The move has sparked retaliatory measures from countries such as Brazil, which has activated its Reciprocity Law. Confidence is high that trade tensions will continue to escalate, but the specific scope and impact of the tariffs remain uncertain.