World Business Report
EU pauses retaliation tariffs against US
Apr 10, 2025
Chang Tai She, a Professor of Economics at the University of Chicago, delves into the EU's decision to halt retaliation tariffs against the US amid escalating trade tensions with China. He discusses the potential fallout of President Trump's tariffs, which have surged by 125%. The conversation highlights how businesses, especially in smaller Asian economies, are grappling with the uncertainty of shifting trade routes. Additionally, the role of the World Trade Organization in stabilizing these dynamics is explored, revealing insights into the broader implications for global trade.
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Quick takeaways
- The EU has paused retaliation tariffs against the U.S. to open pathways for negotiation amidst escalating global trade tensions.
- Smaller economies are advised to pursue liberalized trade options and cooperative strategies to mitigate risks from ongoing trade conflicts.
Deep dives
Impact of US-China Trade Tensions on Global Markets
The ongoing trade tensions between the U.S. and China are creating significant uncertainty in global markets. Recently, the U.S. imposed steep tariffs on Chinese goods, with the World Trade Organization warning that trade could plunge substantially as a result. While U.S. stocks initially experienced a surge, this optimism is tempered by the realization that tariffs still remain in place, keeping the two largest economies locked in an ongoing trade war. As smaller economies look on, they are left to navigate the potential collateral damage or opportunities that may arise from this strained relationship.
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