Since January 2025, President Trump has significantly raised tariffs on major US trading partners including Canada, Mexico, China, the EU and Japan, with rates shifting as trade deals are negotiated.
Tag: Brookings
Posted inThink Tank News
Brookings: Can America and South Korea strengthen economic ties?
Despite a strategically strong alliance, US-South Korea relations face recurring economic frictions over tariffs, digital trade, and market access that risk complicating broader cooperation on technology and investment.
Posted inThink Tank News
Brookings: Export restrictions don’t solve scarcity, they redistribute it
Export restrictions imposed during supply disruptions do not resolve scarcity but shift it onto import-dependent countries, amplifying global price increases and eroding confidence in international markets as a source of resilience.
Posted inThink Tank News
Brookings: Lessons from the first USMCA review mechanism
Although the first USMCA review successfully followed the procedures established by the agreement and by Congress, it left important opportunities for modernisation, increased certainty, and renewed political legitimacy only partially realised by becoming entangled in a broader set of negotiations beyond the agreement itself.