The U.S. reported major trade deficits in February 2025 with China, the EU, and Mexico—just as President Trump’s latest round of ‘reciprocal’ tariffs took effect. Here’s a breakdown of who’s facing the steepest penalties, and why some key allies like Canada and Mexico are exempt.
All posts by Deena Zaidi
Chart: Who’s Hit by Trump’s ‘Discounted Reciprocal’ Tariffs?
On Wednesday, April 2, or as President Trump calls it “Liberation Day”, America announced reciprocal tariffs by increasing US duties to match the tax rates charged by other countries on American imports. Here’s a list of countries facing reciprocal tariffs.
The world braces for Trump’s reciprocal tariffs on April 2 – “What they charge us, we charge them”
Posted on Author Deena ZaidiPosted in China, Japan, United States of America, World Economy, World economy, World trade
On April 2, dubbed “Liberation Day” by President Trump, the U.S. will impose new “reciprocal” tariffs on imports, escalating trade tensions with key partners.
While countries like China, Mexico, and Canada are already expected to be hit hardest, many European and Asian economies will likely see a huge impact, prompting global warnings of retaliation, trade wars and a global economic slowdown.
The Fed keeps interest rates unchanged as inflation “remains somewhat elevated”
Posted on Author Deena ZaidiPosted in Banking News, Inflation, United States of America, World Economy
The Federal Reserve keeps its interest rate unchanged, maintaining its target range at 4.25% to 4.5%. When the Fed sets a target for interest rate, it commits itself to adjusting the money supply. To lower the Fed Funds rate, the Fed’s bond trades buy government bonds, increasing the money supply which in turn lowers the…