The ruling strikes down most of the Trump administration’s current tariffs, with more limited options to replace them.
Articles on Reciprocal tariffs
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The latest round of tariffs will reduce GDP in most countries. As the effects flow through, the global economy may be in for a rocky ride.
Governments are scrambling to cut deals before new US tariffs kick in on August 7. But with Trump using the process for political leverage, NZ must tread carefully.
To calculate its ‘reciprocal tariffs’, the Trump administration has opted for a crude formula with no basis in trade theory. We are all going to pay the price.
Modelling of how Trump’s tariffs will hit global trade suggests the US will be the biggest loser – while a few nations may emerge as surprising winners.
Donald Trump praises the 19th-century “reciprocal” tariff policy of former president William McKinley. But that strategy damaged the US economy – and the Republican Party.
Top contributors
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Professor of Economics, Auckland University of Technology
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Professor Emeritus of Economics, Babson College
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Senior Lecturer in History, University of Waikato
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Lecturer in International Trade, Adelaide University
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Professor, and Executive Director: Institute for International Trade, and Director of the Jean Monnet Centre of Trade and Environment, Adelaide University
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Emeritus Professor of Law, University of Auckland, Waipapa Taumata Rau