The dynamics of trade are changing.
Perhaps this is nothing new, trade has always evolved and changed, but I think we would be hard pressed to find an instance in modern peacetime when trade has been asked to adapt so quickly. TPP, Brexit, NAFTA, and steel tariffs, which would have been the biggest stories just months ago, are now muffled background noise to the rhetoric of a Trade War between two of the world’s most important economies.
Topics: United States, China
While we wait for the US Administration to work out details on any potential trade deal with the EU, Turkey has moved to the forefront.
Section 232 steel duties on goods produced in Turkey will be doubled to 50% effective August 13th with an increase for aluminum duties to 20% still pending. Automobile and automobile parts duty increases are still being contemplated.
Topics: Free Trade Agreements, United States
