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June 5, 2025

Trade
Trump’s New Aluminum and Steel Tariffs Explained in Six Charts

President Trump doubled almost all aluminum and steel import tariffs, seeking to curb China’s growing dominance in global trade. These six charts show the tariffs’ potential economic effects.

A worker polishes steel bicycle rims at a factory that produces and exports bicycle parts, in Hangzhou, China.
Article by Shannon K. O'Neil and Julia Huesa Greenberg Center for Geoeconomic Studies

June 2, 2025

United States
Tariffs on Trial: What’s Next for President Trump’s Trade Policy

CFR experts discuss the recent court rulings on the legality of the Trump administration’s sweeping tariffs, and analyze the implications for U.S. trade policy, the impact on global markets, and the …

Play U.S. President Donald Trump speaks in front of a microphone while holding a chart displaying tariff rates at the White House.
Virtual Event by Edward Alden, Jennifer Hillman, Inu Manak, Michael Froman, and Matthew P. Goodman

May 30, 2025

Trade
Relief and Realism: Global Reactions to U.S. Tariff Rulings

The U.S. federal court ruling that President Trump had overstepped his authority on imposing tariffs marked a clear setback for the administration. But any global cheering has been tempered by the re…

Employees of Gstar Electronic Appliance Co., Ltd work to assemble air fryers in the factory
Expert Brief by Brad W. Setser Greenberg Center for Geoeconomic Studies

June 2, 2025

Europe
Will Europe Stand Up to U.S. Tariff Threats?

How should Europe respond to the threat of 50 percent tariffs?

Post by Brad W. Setser Follow the Money

May 29, 2025

United States
Trump’s Tariffs Aren’t Over, But They Face a Major Challenge

A court ruling on Wednesday could pose a major threat to President Donald Trump’s tariff agenda. CFR Trade Policy Fellow Inu Manak unpacks what could happen next.

A worker carries curtains at a textile company in Shaoxing, China, May 9, 2025.
Expert Brief by Inu Manak Greenberg Center for Geoeconomic Studies

May 29, 2025

Daily News Brief
Federal Court Blocks Most Trump Tariffs

Welcome to the Daily News Brief, CFR’s flagship morning newsletter summarizing the top global news and analysis of the day.  Subscribe to the Daily News Brief to receive it every weekday morning. …

U.S. President Donald Trump delivers remarks on tariffs in the Rose Garden at the White House in Washington, D.C., U.S., April 2, 2025.
Article by CFR.org Editors

May 23, 2025

RealEcon
The Tariff Costs Are Worse Than You Think

Despite recent trade deals with China and the UK, U.S. companies and consumers will face significant tariffs, compliance costs, and uncertainty without a more significant pivot from the Trump adminis…

U.S. President Donald Trump holds a chart next to U.S. Secretary of Commerce Howard Lutnick as Trump delivers remarks on tariffs in the Rose Garden at the White House in Washington, D.C., U.S., April 2, 2025.
Article by Jake Colvin RealEcon

May 13, 2025

United States
Anatomy of a Film Tariff: Trump’s Proposed Movie Tariffs Cast a Shadow on Cannes

Cinema was the latest item to fall into Trump’s tariff crosshairs. The White House has since walked the proposal back, but the industry remains on edge about its return and the possible economic cons…

In Brief by Mariel Ferragamo

May 12, 2025

Daily News Brief
U.S., China Slash Tariffs

Welcome to the Daily News Brief, CFR’s flagship morning newsletter summarizing the top global news and analysis of the day.  Subscribe to the Daily News Brief to receive it every weekday morning. …

Members of the Chinese delegation leave a residence where trade talks between Chinese and U.S. delegations take place in Geneva.
Article by CFR.org Editors

April 1, 2025

Trade
What Are Tariffs?

President Donald Trump has begun his second term imposing tariffs against some of the United States’ leading trading partners to correct what he says are decades of imbalances harmful to the U.S. eco…

A red-helmeted worker lays steel at a factory.
Backgrounder by Anshu Siripurapu and Noah Berman