Trump reciprocal tariffs: a paradigm shift, a pause, and consequences for US trading partners
By EsqSocial Corporation 10/04/25
On April 2, 2025, the Trump Administration announced new, comprehensive tariff rates representing the most significant change in US trade policy in a generation—a paradigm shift from an era of low tariffs to an approach based on the use of higher tariff rates to encourage US manufacturing. The new tariffs were a response to a declared national emergency regarding what was described as persistent trade imbalances and “a lack of reciprocity in [ US] bilateral trade relationships… evidenced by...
By: Eversheds Sutherland (US) LLP