Lisa McAuley

Trump’s promise of a US manufacturing renaissance leaves experts scratching their heads Economists doubt US duties will bring about a resurgence of US factory jobs, notably due to Trump’s erratic tariff rollout

There's little expectation among specialists that these US tariffs will "bring back manufacturing" and there's a limit to what any government would be able to achieve. www.theguardian.com/us-news/2025...

DG Okonjo-Iweala, DDG Ellard meet US Congressional delegation Director-General Ngozi Okonjo-Iweala and Deputy Director-General Angela Ellard welcomed a visiting bipartisan delegation of 28 members from the US House of Representatives on 6 August, one of the larg...

DG Okonjo-Iweala, DDG Ellard meet US Congressional delegation www.wto.org/english/news... @wto.org

Start a trade war with China. Escalate when they retaliate. Repeat until a near-embargo. Meet to agree on a 90 day pause. Get nervous about that agreement, so re-meet to re-agree to that 90 day pause. As the 90 day pause draws to a close, meet to agree to a 90 day pause.

New tariff on 'transshipped' goods mystifies importers Businesses are seeking clarity as they navigate these ambiguous rules, exploring strategies to mitigate costs and manage supply chain liabilities amid uncertainty.

It's a bit of a mess.

While there is no clarity as to how the 40% transshipment tariff is going to be used, it doesn't mean that CBP won't start applying it to some shipments to "encourage" compliance.

economictimes.indiatimes.com/small-biz/tr...

How Donald Trump remade global trade The US president has smashed the system, but the speed and scale of the smashing owes to a system that had been growing increasingly brittle for years.

I suppose Trump is changing the way the US trades globally. To the rest of the world he is only changing how we sell goods to the US, which is a long way short of remaking world trade. www.atlanticcouncil.org/blogs/new-at...

U.S. wine exports to Canada have plummeted.
Proof that when we push back — it works.

Still their ambassador think that going in CBC and gaslighting Canadians with a bunch of lies will make us stop the boycott. Keep it up Canada 🇨🇦

Well done, Canada. 🇨🇦👏

“RECIPROCAL TARIFFS TAKE EFFECT AT MIDNIGHT TONIGHT! BILLIONS OF DOLLARS, LARGELY FROM COUNTRIES THAT HAVE TAKEN ADVANTAGE OF THE UNITED STATES FOR MANY YEARS, LAUGHING ALL THE WAY, WILL START FLOWING INTO THE USA. THE ONLY THING THAT CAN STOP AMERICA’S GREATNESS WOULD BE A RADICAL LEFT COURT THAT WANTS TO SEE OUR COUNTRY FAIL!”

Okay 10000 tariff grandpa time for bed

Donald Trump’s new tariff regime set to deepen global trade war US president’s August 7 levies hit many countries that had struck deals with Washington

FT: "“We are now in a new world. Even to trade nerds, the complexity of this is just bonkers,” said Chad Bown, senior fellow at PIIE."

And the biggest bonk, in my opinion, is to treat trade-deficit countries in the same way as countries that run structural surpluses.
www.ft.com/content/9f64...

"New Trump tariffs: early modelling shows most economies lose – the US more than many" theconversation.com/new-trump-ta...

Tariffs on Fertilizer Cause Drop in Shipments to US, Mosaic Says Mosaic Co., the world’s leading producer of two key crop fertilizers, said US tariffs are weighing on shipments.

Mosaic, the world’s leading producer of two key crop fertilizers, said US tariffs are weighing on shipments

I can't fucking believe it, these idiots exempted 700 goods from the 50% tariffs on Brazil—orange juice, nuts, iron ore, gas, etc etc—BUT THEY SPECIFICALLY LEFT THE 50% TARIFFS ON COFFEE, OUR 2ND LARGEST IMPORT FROM BRAZIL. They're genuinely trying to kill me for drinking coffee.

Trump issues blitz of tariff announcements on copper, Brazil, South Korea, small-value imports U.S. President Donald Trump on Wednesday issued a blitz of tariff announcements ranging from changes to previously threatened levies on imports of copper, goods from Brazil and South Korea, to ending an exemption from tariffs for small-value shipments from overseas.

Trump issues blitz of tariff announcements on copper, Brazil, South Korea, small-value imports reut.rs/40GGXjE

a map of affected vs exempted Brazilian exports

Trump's 50% tariffs on Brazil are horrible policy. What makes them truly ridiculous is the arbitrary way in which ~half of Brazilian goods are exempted

Why tariffs on sugar but none on juice? Why on woodpulp but not wood? Fully 10% of all affected imports are just coffee!!!

Fact Sheet: President Donald J. Trump is Protecting the United States’ National Security and Economy by Suspending the De Minimis Exemption for Commercial Shipments Globally TAKING DECISIVE ACTION GLOBALLY TO PROTECT AMERICANS: Today, President Donald J. Trump signed an Executive Order suspending duty-free de minimis treatment

US scrapping of de minimis is very bad news for small businesses around the world, and for consumers to see the benefits of global trade. But part of a global trend. www.whitehouse.gov/fact-sheets/...

End of de minimis, tariff on copper and Brazil. All that just today

Worth watching.

The Commissioner said that yesterday's deal is the beginning of a process and that the EU wants to end up with a deal with the US that's compatible with WTO rues.

That's probably unlikely to happen in the next 5 years. Would say 7-10 years minimum.

I'm old enough to remember when trade deals had text.

(and even when they were meant to liberalise substantially all trade)

Facilitator cites “strong engagement” in initial WTO reform consultations The facilitator for the discussions on WTO reform reported for the first time on 22 July on his recent consultations with members aimed at shaping a “comprehensive and credible” reform process. Ambass...

Facilitator cites “strong engagement” in initial #WTO reform consultations www.wto.org/english/news...

Members highlight progress in sustainability discussions, discuss MC14 objectives Structured Discussions (TESSD) met on 18 July to review progress across four key sustainability themes: trade-related climate measures, trade in environmental goods and services, circular economy, and...

Members highlight progress in sustainability discussions, discuss MC14 objectives www.wto.org/english/news... @wto.org

Arbitrators issue award in EU-China intellectual property dispute On 21 July, the WTO circulated the arbitration award in the proceedings initiated by the European Union under Article 25 of the Dispute Settlement Understanding to review the findings of a WTO dispute...

Arbitrators issue award in EU-China intellectual property dispute www.wto.org/english/news... @wto.org

After Trump’s deal with the EU, tariffs drop to 15%.

But many countries are still hit hard by U.S. new trade policy.

a graph of US pharma imports by country, which are $175B/yr from the EU

Underreported trade news of the day is that Trump announced that the 15% tariffs on the EU would include pharmaceuticals that have thus far been exempt from tariffs

If tariffs on pharma go up 15% this week it'd be a *massive* escalation of the trade war—the US imports $175B/yr of them from the EU

I'm travelling but this looks a good summary. To add, not obviously a better or worse deal than the UK, just different.

The most common question I get on here is: If tariffs are so bad, why do other countries use them?

The answer: They basically don't.

Most of our trading partners have almost no tariffs, and the few they have are in politically powerful sectors.

Interview: Seek “Triple A” supply chains to respond to trade shocks - Borderlex The OECD’s Marion Jansen on what making global supply chains less prone to disruption really involves at a time when trade barriers are being reintroduced with the hope of bringing production back hom...

Not fashionable these days: but if you want secure supply chains, you need two policies:

🤝 International cooperation
🔸Diverse, agile supply chains, not domestic production as such

ITW with OECD's Marion Jansen

#economicsecurity #supplychains

borderlex.net/2025/07/08/i...

Bex got for it ..Im proud of you.

EU Targets Boeing, US Cars and Bourbon With €72 Billion List The European Union has finalized a second list of countermeasures to target US goods worth €72 billion, or $84 billion, including Boeing Co. aircraft, automobiles and bourbon if it decides to retaliate as transatlantic trade tensions intensify.

The EU has finalized a second list of countermeasures to target US goods worth €72 billion, or $84.2 billion, including Boeing aircraft, automobiles and bourbon if it decides to retaliate.

Trump Moves to Impose 17% Tariff on Most Mexican Tomato Imports The US government withdrew from a longstanding trade agreement with Mexico governing tomato imports and will push forward with a new tariff of just over 17%, the US Commerce Department announced Monday.

The Trump administration withdrew from a longstanding trade agreement with Mexico governing the import of tomatoes and will push forward with a new tariff of just over 17%

"We now have a 50% tariff on Brazil, because it puts in jail its insurrectionists. And so that means for those of us who drink Brazilian coffee: Your next coffee comes with an insurrection infusion fee, as we try to support those who put the coup in coup-pucino."

Macron urges EU to ready anti-coercion instrument for US after 30% tariff threat