Object

Rights:

The Polish Institute of International Affairs (PISM)

Abstract:

On 2 April, President Donald Trump announced tariffs on all U.S. imports. They have been set at 10% at least, and much higher for products from countries with the largest trade surpluses with the U.S. Goods from the EU will be subject to 20% tariffs. The change in trade policy is profound and will be a shock to the U.S. economy, leading to higher inflation and possibly even an economic crisis and recession. Responses from U.S. partners are almost certain, which will lead to at least a short trade war.

Place of Publishing:

Warsaw

Digitisation Sponsor:

The Polish Institute of International Affairs (PISM)

Publisher:

The Polish Institute of International Affairs (PISM)

Issued:

2025.04.03

Format:

PDF

Extent:

518 KB

Identifier:

oai:digit.pism.pl:4642

Source:

PISM Bulletin no. 41 (2542), 2025

Language:

eng

Is Version Of:

Biuletyn PISM nr 41 (3044), 2025

Rights Holder:

The Polish Institute of International Affairs (PISM)

Location of Physical Object:

Library of the Polish Institute of International Affairs (PISM)