Pharmaceuticals have so far been exempted from the levies, but on April 8, Trump said he would announce a large tariff on drugs imports “very shortly.”

In addition to the lapses in required approvals, the audit found that Panama Ports used a series of tax-exempt subcontractors to lower the amount it pays to the government.

Connor Lokar, senior forecaster at ITR Economics, weighs the prospects of a recession resulting from the Trump administration’s latest round of tariffs — as well as the probability of a Great Depression occurring in the next decade.

China has taken the hardest stance against Trump's tariffs of any country, with no indications that it plans to back down in the weeks to come.

According to the World Trade Organization, Cambodia exported nearly $10 billion worth of goods to the U.S. in 2024, accounting for roughly 38% of its total exports.

The best way to handle rapid change is to stay as informed as possible — both in terms of current market trends and possible changes — in order to run multiple, complex what-if scenarios.

Unless the EU comes to an arrangement with the U.S., 20% tariffs against the bloc will come into force on April 9.

President Trump’s seesawing policy on the implementation of tariffs fails to account for the many complexities of international trade, three industry analysts said at TPM25.

The U.S. government introduced a 25% tariff on imported cars, which went into effect on April 3.

While Newsom cannot enter binding international agreements with foreign nations, the governor can pursue informal partnerships and export promotion efforts such as state-led trade missions.