Trump's tariffs: a roundup, updated May 2025
• 'The Economist' editor unpacks the 'biggest trade policy shock' of Trump's tariffs (Terry Gross, Fresh Air, 4-9-25) President Trump's sweeping "Liberation Day" tariffs have upended the global economy, sending stock markets into turmoil. "This is, without a doubt, the biggest trade policy shock, I think, in history," Zanny Minton Beddoes, the editor-in-chief of The Economist, says.
"Trump last week ordered a minimum 10% tax on nearly everything the U.S. buys from other countries. He's also ordered much higher levies on things the country buys from China, Japan and the European Union. However, a lot of those tariffs are in flux, because almost each day the president has either increased some tariffs or paused others." And then he increased them to preposterous proportions.
• Robert De Niro Slams Trump In Cannes Honorary Palme d’Or Speech: “We Are Fighting Like Hell For The Democracy We Once Took For Granted” (Melanie Goodfellow, Nancy Tartaglione, Deadline, 5-23-25)
An impassioned De Niro used his acceptance speech to address issues he said are facing the artistic community and threatening democracy under the presidency of Donald Trump. “In my country, we are fighting like hell for the democracy we once took for granted. That affects all of us here because the arts are democratic. Art is inclusive, it brings people together. Art embraces diversity and that’s why art is a threat, that’s why we are a threat to autocrats and fascists,” he said.
“America’s philistine president has had himself appointed head of one of our premier cultural institutions,” he continued. “He has cut funding and support to the arts, humanities and education. And now he has announced a 100% tariff on films produced outside of the U.S. Let that sink in. … You can’t put a price on creativity, but apparently you can put a tariff on it.”
“This is not just an American problem, it’s a global one,” he said. “We can’t all just sit back and watch. We have to act and we have to act now, not with violence but with great passion and determination. It’s time for everyone who cares about liberty to organize, to protest — and when there are elections, of course, to vote. Tonight and for the next 11 days we show our strength and commitment by celebrating art in this glorious festival. Libérté, égalité, fraternité.”
• Trump 2.0 tariff tracker (ReedSmith, Trade Compliance Resource Hub, 5-5-25) Reed Smith’s International Trade and National Security team tracks the latest threatened and implemented U.S. tariffs, as well as counter-tariffs Read More