Global Trade

Overview The United States has further escalated its tariff regime in 2025, using a mix of national-security (Section 232) and emergency-powers (International Emergency Economic Powers Act — IEEPA) tools. Major commodities (steel, aluminium, copper, autos, furniture/wood) and key trade partners (China, India, Brazil, Canada/Mexico, EU) are all in play. Many decisions already in effect; others announced with looming commencement dates. Key for supply-chain operators: these cha