Trump imposes tariffs: What does that mean for our trade?

Trump imposes tariffs: What does that mean for our trade?

Asien-Pazifik-Region, International - On June 11, 2025, President Trump took measures to increase the standard of living in the United States. A central component of his strategy is the introduction of protective tariffs. These tariffs serve as surcharges that a state raised on imported goods, with the aim of generating income and protecting the domestic economy.

The imposition of tariffs has complicated effects on international trade. While you directly increase the price of the imported goods, too high tariffs can also significantly damage the trade, as retailers import fewer goods. In this context, the trade itself is to be understood as a non -violent exchange of goods between two parties, whereby goods are produced that are produced in different places in varying quality.

influence of tariffs on the economy

The living standard of the citizens is determined, among other things, by the amount of goods consumed and the workload required for their production. Therefore, factors such as productivity that depends on natural conditions and the state of the art play an important role. Protection tariffs and other government interventions can have secondary effects on the entire economy that are often difficult to quantify but can be significant.

trade agreements and economic agreements represent another important aspect in global trade. According to a report by district journal, such agreements significantly influence global trade and economic growth. However, positive effects must always be weighed against the challenges and risks that go hand in hand with these agreements. Trade agreements can reduce trade barriers and strengthen the competitiveness of companies, which is an essential prerequisite for economic growth.

trade agreements in the global context

International trade agreements such as the North American Free Trade Agreement (NAFTA) or the Comprehensive Economic and Trade Agreement (CETA) between the EU and Canada have significantly promoted trade between the countries involved. These agreements make access to markets facilitate and can lead to an increase in economic growth by reducing tariffs and trade restrictions.

However, the introduction of trade agreements also brings challenges. Critics warn of possible negative effects on certain industries and municipalities, including the loss of local jobs and a potential reduction in environmental standards. In addition, economic inequality can be reinforced by unequal advantages between countries.