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Trump's Tariffs - A Selection of Articles

Graham Watson

6th April 2025

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Here is a selection of comment and analysis articles on Trump's Tariffs. We also have a collections page where short videos on the 2025 Global Trade Crisis can be accessed.

Trump’s tariffs may be perilous for small, heavily indebted countries in global south

This Heather Stewart piece underlines the fundamental unfairness of the ongoing Trump-led trade war. In imposing high tariffs on some small countries such as Cambodia and Sri Lanka that simply aren't going to consume more US goods, but who also export a lot to the US, the US government is going to adversely effect their economies, reduce employment and worsen poverty. It's also, from a political point of view, going to drive them very firmly into China's orbit.

‘Fundamentally wrong, brutal and paranoid’: how will the world respond to Donald Trump’s tariffs?

A lengthy Observer piece ponders what next for the global economy, looking at those countries that are going to be most affected by tariffs, notably Vietnam, Cambodia and Thailand.

Trump has turned his back on the foundation of US economic might - the fallout will be messy

In-depth piece from Faisal Islam looking at how US trade policy has seemingly upended nearly a century of global trade, and the conventional economic principles that underpin it, such as comparative advantage. It looks like the era of globalization is over.

The US firms backing Trump's fight over trade

This article is interesting because it explores the other side of the story - US producers who support tariffs because they feel shut out of other markets.

They include jam producers who face a 24% plus import tax, and apples growers who face taxes ranging from 50% to 10% and other barriers such as sanitary laws as applied by Australia. It's a perspective that hasn't been much considered and it's worth doing so, if only to emphasise the comparatively low average tariff that applies in the US. Of course, you might observe that having a such a low tariff is mutually beneficial and that increasing tariffs is inevitably going to reduce economic welfare.

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Graham Watson

Graham Watson has taught Economics for over twenty years. He contributes to tutor2u, reads voraciously and is interested in all aspects of Teaching and Learning.