1. The United States officially imposes an additional tariff of 10% on imported goods.
The United States Customs and Border Protection (CBP) announced that starting from February 24, a new tariff of 10% will be applied to all products not on the exemption list. This is the same rate as originally announced by President Donald Trump on February 20, and not the 15% he had threatened to apply the next day.
2. The EU and China react to the new American tariff policy.
Recent developments in the trade policy of the American administration under the presidency of Donald Trump have raised concerns from the European Union (EU) to China, threatening to disrupt recently concluded agreements and increase instability in global markets.
3. EVENT MONITORING: When volatility becomes the norm
The decision made on February 20 by the U.S. Supreme Court, which partially rejected the current tariff system of President Donald Trump, was supposed to contribute to easing global trade tensions. However, the events that quickly followed in the United States revealed a more complex situation, with tariff barriers tending to become the new norm.
4. Why haven’t tariffs reduced the US trade deficit?
According to the Wall Street Journal, the tariffs rejected by the U.S. Supreme Court on February 20, and that Trump has pledged to reinstate under another law, have so far not achieved one of their main stated objectives: balancing global trade, which is becoming increasingly unbalanced. On the contrary, recent data suggests that they are further accentuating this imbalance.
5. China surpasses South Korea in most high-tech areas.
A report recently published by the Korea Institute for Industrial Economics and Trade (KIET) indicates that China’s industrial competitiveness now surpasses that of South Korea in most high-tech sectors, forcing Seoul to review its national position.
6. Germany remains the third largest economy in the world despite a slowdown in its growth.
According to data published on February 23 by the German Economic Institute (IW) in Cologne, Germany’s nominal gross domestic product (GDP) is expected to reach around $5.052 trillion in 2025, thereby maintaining its position as the third largest economy in the world by 2025.
7. United States: Over 11,000 flights disrupted by a historic snowstorm: A strong winter snowstorm sweeps through the northeast of the United States, causing chaos on the roads, widespread power outages, and forcing authorities in several states to declare a state of emergency and issue travel bans.
8. China announces export control measures related to Japan.
A spokesperson for the Chinese Ministry of Commerce stated on February 24 that China had placed 20 entities, including Mitsubishi Shipbuilding Co., Ltd., on its watch list due to their involvement in activities that “strengthen Japan’s military capabilities.”
9. WSJ: Apple relocates Mac Mini production line from Asia to the United States.
The Wall Street Journal reported on February 23 that Apple is set to move some of the production of its Mac Mini desktop computer from Asia to the United States. This new production process is expected to begin later this year at a Foxconn plant north of Houston.
10. The United States and Japan reaffirm their commitment to the trade agreement despite tariff fluctuations.
On February 24, the Japanese government announced that Japan and the United States had agreed to continue the full and rapid implementation of their bilateral trade agreement, even after the U.S. Supreme Court had rejected most of the previously imposed global tariffs by President Donald Trump.
