Plus, check out this week's events on the global economy and US manufacturing.
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Brookings Brief

July 8, 2025

image of the 2025 USMCA initiative with images of automobiles, technology, and construction.

The impact of US tariffs on global trade

 

The Trump administration’s delay of the July 9 tariff deadline—now reset for August 1—comes as elevated tariffs on key trading partners continue to reshape North American and global trade. A newly updated USMCA tracker by Joshua Meltzer and Dozie Ezi-Ashi highlights recent data on trade and related measures.

 

For more information, check out Brookings’ USMCA initiative and look for an updated tariffs tracker this week.

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This week's events on trade and manufacturing

A global economic outlook. The global economy, already strained in recent years, now faces renewed threats from rising trade tensions and escalating geopolitical conflicts. On Thursday, join a panel-led discussion on the global economic outlook anchored by insights from the World Bank’s June 2025 Global Economic Prospectsreport.

 

US manufacturing. Over the last six months, the Trump administration has introduced tariffs, deregulation, tax proposals, and other policy shifts to revitalize U.S. manufacturing. On Thursday, the fourteenth annual John Hazen White Forum on Public Policy will feature a two-panel forum assessing the impact of these measures and their broader implications for American manufacturing policy. 

 

About Brookings

 

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