💨 Abstract

The Trump administration released a comprehensive list of foreign trade barriers, citing tariff rates and non-tariff barriers such as food safety regulations, renewable energy requirements, and public procurement rules. Trump plans to announce reciprocal tariffs on Wednesday, aiming to match higher tariffs and counter non-tariff barriers hurting US exports. The report mentions food regulations and VATs as trade barriers in some countries, including the EU and China.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖