Created
: 2025.03.18
- English
- English
- What's Myforex
- Share
- Use tools
- Get information
- What's New
- Help center
- About us
- Customer support
- Terms and policies
-
-
PortfolioShare your portfolio and performance in real time -
Events & contestsEvents and contests held by retail brokers around the world
-
-
Real-time spread comparisonCompare spreads of major retail brokers in real time -
Volatility analysisVisualize volatility as a measure of daily market activity -
Swap point comparisonCompare buy and sell swap values for each broker by symbol -
Market rates & chartsCheck prices for all instruments offered by each broker -
IndicatorsProviding in-house developed indicators for MT4/MT5 -
Trading calculatorsCalculation tools for each broker to help you trade
-
-
World FX newsLatest news on forex and cryptocurrencies from around the world -
Broker informationTrading information of retail brokers worldwide -
MetaTrader4/5 user guideUser guide collection for the latest MetaTrader4/5 -
Economic calendarRelease calendar for indicators from official sources of major economies
US Trade Representative Greer introduces policy process for US tariffs
World FX news
Breaking news
US Trade Representative Greer introduces policy process for US tariffs
New
2025.03.18 04:44
2025.03.18 04:44
2025.03.18 04:44
After months of on-again, off-again tariff proposals that spawn out of US President Donald Trump's social media accounts, newly-minted US Trade Representative (USTR) Jamieson Greer has attempted to smooth down the worst edges of the Trump administration's jagged policy proposals.
Greer took over the top spot as USTR at the end of February, and has begun the heavy lifting of trying to claw back some of the volatility that markets have been struggling with as a result of Donald Trump's roughshod trade policy strategy.
USTR Greer has reinstated formal channels for US businesses and stakeholders to provide the White House with direct feedback on incoming tariff plans, which include President Trump's often-reiterated plans to impose sweeping "reciprocal" and "sectoral" tariffs on April 2nd.
Tariffs FAQs
Tariffs are customs duties levied on certain merchandise imports or a category of products. Tariffs are designed to help local producers and manufacturers be more competitive in the market by providing a price advantage over similar goods that can be imported. Tariffs are widely used as tools of protectionism, along with trade barriers and import quotas.
Although tariffs and taxes both generate government revenue to fund public goods and services, they have several distinctions. Tariffs are prepaid at the port of entry, while taxes are paid at the time of purchase. Taxes are imposed on individual taxpayers and businesses, while tariffs are paid by importers.
There are two schools of thought among economists regarding the usage of tariffs. While some argue that tariffs are necessary to protect domestic industries and address trade imbalances, others see them as a harmful tool that could potentially drive prices higher over the long term and lead to a damaging trade war by encouraging tit-for-tat tariffs.
During the run-up to the presidential election in November 2024, Donald Trump made it clear that he intends to use tariffs to support the US economy and American producers. In 2024, Mexico, China and Canada accounted for 42% of total US imports. In this period, Mexico stood out as the top exporter with $466.6 billion, according to the US Census Bureau. Hence, Trump wants to focus on these three nations when imposing tariffs. He also plans to use the revenue generated through tariffs to lower personal income taxes.
Last updated
: 2025.03.18
Related articles
USD/INR posts modest gains amid rising geopolitical tensions
7 minutes agoUSD/CAD trades with positive bias around 1.4300; upside seems limited ahead of Canadian CPI
18 minutes agoGold Price Forecast: XAU/USD rises above $3,000 to record highs amid safe-haven demand
33 minutes agoJapanese Yen weakens to two-week low against USD; focus remains on BoJ-Fed meetings
37 minutes agoJapan's Kato: Bond markets should decide on rate moves
46 minutes agoAustralian Dollar rises as US Dollar weakens amid growing economic concerns
2025.03.18 10:37
FXStreet is a forex information website, delivering market analysis and news articles 24/7.
It features a number of articles contributed by well-known analysts, in addition to the ones by its editorial team.
Founded in 2000 by Francesc Riverola, a Spanish economist, it has grown to become a world-renowned information website.
Was this article helpful?
We hope you find this article useful. Any comments or suggestions will be greatly appreciated.
We are also looking for writers with extensive experience in forex and crypto to join us.
please contact us at [email protected].
Thank you for your feedback.
Thank you for your feedback.
Most viewed
USD/INR posts modest gains amid rising geopolitical tensions
The Indian Rupee (INR) softens on Tuesday. A rise in crude oil prices amid the escalating geopolitical tensions in the Middle East weighs on the local currency.
New
2025.03.18 11:46USD/CAD trades with positive bias around 1.4300; upside seems limited ahead of Canadian CPI
The USD/CAD pair edges higher during the Asian session on Tuesday and for now, seems to have snapped a two-day losing streak to over a one-week low, around the 1.4275 region touched the previous day.
New
2025.03.18 11:36Gold Price Forecast: XAU/USD rises above $3,000 to record highs amid safe-haven demand
Gold price (XAU/USD) surged to a record high of $3,005 per troy ounce during Asian trading hours on Tuesday, driven by strong safe-haven demand amid ongoing trade tariff uncertainty and geopolitical tensions.
New
2025.03.18 11:21Japanese Yen weakens to two-week low against USD; focus remains on BoJ-Fed meetings
The Japanese Yen (JPY) drifts lower against its American counterpart for the third straight day on Tuesday, lifting the USD/JPY pair to a nearly two-week high, above mid-149.00s during the Asian session.
New
2025.03.18 11:17Japan's Kato: Bond markets should decide on rate moves
Speaking at a news briefing on Tuesday, Japan's Finance Minister Katsunobu Kato said that "we will respond appropriately bearing in mind that the market should be allowed to decide market moves." He further noted that "bond markets should decide on rate moves" after the 40-year government debt yield briefly jumped to a record high.
New
2025.03.18 11:07Australian Dollar rises as US Dollar weakens amid growing economic concerns
The Australian Dollar (AUD) gains ground for the third successive session on Tuesday.
New
2025.03.18 10:37Israel strikes in response to Hamas not releasing hostages
A statement from Israeli Prime Minister Benjamin Netanyahu's office said on Tuesday that Israel resumes military operations against Hamas across the Gaza Strip, per Reuters.
New
2025.03.18 10:33WTI edges higher above $67.00 on heightened geopolitical risks
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $67.30 during the early Asian session on Tuesday.
New
2025.03.18 10:18PBOC sets USD/CNY reference rate at 7.1733 vs. 7.1688 previous
The People's Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead on Tuesday at 7.1733 as compared to the previous day's fix of 7.1688 and 7.2364 Reuters estimate.
New
2025.03.18 10:15EUR/USD holds below 1.0950, hopes of German fiscal deal might help limit its losses
The EUR/USD pair trades with mild losses around 1.0915 during the early Asian session on Tuesday.
New
2025.03.18 09:40Disclaimer:
All information and content provided on this website is provided for informational purposes only and is not intended to solicit any investment. Although all efforts are made in order to ensure that the information is correct, no guarantee is provided for the accuracy of any content on this website. Any decision made shall be the responsibility of the investor and Myforex does not take any responsibility whatsoever regarding the use of any information provided herein.
The content provided on this website belongs to Myforex and, where stated, the relevant licensors. All rights are reserved by Myforex and the relevant licensors, and no content of this website, whether in full or in part, shall be copied or displayed elsewhere without the explicit written permission of the relevant copyright holder. If you wish to use any part of the content provided on this website, please ensure that you contact Myforex.
Myforex uses cookies to improve the convenience and functionality of this website. This website may include cookies not only by us but also by third parties (advertisers, log analysts, etc.) for the purpose of tracking the activities of users. Cookie policy
