Trade Battles: An Update on Global Tariff Negotiations

by Nato Balavadze

In this paper we discuss:

• The first trade deal: US-UK trade agreement; 
• The stalemate in US–EU trade talks as Washington signals tariffs will remain;
• How the India–US trade talks advance amid pressures on market access and tariff threats;
• Why Japan walked away from the US 100-year bond swap proposal; and
• The beginning of the China-US trade negotiations in Geneva.

Download PDF: Tariff Negotiations May 2025

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