Trump’s tariff strategy: Global trade at a crossroads

May 2025

President Trump’s recent tariffs on China, the UK, EU, Japan and South Korea have roiled markets, sparking fears of a global trade war. Menelaus Kouzoupis and Alan Scurry of Stephenson Harwood examine the policy’s rationale, impact and business strategies to mitigate risks. On April 2, 2025, a day dubbed as “Liberation Day”, President Trump announced a sweeping set of tariffs...

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	The Deadlock Dilemma
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Trump’s tariff strategy: Global trade at a crossroads

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