As the ‘Liberation Day’ deadline for resolving US trade disputes passes, countries facing Trump-era tariffs are in a rush to secure trade agreements. While some nations have managed to negotiate deals, others risk facing heightened import duties.
Over the past several weeks, there has been a flurry of diplomatic activity aimed at alleviating the economic strain imposed by the tariffs. These measures were introduced during the Trump administration as part of a broader strategy to protect American industries and shift trade imbalances. However, the impact has extended beyond the intended targets, affecting global supply chains and market stability. Nations such as Canada, Mexico, and the European Union have made notable progress in renegotiating terms, but developing countries with less bargaining power continue to face significant challenges in securing favorable outcomes.