Norway rejects retaliatory tariffs against US despite new trade barriers
Norwegian Foreign Minister Espen Barth Eide stated that the government has no plans to implement retaliatory tariffs following recent US trade measures against Norway. The decision reflects a strategic choice to avoid escalation, though the long-term economic impact of the US policy remains uncertain.
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Brazil — 18 developments
US Implements Broad Tariff Regime; Global Responses Vary
The US has implemented a new tariff regime across 60 nations with variable 10-12.5% rates, replacing previous emergency duties and including an exemption list for over 2,000 items. While the EU confirms alignment with a 2025 trade framework, several nations, including Norway and Canada, are signaling restraint in retaliation, while Colombia defers its response. The new regime is projected to recover 60% of revenue lost from invalidated emergency duties, indicating a narrower scope.