As trade negotiations with some countries appear to be flagging, President Trump warned that he will follow through on threatened tariff increases for countries with whom the US has not reached a deal by the end of the current 90-day pause on reciprocal tariffs. The President also announced a 50% tariff on goods from the EU, starting June 1st.

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Chris Siepmann is the Managing Director at Weller James, where he helps clients navigate geopolitical risk and international policy changes. Previously, he served as Director for Trade Enforcement at the Office of the U.S. Trade Representative during the first Trump administration, where he advised on the China Section 301 tariffs and a range of other issues. More insights from Chris are available at https://wellerjames.com.