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Is the White House walking back on some key tariff measures?

Announced on April *, ****, the policy abandoned the Most Favoured Nation (MFN) principle in favour of a country-specific tariff system. The shift replaced a rules-based global trading order with a retaliatory framework that risks undermining global supply chains and fragmenting trade flows.

Implementation of the tariffs was delayed first to July *, and then to August *, ostensibly to allow room for negotiations. However, the administration remained firm on direction, using the delay to pressure trading partners into accepting terms more favourable to US interests.