{"id":2008,"date":"2025-07-09T07:58:00","date_gmt":"2025-07-09T03:58:00","guid":{"rendered":"https:\/\/omanet.om\/en\/news\/economy\/trumps-trade-war-global-economic-impact\/"},"modified":"2025-07-24T19:09:37","modified_gmt":"2025-07-24T15:09:37","slug":"trumps-trade-war-global-economic-impact","status":"publish","type":"post","link":"https:\/\/omanet.om\/en\/news\/economy\/trumps-trade-war-global-economic-impact\/","title":{"rendered":"Impact of Trump&#8217;s Trade War on Global Economy: Key Insights for Investors and Business Owners in Oman"},"content":{"rendered":"<style>\r\n@keyframes hitv3sog-fadein{from{opacity:0;transform:translateY(14px)}to{opacity:1;transform:translateY(0)}}\r\n@keyframes hitv3sog-slideup{from{opacity:0;transform:translateY(20px)}to{opacity:1;transform:translateY(0)}}\r\n@keyframes hitv3sog-pulse{0%,100%{box-shadow:0 0 14px #dc262688}50%{box-shadow:0 0 32px #dc2626,0 0 60px #dc262655}}\r\n@keyframes hitv3sog-shimmer{0%,100%{opacity:0.3;transform:scaleX(0.4)}50%{opacity:1;transform:scaleX(1)}}\r\n@keyframes hitv3sog-glow{0%,100%{opacity:0.6}50%{opacity:1}}\r\n@keyframes hitv3sog-badge{from{opacity:0;transform:scale(0.8)}to{opacity:1;transform:scale(1)}}\r\n<\/style><style>\r\n.hitv3sogw{container-type:inline-size;width:100%;max-width:970px;margin:0 auto;box-sizing:border-box}\r\n.hitv3soga{display:flex;flex-direction:row;align-items:center;justify-content:space-between;width:100%;box-sizing:border-box;text-decoration:none;color:#fff;font-family:-apple-system,BlinkMacSystemFont,'Segoe UI',Roboto,system-ui,sans-serif;position:relative;overflow:hidden;cursor:pointer;background:linear-gradient(135deg,#111118 0%,#080808 100%);border:1.5px solid rgba(255,255,255,0.08);border-radius:14px;gap:20px;padding:20px 40px;transition:border-color .2s}\r\n.hitv3soga:hover{border-color:#dc262688}\r\n.hitv3sogg1{position:absolute;inset:0;background:radial-gradient(ellipse at 50% 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0;white-space:nowrap;overflow:hidden;text-overflow:ellipsis}\r\n.hitv3sogs{font-size:13px;color:rgba(255,255,255,.6);line-height:1.4;margin-top:3px;white-space:nowrap;overflow:hidden;text-overflow:ellipsis}\r\n.hitv3sogbl{display:none;flex-direction:column;gap:5px;margin-top:9px;align-self:flex-start}\r\n.hitv3sogbi{display:flex;align-items:center;font-size:11px;color:rgba(255,255,255,.55);font-weight:500}\r\n.hitv3sogct{position:relative;z-index:1;flex-shrink:0;display:flex;flex-direction:column;align-items:center}\r\n.hitv3sogbtn{display:inline-flex;align-items:center;gap:6px;padding:10px 24px;background:#dc2626;background-image:linear-gradient(180deg,rgba(255,255,255,.12) 0%,transparent 100%);color:#fff;font-size:14px;font-weight:700;border-radius:8px;white-space:nowrap;box-shadow:0 0 20px #dc262666;border:none;cursor:pointer;font-family:inherit;transition:filter .15s,transform .15s}\r\n.hitv3sogbtn:hover{filter:brightness(1.15);transform:scale(1.04)}\r\n.hitv3sogbr{font-size:9px;color:rgba(255,255,255,.18);text-align:center;margin-top:5px;letter-spacing:.1em;text-transform:uppercase}\r\n\/* \u2500\u2500 Compact horizontal: 380\u2013599px (like 320\u00d7100) \u2500\u2500 *\/\r\n@container (min-width:380px) and (max-width:599px){\r\n  .hitv3soga{padding:12px 22px;gap:12px;min-height:100px}\r\n  .hitv3sogh{font-size:16px}\r\n  .hitv3sogs{display:none}\r\n  .hitv3sogbtn{padding:7px 16px;font-size:11px}\r\n}\r\n\/* \u2500\u2500 Mobile\/card: < 380px (like 300\u00d7250) \u2500\u2500 *\/\r\n@container (max-width:379px){\r\n  .hitv3soga{flex-direction:column;align-items:center;justify-content:space-between;min-height:260px;padding:22px 22px;gap:10px}\r\n  .hitv3sogc{align-items:center;text-align:center}\r\n  .hitv3sogh{font-size:22px;white-space:normal}\r\n  .hitv3sogs{font-size:11px;white-space:normal}\r\n  .hitv3sogbl{display:flex;align-self:center;text-align:left}\r\n  .hitv3sogbtn{width:100%;justify-content:center;padding:12px 20px}\r\n}\r\n\/* \u2500\u2500 Wide: >= 600px (leaderboard style) \u2500\u2500 *\/\r\n@container (min-width:600px){\r\n  .hitv3soga{min-height:90px}\r\n}\r\n<\/style><!-- HiT Land Banner \u2014 Container Query Responsive -->\r\n<div class=\"hitv3sogw\">\r\n<a class=\"hitv3soga\" href=\"https:\/\/hit.land\/services\/web-app-development\" target=\"_blank\" rel=\"noopener nofollow\" style=\"animation:hitv3sog-fadein 0.7s ease both;animation-delay:0s;\">\r\n  <div class=\"hitv3sogg1\" style=\"animation:hitv3sog-glow 3s ease-in-out infinite;\"><\/div>\r\n  <div class=\"hitv3sogg2\"><\/div>\r\n  <div class=\"hitv3soggl\" style=\"animation:hitv3sog-shimmer 3s ease-in-out infinite;\"><\/div>\r\n  \r\n  <div class=\"hitv3sogc\">\r\n    \r\n    <div style=\"display:inline-flex;align-self:flex-start;align-items:center;gap:6px;background:rgba(255,255,255,0.08);border:1px solid rgba(255,255,255,0.18);backdrop-filter:blur(8px);-webkit-backdrop-filter:blur(8px);border-radius:20px;padding:3px 10px 3px 7px;margin-bottom:clamp(5px,0.6vw,9px);animation:hitv3sog-badge 0.5s ease both;\"><span style=\"display:inline-block;width:6px;height:6px;border-radius:50%;background:#dc2626;flex-shrink:0;\"><\/span><span style=\"font-size:clamp(8px,0.9vw,10px);font-weight:700;letter-spacing:0.07em;color:rgba(255,255,255,0.88);text-transform:uppercase;white-space:nowrap;\">EXCLUSIVE OMAN OFFER<\/span><\/div>\r\n    <div class=\"hitv3sogh\" style=\"animation:hitv3sog-slideup 0.7s ease both;animation-delay:0.15s;\">Websites For <span style=\"color:#dc2626;\">Omani Businesses.<\/span><\/div>\r\n    <div class=\"hitv3sogs\" style=\"animation:hitv3sog-slideup 0.7s ease both;animation-delay:0.3s;\">Empower your brand with custom digital solutions designed for high conversion and market dominance.<\/div>\r\n    <div class=\"hitv3sogbl\"><div class=\"hitv3sogbi\"><span style=\"display:inline-block;width:5px;height:5px;border-radius:50%;background:#dc2626;flex-shrink:0;margin-right:7px;\"><\/span><span>Responsive designs built for growth<\/span><\/div><div class=\"hitv3sogbi\"><span style=\"display:inline-block;width:5px;height:5px;border-radius:50%;background:#dc2626;flex-shrink:0;margin-right:7px;\"><\/span><span>Fast loading with smart automation<\/span><\/div><\/div>\r\n  <\/div>\r\n  \r\n  <div class=\"hitv3sogct\">\r\n    <button class=\"hitv3sogbtn\" style=\"animation:hitv3sog-pulse 2.5s ease-in-out infinite;animation-delay:1s;\">Build Your Free Website <span style=\"opacity:.9;\">\u2192<\/span><\/button>\r\n    <div class=\"hitv3sogbr\">hit.land<\/div>\r\n  <\/div>\r\n<\/a>\r\n<\/div>\n<p><\/p>\n<p><strong>U.S. Tariff Developments Under President Donald Trump: A Timeline<\/strong><\/p>\n<p>Since taking office on January 20, U.S. President Donald Trump&#8217;s tariff decisions have disrupted financial markets and created significant uncertainty in the global economy. Below is a timeline highlighting the key events:<\/p>\n<ul>\n<li>\n<p><strong>February 1<\/strong>: Trump imposes a 25% tariff on imports from Mexico and Canada, alongside a 10% tariff on Chinese goods, arguing for measures to reduce the flow of fentanyl and illegal immigration into the United States.<\/p>\n<\/li>\n<li>\n<p><strong>February 3<\/strong>: The president suspends the threat of tariffs on Mexico and Canada, agreeing to a 30-day moratorium in exchange for commitments related to border security and crime enforcement. A similar deal with China fails to materialize.<\/p>\n<\/li>\n<li>\n<p><strong>February 7<\/strong>: Tariffs on low-cost packages from China are delayed until the Commerce Department can establish adequate procedures for processing and revenue collection.<\/p>\n<\/li>\n<li>\n<p><strong>February 10<\/strong>: Tariffs on steel and aluminum are increased to a flat <strong>25%<\/strong>, with no exceptions.<\/p>\n<\/li>\n<li>\n<p><strong>March 3<\/strong>: Trump announces that the 25% tariffs on Mexican and Canadian goods will take effect as of March 4, and he doubles the fentanyl-related tariffs on Chinese imports to <strong>20%<\/strong>.<\/p>\n<\/li>\n<li>\n<p><strong>March 5<\/strong>: Following discussions with executives from General Motors and Ford, Trump agrees to delay vehicle tariffs on Canada and Mexico for one month.<\/p>\n<\/li>\n<li>\n<p><strong>March 6<\/strong>: He grants a one-month exemption from the 25% tariffs for products from Canada and Mexico under the North American trade agreement.<\/p>\n<\/li>\n<li>\n<p><strong>March 26<\/strong>: Trump reveals plans for a <strong>25%<\/strong> tariff on imported cars and light trucks.<\/p>\n<\/li>\n<li>\n<p><strong>April 2<\/strong>: He announces global tariffs, setting a baseline of <strong>10%<\/strong> across all imports, with significantly higher rates for major trading partners.<\/p>\n<\/li>\n<li>\n<p><strong>April 9<\/strong>: In response to significant financial market upheaval, Trump pauses several country-specific tariffs for <strong>90 days<\/strong> but maintains the <strong>10%<\/strong> blanket duty on most U.S. imports. He proposes raising the tariff on Chinese goods to <strong>125%<\/strong>.<\/p>\n<\/li>\n<li>\n<p><strong>April 13<\/strong>: The administration grants exclusions from steep tariffs on electronics, including smartphones.<\/p>\n<\/li>\n<li>\n<p><strong>April 22<\/strong>: The Trump administration initiates national security investigations under Section 232 of the Trade Act concerning pharmaceutical and semiconductor imports, potentially leading to tariffs.<\/p>\n<\/li>\n<li>\n<p><strong>May 4<\/strong>: Trump imposes a <strong>100%<\/strong> tariff on all films produced outside the U.S.<\/p>\n<\/li>\n<li>\n<p><strong>May 9<\/strong>: Trump and British Prime Minister Keir Starmer announce a limited bilateral trade agreement, maintaining <strong>10%<\/strong> tariffs on British exports, while improving agricultural access.<\/p>\n<\/li>\n<li>\n<p><strong>May 12<\/strong>: The U.S. and China agree to a temporary reduction of reciprocal tariffs, aiming for a <strong>90-day truce<\/strong> that lowers U.S. tariffs on Chinese imports to <strong>30%<\/strong>.<\/p>\n<\/li>\n<li>\n<p><strong>May 13<\/strong>: The U.S. reduces the low value &quot;de minimis&quot; tariff on Chinese shipments valued up to $800, decreasing it from <strong>120%<\/strong> to <strong>54%<\/strong>.<\/p>\n<\/li>\n<li>\n<p><strong>May 23<\/strong>: Trump suggests a <strong>50%<\/strong> tariff on European Union goods starting June 1 and warns Apple of a <strong>25%<\/strong> tariff on phones manufactured outside the U.S.<\/p>\n<\/li>\n<li>\n<p><strong>May 25<\/strong>: The president retracts the proposed <strong>50%<\/strong> tariffs on EU imports, extending the negotiation deadline to July 9.<\/p>\n<\/li>\n<li>\n<p><strong>May 28<\/strong>: A U.S. trade court blocks the tariffs, ruling that Trump overstepped his authority. The administration plans to appeal.<\/p>\n<\/li>\n<li>\n<p><strong>May 29<\/strong>: A federal appeals court temporarily reinstates Trump&#8217;s tariffs, pausing the previous ruling while considering the government\u2019s appeal.<\/p>\n<\/li>\n<li>\n<p><strong>June 3<\/strong>: Trump issues an executive proclamation to raise tariffs on imported steel and aluminum to <strong>50%<\/strong>.<\/p>\n<\/li>\n<li>\n<p><strong>June 12<\/strong>: He signals potential auto tariff increases during a White House event, suggesting this could encourage domestic investments.<\/p>\n<\/li>\n<li>\n<p><strong>July 3<\/strong>: Trump announces a <strong>20%<\/strong> tariff on many exports from Vietnam, with a <strong>40%<\/strong> levy on products transshipped through other countries.<\/p>\n<\/li>\n<li>\n<p><strong>July 6<\/strong>: On Truth Social, he mentions countries that align with the \u201canti-American policies\u201d of BRICS will incur an additional <strong>10%<\/strong> tariff.<\/p>\n<\/li>\n<li>\n<p><strong>July 7<\/strong>: Trump states that previously announced higher duties will be implemented with a delay, starting August 1, while trade agreements are finalized.<\/p>\n<\/li>\n<li><strong>July 8<\/strong>: He declares plans to impose a <strong>50%<\/strong> tariff on imported copper and intends to introduce levies on semiconductors and pharmaceuticals soon.<\/li>\n<\/ul>\n<p><style>\r\n@keyframes hitl8gak-fadein{from{opacity:0;transform:translateY(14px)}to{opacity:1;transform:translateY(0)}}\r\n@keyframes hitl8gak-slideup{from{opacity:0;transform:translateY(20px)}to{opacity:1;transform:translateY(0)}}\r\n@keyframes hitl8gak-pulse{0%,100%{box-shadow:0 0 14px #dc262688}50%{box-shadow:0 0 32px #dc2626,0 0 60px #dc262655}}\r\n@keyframes hitl8gak-shimmer{0%,100%{opacity:0.3;transform:scaleX(0.4)}50%{opacity:1;transform:scaleX(1)}}\r\n@keyframes hitl8gak-glow{0%,100%{opacity:0.6}50%{opacity:1}}\r\n@keyframes 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solid rgba(255,255,255,0.18);backdrop-filter:blur(8px);-webkit-backdrop-filter:blur(8px);border-radius:20px;padding:3px 10px 3px 7px;margin-bottom:clamp(5px,0.6vw,9px);animation:hitl8gak-badge 0.5s ease both;\"><span style=\"display:inline-block;width:6px;height:6px;border-radius:50%;background:#dc2626;flex-shrink:0;\"><\/span><span style=\"font-size:clamp(8px,0.9vw,10px);font-weight:700;letter-spacing:0.07em;color:rgba(255,255,255,0.88);text-transform:uppercase;white-space:nowrap;\">EXCLUSIVE OFFER<\/span><\/div>\r\n    <div class=\"hitl8gakh\" style=\"animation:hitl8gak-slideup 0.7s ease both;animation-delay:0.15s;\">Your Website <span style=\"color:#dc2626;\">Should Sell.<\/span><\/div>\r\n    <div class=\"hitl8gaks\" style=\"animation:hitl8gak-slideup 0.7s ease both;animation-delay:0.3s;\">Custom-built websites with smart automation & AI-powered features.<\/div>\r\n    <div class=\"hitl8gakbl\"><div class=\"hitl8gakbi\"><span style=\"display:inline-block;width:5px;height:5px;border-radius:50%;background:#dc2626;flex-shrink:0;margin-right:7px;\"><\/span><span>SEO-optimized & lightning fast<\/span><\/div><div class=\"hitl8gakbi\"><span style=\"display:inline-block;width:5px;height:5px;border-radius:50%;background:#dc2626;flex-shrink:0;margin-right:7px;\"><\/span><span>Smart features built for your business<\/span><\/div><\/div>\r\n  <\/div>\r\n  \r\n  <div class=\"hitl8gakct\">\r\n    <button class=\"hitl8gakbtn\" style=\"animation:hitl8gak-pulse 2.5s ease-in-out infinite;animation-delay:1s;\">Get Free Consultation <span style=\"opacity:.9;\">\u2192<\/span><\/button>\r\n    <div class=\"hitl8gakbr\">hit.land<\/div>\r\n  <\/div>\r\n<\/a>\r\n<\/div><br \/>\n<\/p>\n<p><strong>Special Analysis by Omanet | Navigate Oman&#8217;s Market<\/strong><\/p>\n<p>The recent shifts in U.S. tariff policies create <strong>both opportunities and risks for businesses in Oman<\/strong>. With heightened import duties, <strong>Omani exporters may gain a competitive edge<\/strong> in markets affected by these tariffs, presenting a chance to capitalize on new demand. However, <strong>uncertainty in global trade dynamics may pose challenges<\/strong>, urging investors and entrepreneurs to strategically assess their supply chains and market entry strategies to mitigate potential disruptions.<\/p>\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>U.S. President Donald Trump&#8217;s tariff decisions since January 20 have shocked financial markets. Key developments include: <\/p>\n<p>&#8211; On February 1, he imposed 25% tariffs on Mexican and Canadian imports and 10% on Chinese goods, escalating trade tensions.<br \/>\n&#8211; By March, tariffs on steel and aluminum reached 25%, with additional duties on autos announced later.<br \/>\n&#8211; In May, temporary reductions in tariffs were agreed upon with China.<br \/>\n&#8211; July saw discussions of tariffs up to 50% on copper and new levies on semiconductors.<\/p>\n","protected":false},"author":12,"featured_media":2010,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[482],"tags":[460,204,496],"class_list":["post-2008","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","tag-donald-trump","tag-tariffs","tag-trade-policy"],"jetpack_featured_media_url":"https:\/\/omanet.om\/wp-content\/uploads\/2025\/07\/3065166.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/posts\/2008","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/comments?post=2008"}],"version-history":[{"count":1,"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/posts\/2008\/revisions"}],"predecessor-version":[{"id":2011,"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/posts\/2008\/revisions\/2011"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/media\/2010"}],"wp:attachment":[{"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/media?parent=2008"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/categories?post=2008"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/tags?post=2008"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}