US: Trump postpones 50% tariff on EU goods
President Trump announced on 26 May 2025 that the effective date for his new 50% tariffs, in addition to the previously announced 20% tariffs on EU goods, has been pushed to 9 July 2025 after a call with European Commission President Ursula von der
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US: Trump revives trade tensions with new tariff threats on EU, Apple
Trump announced that he plans to impose a 50% tariff on EU goods, on top of the existing 20%, starting 1 June 2025. He also plans a 25% tax on imported iPhones that US consumers purchase. US President Donald Trump threatened, on Friday 23 May
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EU to introduce flat tax on low-value imports from China
According to a Financial Times report on 20 May 2025, the EU is considering imposing a flat fee on small packages entering the bloc, mainly from China. The Financial Times reported that the European Commission shared a draft proposal for a
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China imposes anti-dumping tariffs on plastics from US, EU, Japan, and Taiwan
China’s Ministry of Commerce has imposed anti-dumping duties on POM copolymer imports from the US, EU, Japan, and Taiwan on 18 May 2025. Rates will range from 3.8% to 74.9%. US imports will face the highest rate at 74.9%, while EU shipments are
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US lowers “de minimis” tariff on small Chinese parcels, China lowers tariffs on US imports for 90 days
The White House released a joint statement, on 12 May 2025, announcing that the US will lower the "de minimis" tariff on low-value shipments from China to 30%, easing tensions in the trade war between the two largest economies. The order relieves
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Jamaica: Cabinet approves 20% expanded duty concession for agricultural vehicles
Jamaica’s Cabinet has approved the expansion of the 20% duty concession for agricultural vehicles on 9 April 2025. Minister of Agriculture, Fisheries and Mining, Floyd Green, announced this during the post-cabinet press briefing at Jamaica
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US: Treasury reports USD 258 billion budget surplus in April 2025
The US Department of the Treasury reported a USD 258 billion budget surplus in April on 12 May 2025. The surplus is up 23% (USD 49 billion) compared to the same period last year. The Treasury said the increased surplus was driven by strong tax
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EU consults countermeasures, WTO action over US tariffs
The European Commission has announced a public consultation on possible countermeasures and WTO litigation in response to US tariffs on 8 May 2025, if ongoing EU-US negotiations do not result in a mutually beneficial outcome and the removal of the
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US, China agree to lower tariffs, 90-day tariff pause
The US and China have agreed to temporarily cut tariffs in order to work to end a trade war that has fueled recession fears and unsettled financial markets. Following discussions with Chinese officials in Geneva, US Treasury Secretary Scott
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US, UK announces trade deal, expands agricultural access
US President Donald Trump announced a "full and comprehensive" trade agreement between the US and the UK on Thursday, 8 May 2025. “The agreement with the UK is a full and comprehensive one that will cement the relationship between the US and
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US: Trump to lower US tariffs on China from 145% if trade talks go wellÂ
US President Donald Trump said on Thursday, 8 May 2025, that he expects the US 145% tariffs on China to be reduced if trade negotiations between the two nations this weekend goes well. The Trump administration stated that the US has been working
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EU considers EUR 95 billion in tariffs on US if negotiations fail, targets industrial goods
The European Union is considering imposing EUR 95 billion (USD 108 billion) in tariffs on US exports if no progress is made during trade talks with the Trump administration. The proposed retaliatory measures mainly target industrial goods like
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China to impose anti-dumping duties on Indian cypermethrin
China's commerce ministry announced it will impose anti-dumping duties of 48.4% to 166.2% on Indian cypermethrin for five years, effective immediately. Cypermethrin is an insecticide used in agriculture and sanitation. The decision follows a
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US: Trump administration ends duty-free access for low-value imports from China, Hong Kong
The Trump administration ended duty-free access for low-value shipments from China and Hong Kong entering the US on Friday, 2 May 2025. This followed after President Donald Trump signed an executive order on 2 May 2025, which ended “de
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US: Trump proposes USD 163 billion in federal budget cuts for 2026
The Trump administration has proposed USD 163 billion budgetary cuts for the 2026 federal budget on Friday, 2 May 2025. The federal budget drastically reduces spending on education, housing, and medical research while increasing funding for
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China reportedly exempts select US imports from tariffs, discretely communicates policy to companiesÂ
China reportedly has drafted a list of US imports that is exempted from its 125% tariffs. It’s unclear how many, or which, products are on the list because authorities have not publicly shared this information. The sources state that the
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US: Trump to reveal 2026 federal budget plan later today
US President Donald Trump is set to unveil his 2026 fiscal year budget proposal today, 2 May 2025, which will then be submitted to Congress. The federal budget release follows after Republicans in Congress’ attempt to resolve divisions over
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US: Trump’s latest executive order eases tariff impact on auto industry
US President Donald Trump signed an executive order yesterday, 29 April 2025, to ease the impact of auto tariffs, days before 25% import taxes on auto parts were set to take effect. Under the new executive order, which he signed aboard Air Force
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