US Trade Court questions Trump’s legal authority for 10% global tariffs
A US federal trade court panel has raised serious doubts about the legality of President Donald Trump's 10% tariff on most imports, questioning whether the country's trade deficit alone justifies such sweeping duties. During a hearing on Friday,
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Korea (Rep.), UAE CEPA to take effect, tariff cuts phased over 10 years
Korea (Rep.) and the UAE will implement their Comprehensive Economic Partnership Agreement (CEPA) on 1 May 2026, following the completion of domestic approval procedures and bilateral consultations to expedite its entry into force. The CEPA,
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US imposes 100% tariff on imported branded pharmaceuticals, lower rates for EU, UK, Japan and Korea (Rep.)
US President Donald Trump has signed an executive order imposing sweeping tariffs on imported patented pharmaceuticals, with rates reaching 100% for most products not manufactured domestically. The measure, formalised through a proclamation issued
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Ecuador to impose 100% tariffs on Colombian imports amid border security dispute
Ecuador has announced that it will increase customs duties on imports from Colombia to 100% from 50%, effective 1 May, escalating a series of tariff measures linked to border security and drug trafficking concerns. The Ministry of Production said
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Botswana presents 2025 tax amendment bills to parliament with increased CIT
Botswana’s Minister of Finance has tabled the 2025 Tax Amendment Bills before Parliament on 15 December 2025. The Bills include the Income Tax Bill (2025), Value Added Tax Bill (2025), the Customs Amendment Bill (2025), and the Tax Administration
See MoreUS: Trump threatens 50% tariffs on countries supplying weapons to Iran
US President Donald Trump announced on 8 April 2026, that the US will impose a 50% tariff on all goods imported from any country that supplies military weapons to Iran, despite losing his broadest tariff power earlier this year when the Supreme
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Japan, France strengthen rare earth supply ties to cut dependence on China
Japan and France have agreed to boost cooperation on rare earth supply chains to reduce reliance on China. The announcement came during French President Emmanuel Macron’s visit to Japan for talks with Prime Minister Sanae Takaichi. Under the
See MoreUS: Trump Administration reportedly considering simplification of steel, aluminium tariff system
The Trump Administration is reportedly preparing to overhaul its tariff structure for steel and aluminium products, aiming to ease the compliance burden on importers while maintaining protections for domestic manufacturers. Under the planned
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Netherlands introduces ‘Freedom Contribution’ in 2026 Spring Memorandum
The Dutch Government has published the Spring Memorandum 2026, updating the 2026 budget and outlining forward-looking plans, including a range of tax measures. Key provisions reflect those agreed in the Coalition Agreement for 2026–2030, released
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EU: Parliament approves tariff framework for USÂ trade agreement, ensures American compliance
The European Parliament announced on 26 March 2026 that its members endorsed their position on two proposals covering tariff arrangements under the EU-US Turnberry trade deal. The agreement, reached in summer 2025, aims to remove most tariffs on
See MoreEU ends customs duty exemption for low-value shipments
Starting 1 July 2026, new customs regulations will eliminate duty exemptions for goods imported into the European Union in shipments valued up to EUR 150. The Official Journal of the EU published Council Regulation (EU) 2026/382, dated 11
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Russia to ban gasoline exports from April
Russia will ban gasoline exports from 1 April to 31 July, 2026, Deputy Prime Minister Alexander Novak announced on Friday, 27 March 2026 . The measure is intended to manage domestic fuel supply as global oil and oil products markets face
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South Africa imposes high tariffs on Chinese, Thai structural steel
South Africa has introduced steep import duties on structural steel from China and Thailand after finding evidence of dumping. Chinese steel will face a 74.98% tariff, while Thai steel will be hit with a 20.32% duty. The International Trade
See MoreUS, Mexico hold discussions in advance of USMCA joint review
The US Trade Representative (USTR), Jamieson Greer and Mexican Secretary of Economy Marcelo Ebrard have convened on 18 March 2026 to kick off bilateral technical discussions in advance of the USMCA Joint Review on 1 July 2026. Technical teams
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Italy to revise 2026 budget law delaying import fee, clarifying VAT rules, easing hyper-depreciation criteria
Italy’s Ministry of Economy and Finance announced on 12 March 2026 that it will soon issue legislative changes to the 2026 Budget Law (Law No. 199 of 30 December 2025), targeting key aspects of tax and customs policy. The planned changes will
See MoreUS moves forward with USD 166 billion refund for IEEPA tariffs
The US government is progressing on a four-part system to refund USD 166 billion in tariffs collected under the International Emergency Economic Powers Act (IEEPA), with progress estimated between 40% and 80%, according to a recent court
See MoreUS launches trade investigations against 60 largest trading partners over forced labour practices
The United States Trade Representative (USTR) on 12 March 2026 initiated investigations of 60 economies under Section 301(b) of the Trade Act of 1974. The investigations will determine whether acts, policies, and practices of each of these economies
See MoreUS, Ecuador sign reciprocal trade agreementÂ
The US Trade Representative (USTR) Jamieson Greer and Ecuadorian Minister Luis Alberto Jaramillo signed a reciprocal trade agreement opening Ecuador's market of over 18 million consumers to American agricultural and industrial exports on 13 March
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