South Africa: SARS updates VDP guide to reflect customs framework, court ruling
The South African Revenue Service (SARS) has issued an updated guide to the Voluntary Disclosure Programme (VDP), replacing the previous version published in August 2023 and incorporating recent legislative amendments and court rulings. The
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US: Trade Court blocks 10% import surcharge, rejects government stay
The US Court of International Trade (CIT) has refused to suspend enforcement of a judgment striking down President Trump's 10% temporary import surcharge. In a decisive ruling issued 20 May 2026, the court found the surcharge overstepped
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US: Trump Administration adjusts steel, aluminium tariffs in new proclamation
US President Donald Trump signed a proclamation revising his Section 232 national security tariffs on steel, aluminium, and copper imports on 1 June 2026. The changes lower rates on certain derivative products while introducing new restrictions
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US: Trump Administration imposes tariffs on 60 economies over forced labour violations
The Trump administration announced substantial new tariffs on Tuesday, 3 June 2026, targeting 60 trading partners deemed inadequate in combating forced labour in their supply chains. The move escalates trade tensions as the administration rebuilds
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Argentina to phase out export taxes on key industrial sectors
Argentina will gradually eliminate export taxes on several industrial sectors over the next 12 months starting in July 2026, according to the economy ministry. Export duties on automotive, petrochemical, chemical, rubber and machinery
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EU, Mexico sign Modernised Global Agreement (MGA) and interim Trade Agreement (iTA)
The EU and Mexico have taken a major step forward in their partnership by signing the Modernised Global Agreement (MGA) and interim Trade Agreement (iTA) on 22 May 2026 At the 8th EU-Mexico Summit in Mexico City, both sides agreed to deepen their
See MoreUS: Commerce Department sets application framework for pharmaceuticals onshoring tariff exemptions
The Industry and Security Bureau of the US Department of Commerce has published a notice in the Federal Register concerning the Procedures to Apply for Company-Specific Onshoring Agreements to Obtain Tariff Adjustments for Pharmaceuticals and
See MoreEU finalises trade deal with US under Trump’s July deadline threat
The European Union reached a provisional agreement on Wednesday, 20 May 2026, to eliminate import duties on US goods, moving to avert threatened American tariffs after months of tense negotiations. European Commission President Ursula von der
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Bitcoin 2026: Regulators, lawmakers reshape Bitcoin’s legal landscape
Bitcoin 2026, the world's largest annual gathering of the Bitcoin community, wrapped up its three-day run at the Venetian Resort in Las Vegas with a series of landmark regulatory and legislative developments that industry participants say could
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US, China explore managed trade framework to ease tariff tensions
The US and China are moving toward a new approach in their trade relationship, with both nations expected to identify approximately USD 30 billion worth of goods for potential tariff reductions. A new pragmatic strategy US Trade Representative
See MoreUS: Appeals Court grants temporary stay on ruling against Trump’s global tariffs
The US Court of Appeals for the Federal Circuit issued a short-term administrative stay on 12 May 2026, temporarily halting injunctions against the Trump administration's 10% global tariff that was imposed under Section 122 of the Trade Act of
See MoreEU faces Chinese WTO challenge over EV tariffs, USTR announces similar measures
According to a post by the United States Trade Representative (USTR), China initiated formal proceedings at the World Trade Organisation (WTO) on 4 November 2024, challenging the European Union's imposition of definitive countervailing duties on
See MoreUS: USTR launches new four-year review of China IP, technology transfer practices
The Office of the United States Trade Representative (USTR) has announced the initiation of the second four-year review of the tariff measures imposed under the Section 301 investigation into China’s acts, policies, and practices concerning
See MoreChina expands economic security powers with new supply chain regulations
China has introduced sweeping regulations to bolster its economic defences and counter what it views as foreign overreach, marking a significant escalation in tools available for US-China competition. New supply chain controls target foreign
See MoreTrump Administration’s trade strategy marks shift in US approach to China
President Donald Trump's upcoming summit with Chinese President Xi Jinping in Beijing on 14-15 May 2026 is expected to introduce a fundamental change in how the US manages its economic relationship with China. The proposed Board of Trade
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Indonesia plans export duties and windfall tax on coal, nickel sectors
Indonesia is preparing to introduce export duties and a windfall tax on its coal and nickel sectors to help offset growing subsidy costs in the national budget, Finance Minister Purbaya Yudhi Sadewa announced on 4 May 2026. The minister explained
See MoreUS: Trade Court rules Trump’s temporary tariffs illegal
A US trade court has ruled against President Donald Trump's 10% temporary global tariffs, declaring them unlawful under a 1970s trade statute. However, the decision only blocks the duties for three specific parties, leaving them in effect for most
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Wall Street’s arrival at Bitcoin 2026: Bitcoin’s entrance into corporate treasury
If 2024 was the year Bitcoin discovered politics when then-candidate President Donald Trump gave the keynote address, 2026 was the year Wall Street declared total victory. Walking through The Venetian, the 40,000-strong crowd felt less like a
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