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
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US: 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
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Trump 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
See MoreChina sets 0% tariffs on imports from Canada, 20 African countries
China introduced 0% tariffs on imports from 20 African countries for two years, from 1 May 2026 to 30 April 2028, under Customs Tariff Commission Announcement No. 5 of 2026. The countries include Algeria, Botswana, Cape Verde, Cameroon, Republic
See MoreUS confirms 25% tariff on EU car imports as trade tensions escalate
The US is proceeding with plans to increase tariffs on European Union automobile imports to 25%, US Trade Representative Jamieson Greer confirmed during an interview with CNBC Monday, 4 May 2026. Greer said he had discussions with EU and German
See MoreUS: Trump tariff refunds to begin mid-May following Supreme Court ruling
American businesses and importers will begin receiving refunds from tariffs declared unconstitutional by the Supreme Court as early as 12 May 2026, according to US Customs and Border Protection (CBP). The federal agency announced on Monday, 4 May
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Turkey raises participation exemption, export service deduction rates
Turkey’s Revenue Administration has announced the publication of Presidential Decision No. 11257 in the Official Gazette on 30 April 2026, introducing amendments to participation exemption rules for foreign earnings and increasing deduction rates
See MoreUS: Trump Administration to raise EU auto tariffs to 25% amid trade deal dispute
US President Donald Trump announced on Friday, 1 May 2026, that he will increase tariffs on European Union automobiles and trucks to 25% next week, up from the previously agreed 15%, citing the bloc's failure to comply with their bilateral trade
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France adopts new Customs Code, effective from May 2026
France’s Ministry of Action and Public Accounts has adopted a new Customs Code through Ordinance No. 2026-265 of 8 April 2026, following a comprehensive recodification of customs legislation. The regulatory part of the Code has also been published
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UK sets out economic response to Middle East conflict, outlines energy and tax measures
The UK HM Treasury has issued a statement delivered to Parliament by the Chancellor of the Exchequer, Rachel Reeves, setting out the Government’s economic response to the conflict in the Middle East, including a series of tax-related and energy
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South Africa releases customs tariff amendment details for 2026
South Africa has released publication details for tariff amendments notice R7389 under the Customs and Excise Act, 1964, as set out in Government Gazette 54572. The notice, published on 23 April 2026, provides the formal framework for amendments
See MoreUS: Trump pledges to ‘remember’ companies skipping tariff refunds
President Donald Trump said he will take note of companies that choose not to claim refunds on tariffs recently ruled illegal by the Supreme Court, hinting at potential future benefits for those who abstain. Speaking to CNBC on Tuesday, 21 April
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