US: Trump to imposes tariffs on Iran’s trade partners
Alongside military considerations, Trump has moved to sharply increase economic pressure on Iran. He announced on Monday, 12 January 2026, the immediate imposition of a 25% tariff on any country doing business with Iran, a step that could
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US: Supreme Court to determine fate of Trump’s sweeping global tariffs on 14 January
The US Supreme Court is expected to deliver its latest round of decisions on 14 January 2026 on the legality of President Donald Trump’s global tariff policy. The court noted that its rulings may be announced when the justices convene for their
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Thailand revises duty exemption rules for low value goods
Thailand’s Customs Department has issued Customs Department Announcement No. 219/2568 in the Royal Gazette on 11 December 2025, revising the criteria for imports eligible for exemption from customs duty. The changes will significantly narrow
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Taiwan: Taipei Customs to grant goods tax exemption on imported sugar-free beverages with documentation from January 2016
Taiwan’s tax authority, Taipei Customs, announced on 7 January 2026 that the Commodity Tax Act has been amended and passed, exempting sugar-free beverages from commodity tax, effective 1 January 2026. To facilitate compliance by both tax
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US: Trump Administration postpones tariff hike on furniture, kitchen cabinets
The Trump Administration has postponed the planned 2026 tariff hikes on upholstered furniture and kitchen cabinets to 1 January 2027, according to a proclamation issued on 31 December 2025. This follows the Trump Administration’s earlier
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US sets initial zero-rate tariffs on Chinese semiconductors
The Office of the United States Trade Representative (US Trade Representative) has issued a Notice of Action titled “China’s Acts, Policies, and Practices Related to the Targeting of the Semiconductor Industry for Dominance,” which was
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WTO: Updated Global Trade Outlook
The October 2025 update of the Global Trade Outlook and Statistics noted that the WTO forecast for world merchandise trade volume growth in 2025 has risen to 2.4% (which is higher than the estimate of 0.9% in the interim outlook in August) 2025.
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China imposes tariffs on EU dairy imports, heightens trade tensions
China will impose provisional duties ranging from 21.9% to 42.7% on dairy products imported from the European Union, with most exporters facing rates just under 30%. The measures, effective from 23 December 2025, apply to products such as
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Taiwan: Keelung Customs warns importers to declare genuine value, invoices submission
The Keelung Customs Office has urged importers to honestly declare the transaction prices of imported goods and provide authentic invoices to avoid penalties. The warning follows several recent cases in which importers were found to have
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Taiwan: MoF launches anti-dumping probe on imported electromagnetic steel from Korea (Rep.), China
The Ministry of Finance announced an anti-dumping investigation into cold-rolled flat-rolled non-directional electromagnetic steel imported from Korea (Rep.) and mainland China on 15 December 2025. The Customs Administration of the Ministry of
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EU introduces tariffs on low-value e-commerce packages
The EU’s Economic and Financial Affairs Council (ECOFIN) met in Brussels on 12 December 2025, where EU finance ministers discussed financial market integration, simpler regulation, and economic governance. At the ECOFIN meeting, EU finance
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US to introduce gradual tariffs on Nicaragua following labour rights violations
The US will introduce new tariffs on selected Nicaraguan imports starting 1 January 2026, citing ongoing labour and human rights issues. According to the US Trade Representative (USTR), the duties will be phased in gradually, rising to 10% in
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Italy to impose duties on non-EU parcels, increase financial transaction taxes
Italy is preparing several new tax measures to boost revenue and protect local industries. A EUR 2 levy on small non-EU parcels, aimed at platforms like Shein and Temu, will apply to packages worth up to EUR 150 and is expected to raise over EUR
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Taiwan seeks reduction in US tariffs
Taiwan is seeking to lower tariffs on its exports to the US from 20% to 15%, as trade negotiations between the two sides near completion, officials said on 1 December 2025. Taiwan’s top trade negotiator, Jenni Yang, said the talks follow the
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US maintains tariff exemptions on select Chinese industrial products
The US has announced a one-year extension of tariff exemptions on certain Chinese industrial and medical goods, including equipment used to produce solar-energy products, following a recent US-China trade agreement. These exemptions, originally
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US, UK strike agreement for tariff free pharmaceuticals
The US and the UK reached an agreement on 1 December 2025 that eliminates tariffs on British pharmaceutical products and medical technology. In exchange, the UK has committed to increasing its spending on medicines and reforming how it determines
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US reduces tariffs on Korea (Rep.) vehicles to 15%
The US will reduce import duties on Korea (Rep.) automobiles to 15%, retroactive to 1 November, aligning with the tariffs applied to Japan and the EU, Commerce Secretary Howard Lutnick announced on 2 December 2025. The measure follows last
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Taiwan: MoF imposes anti-dumping duties on Chinese beer, steel
Taiwan’s Ministry of Finance (MoF) announced on 27 November 2025 that it will impose anti-dumping duties on beer and certain hot-rolled flat steel products imported from China. The duties, retroactive to 3 July 2025, will remain in effect for five
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