Korea (Rep.), Vietnam agree to strengthen economic cooperation
South Korea and Vietnam have agreed to deepen economic and strategic cooperation, targeting USD 150 billion in bilateral trade by 2030. Korea (Rep.) and Vietnam have agreed to enhance economic and strategic cooperation amid increasing global
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Switzerland to face 39% tariff as trade talks with the US falter
Switzerland faces 39% US tariffs on exports starting 7 August 2025. Switzerland is likely to face 39% US tariffs on its exports after the country’s President Karin Keller-Sutter failed to secure a trade deal with the US, which is set to take
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US implements tariffs on one-kilo gold bars
The US has imposed tariffs on imports of one-kilo gold bars, potentially affecting Switzerland. According to the Financial Times report on 7 August 2025, the US has imposed tariffs on imports of one-kilogram gold bars, citing a July 31 letter
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US to levy 100% tariffs on imported semiconductors, exempts local manufacturers
President Donald Trump announced a 100% tariff on imported semiconductors, exempting companies manufacturing or planning to manufacture chips in the US. US President Donald Trump announced a 100% tariff on imported semiconductors on 6 August
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Korea (Rep.): Chipmakers Samsung and SK Hynix excluded from 100% US tariffs
Chip manufacturers Samsung and SK Hynix will be exempted from 100% US tariffs due to local investments and MFN trade status. Korea ( Rep.) semiconductor giants Samsung Electronics and SK Hynix are set to avoid the 100% tariffs on chip imports
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US: Trump considers more China tariffs over Russian oil trade, cites India’s example
Trump has doubled tariffs on Indian imports to 50% over its continued Russian oil purchases and warned of further secondary sanctions, while giving China until 12 August to finalise a tariff deal. US President Donald Trump hinted on 6 August 2025
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US: Trump administration to levy modest tariff on pharmaceutical imports
The Trump administration is reviewing the pharmaceutical sector for national security, with potential tariffs starting at 25% but capped at 15% under an EU agreement, despite Trump’s earlier mention of rates up to 200%. US President Donald
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EU halts trade countermeasures following US agreement
The suspension is effective from today, 6 August 2025. The European Union has published Commission Implementing Regulation (EU) 2025/1727 of 5 August 2025 in the Official Journal of the European Union on 5 August 2025, which suspends the
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US imposes 50% tariffs on India for Russian oil trade
President Trump imposed an additional 25% tariff on top of the existing 25% tariff on Indian goods, citing India’s high tariffs, trade barriers, ties with Russia, and imports of Russian oil. US President Donald Trump issued an executive order
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Switzerland signals willingness to revise US offer in response to heavy tariffs
Switzerland plans to revise its trade offer following the US announcement of 39% import tariffs amid rising economic concerns. The Swiss government is preparing to revise its offer to the US following the announcement of 39% import tariffs set
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Taiwan confirms temporary 20% US tariff, highlights ongoing chip tariff talks
Taiwan President Lai Ching-te said the new 20% US tariff on Taiwanese imports is "temporary” and plans to negotiate for a lower rate. Taiwan President Lai Ching-te stated that the U.S. government’s new 20% tariff on Taiwanese imports,
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US cuts tariff on Bangladeshi imports to 20%
The US has lowered its tariff on imports from Bangladesh to 20%, down from the previous steep rate of 35%. The US has reduced its reciprocal tariff rate on imports from Bangladesh to 20%, down from the previous 35%, following intense final
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Australia anticipates export boost as Trump maintains 10% US tariff rate
Australia expects a boost in exports to the US following President Trump's decision to keep a 10% minimum tariff. Australia’s Trade Minister Don Farrell said Australian products may become more competitive in the US market, aiding export
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US: Trump raises tariff on Canada to 35%
Goods transshipped to evade the 35% tariff will be subject, instead, to a transshipment tariff of 40%. US President Donald Trump signed an executive order on 31 August 2025, raising tariffs on Canadian goods from 25% to 35% for products not
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US: Trump administration imposes 10%–41% reciprocal tariffs on multiple countries
The development follows Trump’s warning that countries failing to reach a trade deal with the US by 1 August would face higher export tariffs. US President Donald Trump signed an executive order on 31 July 2025, imposing high tariffs on exports
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US announces 25% tariff on India, cites trade barriers and Russian ties
The new tariffs will enter into force on 1 August 2025. The Trump Administration will impose 25% tariffs on Indian imports, citing India's high tariffs, trade barriers and ongoing defence and energy ties with Russia. US President Donald Trump
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US: Trump to set 15% tariff on South Korean imports under new trade deal
President Trump announced a reduced 15% tariff on South Korean imports, down from a planned 25%, as part of a new trade deal. US President Donald Trump announced a reduced 15% tariff on imports from South Korea on 30 July 2025, down from the
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US: Trump administration imposes 50% tariffs on Brazilian imports
The new tariffs will take effect on 6 August 2025. US President Donald Trump imposed 50% tariffs on most Brazilian imports on 30 July 2025. However, key sectors like aircraft, energy, orange juice, pig iron, and fertilisers will be
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