Indonesia proposes tariff cuts, USD 500m wheat purchase in talks with US
Indonesia has proposed reducing import duties on US goods to nearly zero and committing to purchasing USD 500 million worth of US wheat in ongoing tariff negotiations. Indonesia's Coordinating Minister for Economic Affairs, Airlangga Hartarto,
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Thailand proposes US trade deal to avert 36% tariffs
Thailand proposed to reduce its USD 46 billion trade surplus and increase imports of American goods before a 9 July deadline. Thailand has proposed a trade deal to the US to avoid a 36% tariff on its exports, aiming for a lower rate of
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Australia: PM expects 10% US tariff to remain
Australia will continue to face 10% US export tariffs but will continue negotiating for an exemption. Australia’s Prime Minister Anthony Albanese said, on 4 July 2025, that the country is likely to remain subject to a 10% tariff on all exports
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Canada seeks resolution in US steel and aluminium tariff dispute
Canada stays open to de-escalation but keeps tariff options on the table as PM Mark Carney and President Trump discuss resolving the steel and aluminium trade dispute. Canada remains open to de-escalation but is keeping tariff options available
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UK-US agreement on reduced car and aerospace tariffs now in force
A UK-US trade agreement reducing tariffs on British car and aerospace exports is now in effect, with steel and aluminium duty discussions ongoing. According to statements from the UK government, a trade agreement between the US and the UK, aimed
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Canada withdraws 3% digital services tax to revive US trade talks
Canada canceled its planned 3% digital services tax on US tech firms to revive stalled trade talks between Prime Minister Mark Carney and President Donald Trump. According to Canada's finance ministry, Canada scrapped its 3% digital services tax
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Vietnam nears US trade deal ahead of tariff deadline
Vietnam seeks to finalise a US trade deal by 9 July 2025 to avoid tariffs while balancing relations with the US and China. Vietnamese Prime Minister Pham Minh Chinh said on 26 June 2025 that Vietnam is close to finalising a trade deal with
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US: Supreme Court declines to expedite trump tariffs case
The US Supreme Court declined to fast-track the case challenging Trump's use of tariff powers under the IEEPA. The US Supreme Court has declined a request on 20 June 2025, to fast-track the case challenging President Donald Trump's extensive use
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Canada revises aluminium and steel tariffs, introduces steel quotas amid US trade pressure
Canada will adjust counter-tariffs on US aluminium and steel imports from 21 July 2025 to protect its industry. Tariff-rate quotas on non-FTA steel imports, set at 2024 levels, will be applied retroactively and reviewed after 30 days to prevent
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Strait of Hormuz in spotlight: Oil prices surge five-month highs after US bombs Iran
Iran is the world's ninth-largest oil producer. The escalation of conflict now threatens vital supply routes, particularly the Strait of Hormuz through which roughly 20% of the world’s oil and gas passes. Markets are bracing for further
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Thailand proposes trade plan to avert US tariffs
It is expected that both countries might agree on tariffs as low as 10%. Thailand held trade talks with the US on 18 June 2025 and will submit a proposal on Friday, 20 June 2025, because possible tariffs on its exports to the US have lowered
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Canada: Carney considers imposing more duties on US steel, aluminium
This follows after US President Trump announced on 30 May 2025, that tariffs on Canadian steel and aluminium imports will increase from 25% to 50%. Canada’s Prime Minister Mark Carney, on 19 June 2025, cautioned that his government may impose
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US, Canada agrees to finalise trade deal within 30 days
The US and Canada agreed to finalise a trade deal within 30 days to resolve issues caused by tariffs and countermeasures. The US President Donald Trump and Canada's Prime Minister Mark Carney agreed this week to finalise a trade deal within 30
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US: Trump Administration finalises US-UK economic prosperity deal
The fact sheet details the executive order signed the previous day to implement the US-UK Economic Prosperity Deal. The Trump Administration released a Fact Sheet on 17 June 2025, detailing the executive order signed the previous day titled
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Uganda presents 2025–26 budget, proposes income tax exemption for start-ups
Uganda's Ministry of Finance unveiled a UGX 72.136 trillion national budget for 2025-26. Uganda’s Ministry of Finance Planning and Economic Development has unveiled a UGX 72.136 trillion national budget for the 2025-26 financial year on 12
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Canada extends tariff exemptions on Ukraine imports for one year
Canada has extended its tariff-free policy for Ukrainian imports for another year, keeping Ukrainian goods free from customs duties until 9 June 2026. Canada’s Department of Finance announced on 6 June 2025 that it will continue to support
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US Appeals Court upholds stay on ruling on Trump tariffs
The US federal appeals court has upheld President Donald Trump's tariffs while reviewing a lower court's decision that claimed Trump exceeded his authority in imposing them. The US federal appeals court on Tuesday, 10 June 2025, upheld the
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US extends Section 301 tariff exemptions on Chinese imports through August 2025
The USTR has extended certain product exclusions from Section 301 tariffs on Chinese imports until 31 August 2025. The Office of the US Trade Representative (USTR) has announced an extension of specific product exclusions from Section 301 tariffs
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