Bangladesh to seek duty-free access for exports to US
Bangladesh plans to ask the US for duty-free access for its key exports during meetings in Washington from 21-25 April 2025, held alongside the World Bank and IMF Spring gatherings. Although the US offers zero tariffs on many products, most
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China cautions countries signing trade deals favouring the US
China has cautioned nations on Monday, 21 April 2025, that are affected by US President Donald Trump’s “reciprocal tariffs” that it will strongly oppose any party attempting to strike trade deals with the US at its expense. The warning
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Canada introduces relief for businesses hit by US tariffs
Canada’s Department of Finance has unveiled new support measures on 15 April 2025 aimed at assisting Canadian businesses impacted by tariffs imposed by both the US and Canada. The measures were announced by Minister of Finance, François-Philippe
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Brazil retaliates with economic reciprocity law against US tariffs
Brazil’s government has published and enacted Law No. 15.122 of 11 April 2025 in the Official Gazette on 14 April 2025. This legislation, also known as the “Economic Reciprocity Law, enables Brazil to impose import duties and suspend trade
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US: California sues Trump administration over tariffs
California Governor Gavin Newsom and California Attorney General Rob announced that they have filed a lawsuit in federal court, challenging the tariffs imposed by the Trump Administration on 16 April 2025. In the lawsuit, Governor Newsom and
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US: Trump administration advances plans to impose semiconductor tariffs
US President Donald Trump has moved forward with plans to impose tariffs on semiconductors and pharmaceutical products. His administration has announced investigations into the national security risks associated with importing goods such as
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US: Trump administration plans to impose 245% tariff on China
The tariff wars between two of the world's largest economies, the US and China, show no signs of slowing down. In the latest move, the Trump Administration said that China could face tariffs as high as 245% in response to its retaliatory measures.
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European Commission provides clarity on suspension of trade countermeasures against the US
The European Commission has published a statement on 14 April 2025 providing details on the decision to suspend trade countermeasures against the United States. The pause was first announced by EU Commission President Ursula von der Leyen last
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UN urges US to exempt vulnerable nations from reciprocal tariffs
The UN Trade and Development (UNCTAD) has urged the US to exempt vulnerable developing economies from reciprocal tariffs on 14 April 2025. A recent report found that these tariffs would do little to reduce US trade deficits or generate
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US: Trump administration grants reciprocal tariff exceptions for smartphones, computers, and electronics from China
The Trump Administration released a memorandum titled “Clarification of Exceptions Under Executive Order 14257 of April 2, 2025, as Amended” on 11 April 2025. The clarification broadens the reciprocal tariff exception for "semiconductors" to
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EU pauses counter trade measures against US
The European Commission announced on 9 April 2025 that its proposal to implement trade countermeasures against the US had received approval from EU Member States. The Commission's proposal was made in response to the US decision in March to
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Canada: Countermeasures against auto imports from the US enters into force
Canada’s finance minister François-Philippe Champagne confirmed on 8 April 2025 that Canada’s new countermeasures, announced on 2 April 2025, in response to the unjustified tariffs imposed by the US on the Canadian auto industry came into force
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US: Trump pauses tariffs for 90 days for all countries, hits China harder with 125%
US President Donald Trump announced a three-month suspension of all “reciprocal” tariffs that took effect on 9 April 2025, excluding those applied to China. The sweeping tariffs will remain for China, the world’s second largest economy and
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US imposes 104% tariffs on Chinese imports, China retaliates with 84%
US President Donald Trump's "reciprocal" tariffs on numerous countries, including a steep 104% duties on Chinese goods, officially took effect today, 9 April 2025. In response, China is raising its tariff on the United States to 84%, up from 34%,
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Canada announces new countermeasures to US tariffs
Canada’s Government has published a statement on 3 April 2025 outlining new countermeasures in response to the tariffs introduced by the US President Donald Trump on 2 April 2025. The statement claims that the United States administration
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China responds with additional tariffs on imports from US
China's Ministry of Finance announced the implementation of additional tariffs as a direct response to the reciprocal tariffs previously imposed by the Trump Administration on 4 April 2025. “This practice of the US is not in line with
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US: USTR details reciprocal tariff calculation formula
The Office of the United States Trade Representative (USTR) has released a detailed explanation outlining the methodology behind the reciprocal tariff calculations announced by President Donald Trump on 2 April 2024. This includes a 10% baseline
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US: Trump introduces ‘reciprocal tariffs’, rattles global trade relations
Appearing in the White House Rose Garden, where large US flags were draped along the colonnades, President Trump signed an executive order implementing a 10% baseline tariff on imports from all countries on Wednesday, 2 April 2025. The move is
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