Canada expands steel quotas, imposes surtax on Chinese imports amid rising global tariffs
Canada is implementing various trade defences, which include a CAD 1 billion investment in the industry, CAD 70 million in worker retraining, enhanced financing, tightened procurement, and the launch of a CAD 500 million fund to support the
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EU halts retaliatory tariffs on US imports until 6 August ‘25
This follows EU's warning on 14 July 2025 that it may implement countermeasures if ongoing trade negotiations with the US fail to prevent the imposition of 30% tariffs scheduled to begin on 1 August. The European Union has decided to halt the
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US: Trump imposes 19% tariff on Indonesia after trade talks
The trade agreement imposes stricter penalties for transhipment and Indonesia’s commitment to purchasing 50 Boeing jets and USD 19.5 billion in US energy and agricultural products. US President Donald Trump announced a 19% tariff on Indonesian
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US imposes 17% tariff on Mexico tomato imports
The 17% duty on Mexican tomatoes was imposed after the US withdrew from a 2019 agreement that suspended an antidumping investigation on Mexican tomatoes. The Trump administration announced a 17% duty on Mexican fresh tomato imports on 14 July
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US: Trump to impose higher tariffs on major trading partners including Canada, EU, Mexico starting August ’25
Trump announced 35% tariffs on Canadian imports, 30% on imports from Mexico and the EU, and 20% to 50% tariffs on 23 other trading partners, including Japan and Brazil. US President Donald Trump announced a 35% tariff on Canadian imports and
See MoreUS: Trump imposes 50% tariffs on copper imports starting August
The decision follows a Section 232 investigation, which concluded that protecting domestic copper production is crucial for industries such as defence, electronics, and automobiles. US President Donald Trump announced a 50% tariff on US copper
See MoreUS: Trump considering imposing 50% tariff on copper imports
The tariffs are expected to take effect by late July or 1 August 2025, with Chile, Canada, and Mexico being impacted the most by the increases. US President Donald Trump announced plans for a 50% tariff on copper imports during a White House
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Malaysia imposes anti-dumping duties on iron and steel from China, South Korea, and Vietnam
Import duties ranging from 3.86% to 57.90% are imposed on galvanized iron and steel coils or sheets from these countries. Malaysia’s Ministry of Trade and Industry has announced provisional anti-dumping duties on certain iron and steel imports
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US: Reciprocal tariffs on imports from 14 countries set to take effect starting August ’25
The US plans to impose ad valorem tariffs of 25%-40%. US President Donald Trump announced yesterday, 7 July 2025, that new tariffs on imports from 14 countries are set to take effect on 1 August 2025. The ad valorem rates vary by country:
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China imposes medical device import restrictions in response to EU ban
China has announced restrictions on government purchases of EU medical devices worth over CNY 45 million. China's finance ministry has announced restrictions on government purchases of EU medical devices worth over CNY 45 million (USD 6.3
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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
See MoreCanada 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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