China publishes 2026 import and export tariff schedule
The Customs Tariff Commission of the State Council has published China’s revised import and export tariff rates for 2026. The updated tariffs were issued on 31 December 2025 and apply from 1 January 2026. The Import and Export Tariff
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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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World Bank: Impact of non-tariff measures on global trade
A World Bank research paper with the title It’s Not (Just) the Tariffs: Rethinking Non-Tariff Measures in a Fragmented Global Economy, by D. Taglioni and H. Kee, was published on 22 October 2025. The research paper looks at the impact of
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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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Russia, Indonesia sign free trade agreement
On 21 December 2025, during a meeting of the Supreme Eurasian Economic Council in Saint Petersburg, representatives from Russia and Indonesia signed a Free Trade Agreement (FTA). This announcement was made on 21 December 2025. The FTA provides
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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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US to reduce Swiss tariffs under new trade deal
The US will reduce tariffs on Swiss goods from 39% to 15% under a new trade framework, the Swiss government announced today. The agreement also includes a commitment by Swiss companies to invest USD 200 billion in the US by 2028. The framework
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Mexico: Senate approves tariffs of up to 50% on Asian imports
Mexico’s Senate has approved tariffs of up to 50% on more than 1,400 products from countries without free trade agreements, including China, India, South Korea, Thailand, and Indonesia. The increases, effective 1 January 2026, target goods such
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