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
See More
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
See More
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
See More
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
See More
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
See More
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
See More
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
See More
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
See More
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
See More
UK to maintain duty-free access for Bangladeshi exports until 2029
The UK will continue to allow Bangladeshi products to enter its market duty-free until 2029, British High Commissioner to Dhaka Sarah Cook announced. She made the statement during the HSBC Export Excellence Award 2025 event on 7 December in
See More
Taiwan seeks reduction in US tariffs
Taiwan is seeking to lower tariffs on its exports to the US from 20% to 15%, as trade negotiations between the two sides near completion, officials said on 1 December 2025. Taiwan’s top trade negotiator, Jenni Yang, said the talks follow the
See More
India: Government introduces excise bills to replace GST compensation cess on ‘sin goods’
India’s government introduced two tax bills in Parliament on 1 December 2025 aimed at overhauling levies on ‘sin goods’ such as tobacco, pan masala, and other similar products ahead of next year’s phase-out of the Goods and Services Tax
See More
UK: Secretary of State approves anti-dumping duties on Chinese biodiesel
The UK’s Secretary of State has approved the Trade Remedies Authority’s (TRA) final recommendation to impose a new anti-dumping duty on biodiesel imports from China on 24 November 2025. This announcement was made on 25 November 2025. The
See More
US maintains tariff exemptions on select Chinese industrial products
The US has announced a one-year extension of tariff exemptions on certain Chinese industrial and medical goods, including equipment used to produce solar-energy products, following a recent US-China trade agreement. These exemptions, originally
See More
US, UK strike agreement for tariff free pharmaceuticals
The US and the UK reached an agreement on 1 December 2025 that eliminates tariffs on British pharmaceutical products and medical technology. In exchange, the UK has committed to increasing its spending on medicines and reforming how it determines
See More
US reduces tariffs on Korea (Rep.) vehicles to 15%
The US will reduce import duties on Korea (Rep.) automobiles to 15%, retroactive to 1 November, aligning with the tariffs applied to Japan and the EU, Commerce Secretary Howard Lutnick announced on 2 December 2025. The measure follows last
See More
Taiwan: MoF imposes anti-dumping duties on Chinese beer, steel
Taiwan’s Ministry of Finance (MoF) announced on 27 November 2025 that it will impose anti-dumping duties on beer and certain hot-rolled flat steel products imported from China. The duties, retroactive to 3 July 2025, will remain in effect for five
See More
Argentina expands use of signed document as customs guarantee across import, export regimes
The Argentine government has issued a decree extending the use of a signed document as a valid guarantee for both import and export procedures, including definitive and suspensive regimes. The measure, effective upon publication in the Official
See More