US: Trump Administration signals doubt over North American trade renewal
President Donald Trump has indicated the US may not renew the United States–Mexico–Canada (USMCA) Agreement, citing trade imbalances and stating that neither Canada nor Mexico offers goods America cannot obtain elsewhere. Despite these comments,
See More
EU issues implementing regulation introducing interim flat-rate customs duty on low-value parcels
The EU has published the Commission Implementing Regulation (EU) 2026/1200 of 5 June 2026, which has been published in the Official Journal of the European Union, setting out measures to introduce an interim flat-rate customs duty of EUR 3 on goods
See More
Bangladesh to introduce major tax relief package to boost investment, to reduce AIT and VAT across various sectors
The Bangladesh government is preparing sweeping tax cuts across multiple sectors in its upcoming 2026-27 budget, designed to make Bangladesh a more attractive investment destination. The push includes reduced advance income tax (AIT) rates, slashed
See More
Netherlands, Peru sign customs mutual assistance agreement
Peru’s Ministry of Foreign Affairs has announced that officials from the Netherlands and Peru signed an Agreement on Mutual Administrative Assistance in Customs Matters on 4 June 2026. The agreement will facilitate the exchange of information
See MoreUS consults scope, operation of mechanism to promote balanced and reciprocal trade with China
The Office of the United States Trade Representative (USTR) announced a public consultation on 2 June 2026 regarding the development of a new government-to-government mechanism—a US-China Board of Trade—intended to manage bilateral trade between
See More
US: USTR proposes action following forced labour investigation
The United States Trade Representative (USTR) released its findings and proposed measures on 2 June 2026 following the Section 301 investigations launched in March 2026 into 60 countries and economies to assess whether foreign governments have taken
See More
Canada to extend steel, aluminium tariff measures to support businesses
Canada’s Minister of Finance and National Revenue has announced, on 3 June 2026, that the government will be extending key steel and aluminium tariff measures for one year. Subject to approval by the Governor in Council, Canada will extend its
See MoreUS: Trump Administration unveils 25% Brazil tariff over trade grievances
The Trump administration announced a new punitive tariff of 25% on numerous Brazilian imports on Monday, 1 June 2026, citing unfair trade practices spanning digital commerce, intellectual property rights, and environmental protection. US Trade
See MoreUS: Tariffs to remain as Trump Administration reframes USMCA trade deal
The Trump administration is pressing ahead with its tariff-first approach to trade with North American neighbours, according to US Trade Representative (USTR) Jamieson Greer. Speaking at the Council on Foreign Relations on Tuesday, 26 May 2026,
See More
US, Mexico square off over automotive content in USMCA overhaul
The US and Mexico have launched formal bilateral negotiations to restructure the six-year-old US-Mexico-Canada Agreement (USMCA), with Washington pushing for stricter regional content rules—most notably, a new US-specific minimum threshold for
See More
South Africa: SARS updates VDP guide to reflect customs framework, court ruling
The South African Revenue Service (SARS) has issued an updated guide to the Voluntary Disclosure Programme (VDP), replacing the previous version published in August 2023 and incorporating recent legislative amendments and court rulings. The
See More
US: Trade Court blocks 10% import surcharge, rejects government stay
The US Court of International Trade (CIT) has refused to suspend enforcement of a judgment striking down President Trump's 10% temporary import surcharge. In a decisive ruling issued 20 May 2026, the court found the surcharge overstepped
See MoreUS: Trump Administration adjusts steel, aluminium tariffs in new proclamation
US President Donald Trump signed a proclamation revising his Section 232 national security tariffs on steel, aluminium, and copper imports on 1 June 2026. The changes lower rates on certain derivative products while introducing new restrictions
See MoreUS: Trump Administration imposes tariffs on 60 economies over forced labour violations
The Trump administration announced substantial new tariffs on Tuesday, 3 June 2026, targeting 60 trading partners deemed inadequate in combating forced labour in their supply chains. The move escalates trade tensions as the administration rebuilds
See More
Argentina to phase out export taxes on key industrial sectors
Argentina will gradually eliminate export taxes on several industrial sectors over the next 12 months starting in July 2026, according to the economy ministry. Export duties on automotive, petrochemical, chemical, rubber and machinery
See MoreEU, Mexico sign Modernised Global Agreement (MGA) and interim Trade Agreement (iTA)
The EU and Mexico have taken a major step forward in their partnership by signing the Modernised Global Agreement (MGA) and interim Trade Agreement (iTA) on 22 May 2026 At the 8th EU-Mexico Summit in Mexico City, both sides agreed to deepen their
See MoreUS: Commerce Department sets application framework for pharmaceuticals onshoring tariff exemptions
The Industry and Security Bureau of the US Department of Commerce has published a notice in the Federal Register concerning the Procedures to Apply for Company-Specific Onshoring Agreements to Obtain Tariff Adjustments for Pharmaceuticals and
See MoreEU finalises trade deal with US under Trump’s July deadline threat
The European Union reached a provisional agreement on Wednesday, 20 May 2026, to eliminate import duties on US goods, moving to avert threatened American tariffs after months of tense negotiations. European Commission President Ursula von der
See More