US: Trump warns of additional tariffs on nations imposing digital taxes
President Donald Trump warned that countries maintaining digital taxes on major US tech firms such as Google and Amazon would face additional tariffs. US President Donald Trump has threatened countries with additional tariffs if they do not
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India defends trade negotiations as US tariffs loom
India’s Foreign Minister says trade talks with the US are continuing, but New Delhi will defend key “redlines” as additional tariffs of up to 50%. India’s Foreign Minister Subrahmanyam Jaishankar stated on 23 August 2025 that trade
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US: Trump administration launches tariff review on furniture imports
This investigation mirrors previous probes into various industries like wind turbines, semiconductors, and critical minerals, all citing national security concerns under Section 232. President Donald Trump has announced, on Truth Social, a
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Canada to exempt retaliatory tariffs on US imports under CUSMA
Canada’s government decision to abolish all tariffs on US goods under CUSMA will take effect on 1 September 2025. Canada’s Prime Minister Mark Carney announced on 22 August 2025 that Canada will eliminate tariffs on US goods covered under the
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US, EU reaches agreement on a framework for trade deal
This joint statement is aimed at solidifying the US-EU commitment to equitable trade and investment, strengthening one of the world’s most significant economic relationships, and driving reindustrialisation. The Trump Administration announced
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US: Commerce Department expands steel and aluminium tariffs to include 407 more products
The steel and aluminum used in these products will be subject to a 50% duty rate. The US Department of Commerce’s Bureau of Industry and Security has expanded the steel and aluminium tariffs to include 407 additional product categories covered
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India plans to slash GST rates
India to cut consumption tax by October, introducing a two-tier GST system of 5% and 18%, affecting most items in the current 12% slab. India’s government will reduce consumption tax by October, introducing a two-tier GST system of 5% and 18%,
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Brazil unveils Sovereign Plan to shield exports from US tariffs
Brazil’s Sovereign Brazil Plan introduces measures including BRL 30 billion in affordable credit, extended export compliance deadlines, and increased REINTEGRA refund rates to protect exporters, preserve jobs, attract investment, and support
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Venezuela prolongs state of economic emergency amid US tariff concerns
The state of emergency is set to remain in effect for 60 days, with the option to extend it for an additional 60 days. Venezuela published Executive Decree No. 5.157 in the Official Gazette on 8 August 2025, declaring a state of national
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South Africa to submit revised trade deal to US to address 30% tariff
South Africa has submitted a revised trade offer to the US on 12 August 2025 to seek a reduction of the 30% tariff imposed on its exports. South Africa plans to present a revised trade proposal to the US to reduce the 30% tariff recently
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US imposes 15% tariff on goods from Trinidad and Tobago
The US has imposed a 15% tariff on Trinidad and Tobago’s key exports like ammonia and methanol, but exempts tariffs on crude oil and natural gas. The US has implemented a 15% reciprocal tariff on imports from Trinidad and Tobago on 7 August
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US suspends de minimis duty exemption on low-value imports
The Trump administration has ended the duty-free treatment for imports valued at USD 800 or less, effective 29 August 2025. US President Trump signed an executive order on 30 July 2025, suspending the duty-free de minimis treatment for
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Mexico increases tariffs on goods via simplified customs scheme
The ad valorem tariff for goods imported by courier under the simplified regime has increased to 33.5%, while USMCA goods over USD 117 face a 19% tariff, effective 15 August 2025. Mexico’s tax authority (SAT) has updated tariffs for imported
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China pauses 24% tariff on US goods for 90 days, keeps 10% levy
China extends the suspension of 24% additional tariffs on US imports for 90 days, keeping 10% tariffs intact. China’s Customs Tariff Commission of the State Council announced on 14 August 2025 that it has temporarily suspended its additional
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Taiwan seeks lower US tariffs, continues negotiations
Taiwan Semiconductor Manufacturing Company (TSMC), the world’s largest contract chipmaker, supplies chips to major technology companies including Nvidia. Taiwan’s Cabinet is continuing negotiations with the US to secure more favourable tariff
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Cambodia sets 0% duty on select US goods
Cambodia sets a 0% customs duty on new goods originating from and imported directly from the US. Cambodia’s government issued Sub-Decree No. 139 on 8 August 2025, establishing a 0% customs duty rate on goods originating from and imported
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US, China agree to 90-day tariff suspension
Without the extension, US tariffs on Chinese goods would have climbed to 145%, while Chinese tariffs on US goods would have reached 125% from 11 August. President Donald Trump signed an executive order on 11 August 2025, extending the tariff
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Korea (Rep.), Vietnam agree to strengthen economic cooperation
South Korea and Vietnam have agreed to deepen economic and strategic cooperation, targeting USD 150 billion in bilateral trade by 2030. Korea (Rep.) and Vietnam have agreed to enhance economic and strategic cooperation amid increasing global
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