US: Trump administration signs trade deals on rare-earth and critical minerals with Malaysia, Cambodia, Thailand, Vietnam
The US has signed trade and critical minerals agreements with Malaysia, Cambodia, Thailand, and Vietnam to address trade imbalances and secure alternative rare earth supply chains amid China’s export restrictions. The Trump Administration has
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US, China agree on rare earth framework amid Trump’s tariff warning
The US and China reached a preliminary trade deal in Malaysia to avert major tariffs and export restrictions, paving the way for upcoming talks between Trump and Xi on trade balance. US Treasury Secretary Scott Bessent announced on 26 October
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US: Trump anticipates trade agreement with China, including soybean exports
President Trump expressed confidence in reaching agreements with President Xi during their upcoming South Korea meeting, covering trade issues, including China’s Russian oil imports. U.S. President Donald Trump expressed his optimism on
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Canada grants tariff exemptions on select US and Chinese steel, aluminium products
The tariff relief on certain US and Chinese steel and aluminium imports is aimed at supporting local industries and advancing trade negotiations with both countries. Canada has introduced tariff relief measures on certain steel and aluminium
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India considers easing imports on Chinese raw materials
India’s Commerce Ministry and NITI Aayog considered relaxing certain tariff and non-tariff restrictions on Chinese imports to secure cheaper raw materials and support industrial growth. India’s Ministry of Commerce and Industry, supported by
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Italy to impose duty on Chinese fast-fashion imports to safeguard domestic industry
Italy plans a new tax on Chinese fast fashion imports, targeting online retailers like Shein and Temu, to protect its domestic fashion industry from low-cost competition. Italy is planning to introduce an additional tax on Chinese fast fashion
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China lowers consumption tax threshold on ultra-luxury vehicles
China will lower the consumption tax threshold for super luxury cars from CNY 1.3 million to CNY 900,000. China’s Ministry of Finance and State Taxation Administration will lower the consumption tax threshold for super luxury cars from CNY
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Mexico: President to impose tariffs on China
President Claudia Sheinbaum announced that her government may impose tariffs on imports from countries without trade agreements, including China, under the "Plan Mexico" initiative. Mexican President Claudia Sheinbaum stated on 4 September 2025
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China introduces new VAT refund policy from next month
From September 2025, certain VAT taxpayers can apply for refunds of unused tax credits. China's Ministry of Finance and State Administration of Taxation released Announcement No. 7 of 2025 on 22 August 2025, introducing a new VAT refund policy.
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China: Finance Ministry consults on draft VAT law regulations
The new draft VAT law aligns with existing VAT policies while introducing key adjustments, organised into six chapters covering provisions, rates, payable taxes, incentives, administration, and supplementary rules. China's Ministry of Finance has
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Cameroon, China income tax treaty enters into force
The Cameroon-China tax treaty applies from 1 January 2026. The income tax treaty between Cameroon and China entered into force on 26 July 2025. Signed on 17 October 2023, it is the first agreement of its kind between the two nations. It aims
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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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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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China expands VAT scope to include bond interest
Starting 8 August 2025, a 6% VAT will apply to interest income from newly issued treasury, local government, and financial bonds. China’s Ministry of Finance and State Taxation Administration issued Announcement No. 4 of 2025 on 31 July 2025,
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US: Trump considers more China tariffs over Russian oil trade, cites India’s example
Trump has doubled tariffs on Indian imports to 50% over its continued Russian oil purchases and warned of further secondary sanctions, while giving China until 12 August to finalise a tariff deal. US President Donald Trump hinted on 6 August 2025
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Germany suspends new advance pricing agreements with China
Until further notice, the BZSt, as the competent authority for APAs, will not initiate any new procedures aimed at concluding APAs with China. Germany has temporarily suspended the initiation of new advance pricing agreements (APAs) with China,
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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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China grants tax credit for reinvested dividends by foreign investors
A new corporate income tax credit for foreign investors reinvesting dividends from Chinese companies, retroactive from 1 January 2025 to 31 December 2028, offers a 10% credit to offset current-year tax payable. China's State Administration of
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