Europe: EC proposes drastic cut in steel imports, doubles tariffs
The European Commission has proposed halving the volume of steel imports entering the EU duty-free - from 30.5 million to 18.3 million tonnes annually - and doubling tariffs on imports exceeding that quota…
Brazil: Lula talks with Trump about tariffs
President Luiz Inácio Lula da Silva has urged Donald Trump to remove the 40% tariff recently imposed on Brazilian imports. The two leaders held a thirty-minute phone conversation, exchanging direct contact numbers and…
Big Tech: Trump increases pressure on Europe over digital regulations
Donald Trump is intensifying pressure on the EU and other nations over digital regulations and taxes which he argues unfairly target American technology companies. Threatening new tariffs and restrictions on exports, he has…
China / USA: trade truce extended for a further ninety days
Donald Trump has extended the trade truce with China by another ninety days, narrowly avoiding a major escalation between the world’s two largest economies. The announcement came just hours before the previous deadline…
India: relationships with the USA take a downward turn
US-India relations entered a turbulent phase when Donald Trump tore into India for its continued oil imports from Russia and slow progress on trade negotiations. Formerly close to Prime Minister Narendra Modi, Trump,…
EU / USA: Trump backs away from extra tariffs – for now
Donald Trump has paused a proposed 50% tariff on EU goods, extending the negotiation deadline to 9 July after a phone call with EC president Ursula von der Leyen. She requested more time…
USA: federal court blocks Trump’s tariffs
A federal court has blocked Donald Trump’s broad use of tariffs, ruling that the Constitution grants Congress - not the president - authority to regulate foreign commerce. The decision challenges Trump's use of…
Trump set to announce UK - USA trade deal
Donald Trump is poised to announce a significant new trade agreement between the USA and the United Kingdom, marking a key step forward in post-Brexit trade relations. A ‘heads of terms agreement’ -…
Britain set for a new trade partnership with EU
Britain and the EU are set to formalise a new strategic partnership to strengthen trade ties and present a united front against Donald Trump's global tariff agenda. A leaked draft declaration, dated 25…
Canada: Carney wins election in dramatic comeback
Mark Carney’s Liberal Party has secured re-election in Canada, staging a dramatic comeback. Though the Liberals have not won a clear majority, their lead over the Conservatives is decisive. Carney credited the turnaround…
