Tag: International Trade
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The European Union and India on Tuesday, January 27, concluded a free trade agreement after nearly 20 years of negotiations, a deal expected to affect up to two billion people and cover almost all goods traded between the two sides. The agreement will lower or eliminate tariffs on the majority of products exchanged between the…
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Britain and China agreed to reset relations on Thursday, January 29, after Prime Minister Keir Starmer and President Xi Jinping pledged closer cooperation on trade, investment and technology. During the first visit by a British leader to China in eight years, Beijing granted British citizens 30 days’ visa-free access and agreed to halve tariffs on…
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The United States has rolled back proposed steep duties on Italian pasta exports to the U.S., the U.S. Department of Commerce and Italy’s foreign ministry said Thursday, January 1. The Commerce Department has sharply reduced proposed antidumping duties on 13 Italian pasta producers, cutting rates from as high as 92% to between 2.26% and nearly…
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European dairy exports face provisional tariffs from China, which announced on Monday, December 22, duties of up to 42.7% on certain European dairy products following the conclusion of the first phase of an anti-subsidy investigation. The tariffs, effective Tuesday, December 23, cover milk and cheese products, including protected origin cheeses such as French roquefort and…
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The UK has signed a new trade agreement with South Korea designed to increase exports and support key industries including automotive manufacturing, food and drink, pharmaceuticals, and services. The deal replaces a post-Brexit arrangement introduced in 2019. Trade between the two countries is already worth more than £15bn a year. The UK government said the…
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Russian President Vladimir Putin and Indian Prime Minister Narendra Modi reaffirmed their strong bilateral ties on Friday, December 5, during the annual India-Russia summit in New Delhi, emphasizing the resilience of their partnership amid external pressure, particularly from the United States. The two leaders underscored Russia’s continued supply of oil to India, signaling defiance against…
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Leaders of the 21 Asia-Pacific Economic Cooperation (APEC) economies have adopted the 2025 APEC Leaders’ Gyeongju Declaration, committing to deepen digital cooperation, strengthen trade resilience and promote inclusive growth across the region. Hosted by the Republic of Korea under the theme “Building a Sustainable Tomorrow,” the summit took place from October 31 to November 1…
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President Trump on Tuesday unveiled a new trade framework with Japan, introducing a 15% tariff on Japanese imports and declaring the agreement a landmark achievement. “This Deal will create Hundreds of Thousands of Jobs — There has never been anything like it,” Trump wrote on Truth Social. He also affirmed that the United States “will…
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A landmark trade agreement between the United States and Indonesia has been finalized, capping days of high-level negotiations and revising an earlier tariff threat. President Donald Trump announced Tuesday that a previously planned 32% tariff on imports from Indonesia will instead be lowered to 19% under the terms of the new deal. “They are going…
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President Donald Trump announced Saturday that the United States will impose 30% tariffs on imports from the European Union and Mexico, effective from August 1. The move targets two of America’s largest trade partners and signals a sharp escalation in Trump’s trade strategy during his second term. Trump made the announcement via letters posted on…
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