Consultations request circulated on Thursday targets both the 25 per cent country action and the 12.5 per cent forced-labour tariff, which together lift duties on some Brazilian goods to 37.5 per cent.
Category: Trade Policy
Posted inTrade Policy
US drops Scotch whisky tariffs to zero under UK trade deal
The US has eliminated tariffs on whisky from the UK with effect from July 24, restoring duty-free access to the Scotch industry’s largest export market under the agreement reached during the King’s state visit to Washington in April.
Posted inTrade Policy
Canada and UAE conclude trade pact talks eight months after launch
Canada and the United Arab Emirates have concluded negotiations on a comprehensive economic partnership agreement, closing out in roughly eight months what Ottawa described as among the fastest trade negotiations it has ever completed.
Posted inTrade Policy
Philippines concludes first Latin American trade deal with Chile
Manila and Santiago have wrapped up negotiations on a comprehensive economic partnership aimed at securing copper for the country’s electronics industry
Posted inAmericas
Brasília answers Washington as 25% tariffs take effect
Brazil’s rebuttal disputes every part of the Section 301 finding, but its stated remedies run through a dispute system that cannot deliver. Brazil has published a heading-by-heading rebuttal of the United States case against it and begun preparing countermeasures, after Washington imposed 25 per cent tariffs on Brazilian goods at the close of a year-long […]
Posted inCommodities
War chokes fertiliser trade; export curbs hit quarter of global supply
WTO finds shipments through Hormuz still near zero five months on, with 18 economies, seven of them least developed, most exposed. Fertiliser shipments out of the Persian Gulf have been close to zero since the Strait of Hormuz closed in the opening weeks of the conflict, and had not resumed on any stable basis by […]
Posted inSEA and Regions
Indonesia’s parliament clears Russian FTA and three ASEAN deals
Jakarta will bring the agreements into force by presidential regulation, a lighter instrument than the statutes used for RCEP and the Australia pact. A parliamentary commission in Jakarta approved the ratification of four trade agreements on Tuesday, clearing the way for Indonesia to bring into force a free trade deal with the five-member Eurasian Economic […]
Posted inTrade Policy
Trump revives 1930 tariff law in strike on Canadian goods
Canada’s most senior trade officials briefed business and labour leaders in Ottawa this week on Washington’s decision to invoke a tariff power that has lain unused since the 1940s, opening a new front in a dispute that has already outlasted the North American trade pact’s renewal deadline.
Posted inLatin America, Trade Policy, United States
US threatens 25% tariffs on Brazil over digital, ethanol disputes
The United States on Monday proposed imposing 25 per cent tariffs on most imports from Brazil, escalating a year-long trade probe into Latin America’s largest economy while sparing two of its most valuable exports to the American market.
Posted inTrade Policy
Section 232 Steel Tariff Renewal: Industry Response Diverges Ahead of Commerce Review
Domestic mills back continuation while downstream fabricators warn of margin compression as Commerce reopens the Section 232 review.