The UN's International Maritime Organisation is evacuating over 11,000 sailors from the Strait of Hormuz following a US-Iran MoU. The operation, coordinated with regional states and the US, aims to ensure safe navigation after months of disruption. Disputes over future control and potential tolls remain.
EU leaders are considering trade defence measures against China's 'overcapacity,' but the author argues this is a misnomer. China's manufacturing growth stems from its integration into global supply chains and adherence to international standards, making its products competitive through efficiency and expertise, not unfair practices.
Sens. Elizabeth Warren and Mark Kelly argue in a letter that President Trump's tariff policies have harmed U.S. workers and manufacturing, leading to job losses and a growing trade deficit in manufactured goods, contradicting his promises of a manufacturing boom.
Ten years after Brexit, columnist Larry Elliott restates his leftwing case for leaving the EU, arguing Europe isn't working economically and Brexit offers an opportunity for Britain to pursue a different economic model.
US and India are in final trade negotiations ahead of a July 24 deadline to set tariff rates and address market access for US agricultural products. The visit by US official Greer is expected to finalize a deal after a year of strained relations.
India aims for a trade deal with the US that offers its exporters a tariff advantage over regional competitors like Vietnam. Discussions are set to begin Tuesday, with India also seeking assurances against future US tariffs.
The Australian Forest Products Association alleges Russian timber is entering Australia by exploiting sanctions loopholes, being re-routed through countries like China and Lithuania. They estimate up to 100,000 cubic metres annually, impacting local industry.
The US has initiated a Section 301 trade investigation into Germany's pharmaceutical pricing policies, alleging they unfairly burden US commerce and force the US to fund a disproportionate share of global drug R&D, potentially leading to new tariffs.
Germany has warned the US that an investigation into its drug pricing policies could jeopardize a transatlantic trade deal that includes a 15% tariff cap on European exports, including medicines. Chancellor Merz stated Germany's pricing is a domestic matter, while EU officials expect the US to honor its commitments.
The US has initiated a trade probe into Germany's drug pricing policies, suspecting systematic underpayment for innovative medicines. Washington claims US patients bear a disproportionate R&D cost burden and warns of potential trade measures, including tariffs, if no resolution is reached.
Hong Kong and China Gas Company (Towngas) will increase tariffs by 4.4%, affecting commercial and industrial customers with an extra HK$320/month and residential customers with HK$10/month. The company cites rising operating and labor costs, and significant investment in new developments.
India and the UK will implement their Comprehensive Economic and Trade Agreement (CETA) from July 15, aiming to expand market access, reduce tariffs, and deepen cooperation. The pact is expected to open a market worth over $500 billion for Indian exporters and includes provisions for the automotive and spirits sectors.
South Korea's trade watchdog will impose antidumping tariffs of 4.93%-8.41% on Thai seamless copper pipes, citing damage to the domestic industry. Provisional duties have been in place since March.
South Korea plans to implement zero tariff rates on liquefied natural gas (LNG) and liquefied petroleum gas (LPG) within quotas in the second half of 2026 to combat inflation. The measure aims to stabilize consumer prices by reducing utility and transportation costs.
South Korea plans to implement zero tariff rates on liquefied natural gas (LNG) and liquefied petroleum gas (LPG) within quotas in the second half of 2026 to combat inflation. The measure aims to stabilize consumer prices by reducing utility and transportation costs, following a 3.1% rise in consumer prices in May.
India and the UK will implement their free trade agreement on July 15, enabling tariff reductions and enhanced economic cooperation. The pact, signed last year, is expected to boost bilateral trade by £25.5 billion annually and includes significant tariff cuts on products like whisky, automobiles, and cosmetics.
A Brazilian Supreme Court panel has voted to convict Eduardo Bolsonaro of lobbying the US to interfere in his father's trial, sentencing him to over four years in prison. The conviction is the latest legal blow to the Bolsonaro family.
Eduardo Bolsonaro has been sentenced to four years and two months in prison by Brazil's supreme court for allegedly courting US interference in his father Jair Bolsonaro's coup plot trial. Eduardo, who lives in the US, was accused of seeking sanctions and tariffs from the Trump administration to aid his father's case.
The European Parliament has given final approval to a tariff agreement with Donald Trump, set to expire Dec 31, 2029, unless renewed. The deal includes conditions for tariff reductions on steel and aluminum products.
The European Parliament approved cutting import duties on US industrial goods, fulfilling a trade deal and averting new tariffs threatened by Donald Trump. The EU aims to meet a July 4 deadline.
The European Parliament approved a deal to remove EU import duties and ease access for US goods, averting further tariff conflicts and setting tariffs on EU imports to the US.
Turkish authorities will raise transit fees for vessels passing through the Bosphorus and Dardanelles by 15% starting July 1, bringing the rate to $6.7 per ton. This annual revision follows a previous increase and aims to fund maritime services.
South Korea's Trade Minister Yeo Han-koo met with officials to discuss countermeasures against proposed US tariffs on dozens of countries, including South Korea, over alleged failure to enforce import bans on products made through forced labor.
French President Emmanuel Macron stated he expects a "respectful but firm" dialogue with US President Donald Trump at the G7 summit regarding tariffs, emphasizing that duties between G7 countries are not beneficial and that France's digital tax is part of its legislation.
