India and the US have finalized the framework of a trade agreement, but its implementation is stalled by New Delhi's need to secure a competitive tariff advantage over rival nations, according to Union Minister Piyush Goyal. The key hurdle is ensuring Indian exports face lower duties than those from competing countries.
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.
Genitori di bambini con patologie oncologiche rare denunciano la sospensione unilaterale delle convenzioni Ita Airways per tariffe ridotte verso ospedali di riferimento. La senatrice Pd Tatjana Rojc interroga il Ministro dei Trasporti.
Brasile e Uruguay hanno approvato il trattato Mercosur-Efta. L'accordo liberalizza il commercio con Islanda, Liechtenstein, Norvegia e Svizzera, Paesi non UE, con quasi 14 milioni di abitanti e un PIL di 4.300 miliardi di dollari.
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.
Chinese official Xie advocated for a significant expansion of the tariff-free trade list with the US, suggesting it be doubled to $60 billion or even raised to $300 billion, arguing the current exemption list is insufficient given the scale of bilateral trade.
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.
Canadian PM Mark Carney stated President Trump is pleased with Canada's agreement to import a limited number of Chinese electric vehicles at a low tariff rate. The deal allows up to 49,000 EVs annually, a significant reduction from previous high tariffs.
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.
Hainan Free Trade Port's "zero-tariff" imports surged 99.5% to 2.26 billion yuan ($315 million) by April end. The region also saw growth in foreign economic activity, duty-free sales, and company registrations, driven by new customs and preferential policies.
Prediction markets are seeing increased institutional adoption for hedging risks like tariffs, with trading volume doubling. However, issues with liquidity depth and dispute resolution, particularly concerning token-weighted votes and contract wording, pose significant challenges for large-scale adoption.
Prediction markets are seeing increased institutional interest for corporate hedging, offering direct bets on events like tariffs or regulatory changes. However, challenges with liquidity depth and dispute resolution mechanisms, particularly concerning token-weighted voting, pose significant risks for large-scale adoption.
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.
Il Parlamento europeo approva due atti legislativi che attuano l'accordo sui dazi con gli USA. Elimina dazi su merci industriali USA, concede accesso preferenziale a prodotti ittici e agricoli, e proroga esenzione dazi su astice. Prevede sospensione concessioni su acciaio/alluminio se USA mantiene aliquote alte.
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.
The European Parliament has given its final approval to a tariff agreement with the United States, aiming to stabilize transatlantic trade relations. The deal, clinched last July, sets levies on EU products at 15% and grants zero tariffs for US industrial goods. A safety net provision allows the European Commission to suspend the pact if US commitments are not met.
