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.
Donald Trump warned France it faces 100% US tariffs on wine and champagne if it proceeds with a digital tax on American tech firms. The ultimatum was delivered before a G7 meeting with Emmanuel Macron, contradicting reports of a settled dispute.
President Trump threatened to impose 100% tariffs on French wines and champagnes in response to France's 3% digital services tax on tech giants. He urged President Macron to abolish the tax to avoid the tariffs.
미국 대통령 트럼프가 프랑스의 디지털 서비스세(DST)에 대해 100% 관세 부과를 경고하며 G7 정상회의를 앞두고 프랑스와의 무역 갈등을 시사했다. DST는 프랑스가 아마존, 메타, 애플 등 빅테크 기업에 부과하는 세금으로, 트럼프는 이를 미국 기업에 대한 차별로 규정했다.
US President Donald Trump has threatened France with 100% tariffs on all French wines and champagne if it does not scrap its 3% digital services tax on American tech companies. The warning was issued directly to French President Emmanuel Macron ahead of the G7 summit.
Millions of people are eligible for discounted social tariffs on water, phone, and broadband bills, but many are unaware of the available help. These tariffs, designed for those struggling to pay, require customers to contact their supplier and provide benefit details. While water suppliers in England and Wales offer these, gas and electricity providers have alternative support schemes.
Tariffs, once a dominant business concern, are now a "non-issue" for most companies. Despite new proposed tariffs related to forced labor, businesses are focused on economic growth, AI, and worker retention, expecting any new tariffs to be challenged and overturned.
