All articles tagged with #international trade
The EU-Mercosur trade pact takes provisional effect on Friday, marking its first entry into force and raising hopes for increased trade and investment between Europe and South America, while also drawing concerns about environmental safeguards and impacts on domestic industries and livelihoods.
Following a court ruling that certain Trump-era tariffs were unconstitutional, importers can begin filing claims with U.S. Customs and Border Protection to recover duties paid on those tariffs. The refunds apply to eligible shipments and cover duties already collected, with processing handled by CBP and the potential for refunds to include applicable interest; the window to seek relief starts this Monday.
The United States opened new Section 301(b) trade probes into roughly 60 economies to assess whether governments failed to curb imports of goods made with forced labor. Targets include China, the European Union, India and Mexico, along with a broad list that also covers Australia, Indonesia, Japan, Malaysia, Singapore, South Korea, Switzerland, Thailand and the United Kingdom. Findings could justify tariffs without congressional approval, signaling a renewed push on global trade practices amid ongoing U.S. trade-policy actions and ahead of high-level talks with China.
Iranian missile and drone strikes have disrupted key trade routes through the Strait of Hormuz, snarling Asia–Europe shipping and driving up energy prices, with Europe and Asia bearing the brunt and investors in global markets reacting to the chaos rather than the United States.
The Supreme Court ruled that Trump exceeded his authority with emergency tariffs, ending that chapter but Trump vows to reimpose tariffs within the law, signaling a new era of uncertainty for the U.S. economy.
The U.S. merchandise trade deficit hit a record $1.2 trillion in 2025 despite President Trump’s tariff policy, signaling that the tariffs did not close the gap and that trade patterns shifted away from China toward other Asian exporters as import demand remained strong.
Fallout from the Greenland crisis and Trump’s policy approach have contributed to a decline in the U.S. dollar, with the greenback down more than 10% since he returned to the White House; despite remaining a global reserve currency, foreign investors are rethinking exposure to the U.S. amid policy uncertainty and shifting financial markets.
A record rally in gold and silver reflects a global shift away from the U.S. dollar as investors hedge geopolitical tensions and economic uncertainty, a phenomenon known as the debasement trade, pushing gold above $5,100 per troy ounce and silver to fresh highs as demand for hard assets intensifies.
President Trump announced 10% tariffs on Greenland and eight European NATO members—Denmark plus seven others (Norway, Sweden, France, Germany, Britain, the Netherlands, and Finland) with a 25% rate possible from June 1 if they don’t agree to a deal to sell Greenland; the move comes as the Supreme Court weighs IEEPA authority, and the administration aims to force a Greenland purchase.
EU leaders are set to sign a landmark free-trade agreement with Mercosur (Brazil, Argentina and allies) to create what officials call the world’s largest free-trade zone, a culmination of a 25-year effort framed as a demonstration that open markets can endure amid President Trump’s protectionist tilt.
Facing Donald Trump’s tariffs and threats to the U.S. market, Canada and China announced tariff deals and touted a 'new strategic partnership' during Prime Minister Mark Carney’s Beijing visit, signaling a deliberate shift to diversify Canada’s trade away from the United States and reset ties with China.
President Trump announced a narrowly tailored set of tariffs on AI-enabled chips manufactured abroad by U.S. companies, with domestically used chips exempt, in a move framed as addressing national security risks from reliance on foreign-made semiconductors; the measures are far narrower than earlier proposals.
President Trump announced a 25% tariff on any country doing business with Iran, effective immediately, in a bid to economically isolate Tehran amid ongoing protests. Details were not clarified by White House officials, and analysts are watching for the tariff’s legal basis amid a looming Supreme Court ruling on tariffs and possible ties to the International Emergency Economic Powers Act (IEEPA).
EU states have approved a historic free trade agreement with Mercosur after 25 years of negotiations, aiming to offset US tariffs and reduce reliance on China, despite opposition from France and protests from farmers. The deal will require European Parliament approval and includes safeguards for farmers and environmental concerns.
EU countries have approved a long-awaited Mercosur trade deal after 25 years of negotiations, marking a significant development in international trade relations.