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On the 27th local time, the United States officially began imposing a 50% tariff on products imported from India. India’s leather and diamond processing industries have been severely impacted. As U.S. clients continue to cancel orders, many factories are facing operational difficulties. Kan...Read more »
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According to a Reuters report, on the 19th local time, the American Soybean Association (ASA) called on the U.S. government to reach an agreement with China to eliminate tariffs and, if possible, facilitate a deal for China to significantly purchase U.S. soybeans, in an open letter to President T...Read more »
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The US imposition of tariffs on certain copper products, primarily under Section 232 (“National Security”) tariffs, has significant ripple effects throughout the power cord manufacturing and supply chain. While raw copper ore and refined copper cathodes are generally not subject to th...Read more »
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The July nonfarm payrolls report released last Friday doused market expectations. The data revealed that the US labor market is cooling at a remarkable pace, with job additions falling far short of forecasts. More critically, employment figures for the previous two months underwent significant do...Read more »
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Just hours before the United States’ so-called “reciprocal tariffs” were set to take effect on August 1, the U.S. government released a new tariff schedule on the evening of July 31 local time, imposing tariffs ranging from 10% to 41% on approximately 70 countries and regions wo...Read more »
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U.S. Secretary of the Treasury Scott Bessent announced in an interview on the local time of the 22nd that the third round of China-U.S. trade negotiations will be held in Stockholm, Sweden on next Monday and Tuesday. Prior to this, the two sides held two talks in Geneva and London. It is reported...Read more »
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Tensions in U.S.-EU trade relations have escalated sharply after U.S. President Trump unexpectedly threatened to impose a 30% tariff on EU goods. The EU responded swiftly with a tough stance, threatening on Monday to impose additional retaliatory tariffs on tens of billions of dollars’ wort...Read more »
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Local time on the 10th, U.S. President Donald Trump announced that a 35% tariff will be imposed on goods imported from Canada starting August 1st. In response, the Canadian Prime Minister stated that Canada will firmly safeguard its national interests while strengthening global trade to counter t...Read more »
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The Indian government took a significant step last Friday. Despite seeking to reach a trade agreement with the United States in the coming days, it has remained “steadfast in its stance” and threatened to impose retaliatory tariffs on certain U.S. goods. As reported by Bloomberg, New ...Read more »