Tariffs
Washington state's small business owners and Senator Patty Murray are sounding the alarm about the devastating impact of President Trump's tariffs on their industries and the overall economy. The effective tariff rate in America is at a 17.4 percent, the highest since 1935, and the
International trade
The Vagina Museum in Bethnal Green, east London, has suspended sales of its products to the US due to Donald Trump's global trade tariffs. The museum, which raises funds through its online shop, has seen American customers make up a small proportion of its sales. The tariffs, which
Tariffs
A phone call between Chinese President Xi Jinping and US President Donald Trump on Friday revealed "progress" on the TikTok deal and other issues, with Mr. Xi indicating he would be in favor of a commercial deal that benefits both sides. The conversation marked a significant shift in
Tariffs
As President Trump prepares for a state visit to Britain, whiskey industry leaders are pressing for an exemption from tariffs on Scotch whisky, warning that they could lead to 3,300 job losses in the US and economic pain for the hospitality industry. The US spirits industry has an interconnected
Trade policy
U.S. President Donald Trump's phone call with Chinese President Xi Jinping on Friday resulted in an agreement to sell TikTok's American operations to an American buyer, but the details of the prospective deal remain unclear. Trump said the call was "very productive" and
International trade
The European Commission's proposed measures to sanction Israel, including trade restrictions, have been met with sharp criticism from Israeli Foreign Minister Gideon Sa'ar. Sa'ar argues that the proposal would "empower" Hamas by putting pressure on Israel during an "existential war."
Tariffs
U.S. Senators Rand Paul, Tim Kaine, Amy Klobuchar, Mark Warner, and Chuck Schumer have reintroduced a bipartisan resolution to undo President Donald Trump's International Economic Emergency Powers Act (IEEPA) tariffs on Canada. The resolution aims to terminate the February 1 emergency declaration that President Trump used to
International trade
A regional Peer Learning Initiative held in Chisinau brought together customs authorities and trade experts from Central Asia, Moldova, and Turkiye to strengthen trusted trader programmes, enhance regional trade cooperation, and promote sustainable connectivity along the Trans-Caspian Transport Corridor. The event, hosted by the International Trade Centre (ITC) in collaboration
International trade
China's trade surplus widened to $785.8 billion through August, driven by a surge in exports to regions outside the United States, despite a sharp 15% drop in exports to America. Beijing's strategy involves cultivating economic ties and infrastructure in the developing world, allowing it to
Bessent, Scott
US Treasury Secretary Scott Bessent announced after weekend trade talks in Spain that a framework deal has been reached between China and the US regarding the ownership of popular social video platform TikTok. The deal aims to transfer ownership from China's ByteDance to a US-based company, addressing US
Tariffs
U.S. Customs and Border Protection (CBP) is at the forefront of implementing the Trump Administration's trade strategy and foreign policy. With tariffs and trade policy dominating the headlines, CBP has become essential in detecting fraud, monitoring supply chains, and enforcing U.S. trade laws. The agency'
Tariffs
The U.S. Department of Justice ("DOJ") and U.S. Department of Homeland Security ("DHS") have formed the Trade Fraud Task Force to target importers and affiliates who defraud the United States government by evading tariffs, duties, and import restrictions. This development marks the latest incarnation
