Diminished Duties on China, a Fresh Framework for U.S.-UK Trade Relations, and Other Recent Tariff Updates May 16, 2025 Following the introduction and partial recission of the “Liberation Day” tariffs last month, the latest U.S. government actions have largely—though not universally—continued down the path of an easing tariff burden. Of particular note, the U.S. and Chinese governments recently concluded their first direct trade negotiations since the imposition of reciprocal tariffs, resulting in a mutual agreement to reduce tariff rates for the first time in the...

European Commission launches strategic dialogues with defence and chemical industries On Monday, 12 May, European Commission President Ursula von der Leyen initiated the first-ever strategic dialogues in Brussels with top representatives from Europe’s defence and chemical industries. These crucial meetings aimed to identify shared challenges and map out strategies to significantly enhance the competitiveness, resilience, and innovation of these vital sectors. Thus, safeguarding European security and economic prosperity in the current evolving global landscape. The Defence industry dialogue The first of these high-level...

By Simon Kaye, President & CEO, Jaguar Freight Services The road to supply chain recovery from the trade actions taken by the new US administration in 2025 was always going to be long. Even with a 90-day reprieve for the bulk of China tariffs and talk of other country-specific “deals” being struck, lasting supply chain damage has been done. However, the recent (and perhaps temporary) reduction of tariffs on China is quickly setting some important things in motion, including speeding...