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Trade News
Trade News
10
Apr
Speech by IMF Managing Director Kristalina Georgieva at the 2026 Spring Meetings in Washington, DC
Good morning.
A resilient world economy is being tested again by the now-paused war in the Middle East. The conflict has caused considerable hardship around the globe. My heart goes out to all people affected by this war and all wars.
When we welcome ministers and central bank governors to our Spring Meetings next week, our focus will be on how best to weather this latest shock and...
07
Apr
On April 2, President Trump issued a proclamation titled “Strengthening Actions Taken to Adjust Imports of Aluminum, Steel, and Copper into the United States” (the Proclamation) under Section 232 of the Trade Expansion Act of 1962 (Section 232). The Proclamation substantially increases Section 232 tariff rates on many aluminum, steel, and copper products, shifts to applying those tariffs to the full customs value of covered imports, restructures which products are covered through new annexes to the Harmonized Tariff Schedule of the...
06
Apr
In this week’s Roar: Tariff refunds are beginning, global fuel is climbing, China and the Panama Canal, the seafarers stranded in the Middle East, and a surge in global air cargo demand.
As a quick trade update, note that announcements were made last week impacting some metals and pharmaceutical tariffs. Click to read the Metals Fact Sheet and the Executive Order pertaining to Pharmaceuticals.
It’s no longer a matter of if… only when. Finally, the CBP says it will begin refunding tariffs collected under the International Emergency...
06
Apr
Blog | Widening global current account imbalances are best addressed by simultaneous domestic policy adjustments. Industrial policy and tariffs offer a costly fix with unreliable effects on imbalances.
Global current account imbalances are widening again, reversing a decade of steady decline following the global financial crisis. History suggests a clear risk: widening imbalances have often been accompanied by concentrated and lower-quality growth, triggered sectoral dislocations across trading partners, and preceded financial crises or abrupt reversals of capital flows. With the...
02
Apr
In brief
What happened?
Despite extensive negotiations at the World Trade Organization’s (WTO) 14th Ministerial Conference (MC14) held in Cameroon between 26-30 March 2026, Members failed to reach agreement on extending the moratorium on customs duties on electronic transmissions. The moratorium has now expired, as of 30 March 2026. The moratorium had been in place since 1998, preventing WTO Members from imposing customs duties on digitally delivered products such as software, audiovisual content, and other electronic transmissions. In parallel, 66 WTO...
01
Apr
Key insights
IEEPA tariffs have been ruled unlawful and collections have stopped, but the broader tariff environment remains fluid as replacement tariffs and new trade actions emerge.
Refunds are expected, but they won’t be automatic — importers must take affirmative steps in CBP’s ACE system (including electronic refund setup) to receive payment.
Companies should plan for related interest, accounting/tax impacts, and potential downstream or transfer‑pricing analysis.
Tariffs have been a major cost — and headache — for importers since they were...
01
Apr
The Iran Conflict, Tariff Uncertainty, and Geopolitics Continue to Impact Supply Chains All Over – When Will It End?
Global Ports
The Headlines: The ongoing conflict with Iran and its impact on shipping through the Strait of Hormuz and the Red Sea are an obvious challenge for the region. And the disruptions have quickly spread globally, up and down supply chains, creating immediate delays at Asian ports (particularly China and India). Getting less attention is the tension over control of ports outside...
30
Mar
The Cyber Resilience Act (CRA) is one of the most important new cybersecurity regulations affecting companies that sell or import technology products into the European Union.
For businesses exporting goods to the EU, the Cyber Resilience Act (CRA) introduces mandatory cybersecurity requirements for a wide range of digital products. Companies that fail to comply could face restricted market access, penalties, or product recalls. If your business manufactures, imports, or distributes products with digital components, understanding the CRA is critical to...
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