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Trade News
Trade News
30
Mar
Energy prices, supply chains, and financial markets are the main transmission channels, but the regional effects will vary significantly.
The world faces yet another shock. The war in the Middle East is upending lives and livelihoods in the region and beyond. It is also dimming the outlook for many economies that had only just shown signs of a sustained recovery from previous crises.
The shock is global, yet asymmetric. Energy importers are more exposed than exporters, poorer countries more than richer...
30
Mar
Understanding the impact of tariffs on inflation is a complex task as it involves analysing responses along the pricing chain, including those by foreign exporters, distributors, producers and retailers. At different stages of this pricing chain, domestic firms could respond to tariff announcements by building up inventories before tariffs are implemented, shifting the sourcing of their imports from countries facing higher tariffs to countries facing lower tariffs (trade diversion) and adjusting the pricing of their products to accommodate the impact...
30
Mar
In this week’s Roar: The latest from the Strait of Hormuz, extended delays across Asian ports, the FMC denies a request, China-Europe Railway Express volumes jump, and the impacts of losing the de minimis rule.
After weeks of disruption, the Strait of Hormuz has apparently reopened to “non-hostile” ships, which has eased some of the pressure on oil prices and global supply chains. Extreme political rhetoric aside, with vessel tracking via GPS unreliable and the “shadow fleet” operating in the region, it’s...
27
Mar
The Council and the Parliament today agreed to overhaul the EU customs framework, giving the Union a more modern toolbox to deal with trends such as huge increases in trade volumes, especially in e-commerce, a fast-growing number of EU standards that must be checked at the border and challenging geopolitical realities.
The reform establishes innovative new instruments to facilitate global trade, collect customs duties more efficiently and to tighten controls on non-compliant, dangerous or unsafe goods. Overall, the new system will allow for more robust controls without...
27
Mar
The Supreme Court’s February 20, 2026, decision in Learning Resources, Inc. v. Trump upended the legal basis for billions of dollars in tariffs on imports imposed by the Trump administration. The Court held that the International Emergency Economic Powers Act (IEEPA) did not authorize the sweeping tariff regime, but it did not address how past collections should be refunded, leaving refund mechanics and timing to be worked out through U.S. Customs and Border Protection (CBP) in coordination with the U.S. Court of International...
26
Mar
Suspension clause in case the US introduces new tariffs
Sunrise clause: tariff preferences only effective if the US respects its commitments
Sunset clause: tariff preferences set to expire by 31 March 2028, unless renewed
On Thursday, MEPs adopted their position on two proposals implementing the tariff aspects of the EU-US Turnberry trade deal.
The texts, if agreed with EU member states, will eliminate most tariffs on US industrial goods and provide preferential market access for a wide range of US...
25
Mar
Introduction
International trade developments have now been hitting the headlines for many months, amid ongoing global trade agreements, trade arguments, and increased protectionism, all of which have become gradually more commonplace across the globe. Some of these carry the risk of major tariffs and duty increases, which can be high and abrupt, and can significantly interrupt supply chains and add material costs. These are also in addition to numerous emerging and rigorous frameworks affecting global trading conditions, including not-least those...
24
Mar
The EU and Australia have today announced the adoption of a groundbreaking Security and Defence Partnership. They have also concluded negotiations for an ambitious and balanced free trade agreement (FTA) and agreed to launch formal negotiations for the association of Australia to Horizon Europe, the world's largest funding programme for research and innovation. With these steps, the EU and Australia are delivering mutually beneficial outcomes and further reinforcing their already close relations in a time of geopolitical uncertainty.
The FTA...
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