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Archive for the ‘News’ Category

Global Trade Adapts to Rare Earth Export Shifts as Industry Looks to Diversify

China, Global Trade, News, Trade and Export

June 4, 2025

China’s recent adjustments to rare earth exports are reshaping global supply chains, prompting businesses and trade leaders to explore diversification strategies and strengthen supply resilience across the automotive and manufacturing sectors. Rare earth minerals—essential to electric vehicle motors, semiconductors, renewable energy technologies, and more—have long been central to global industry. China’s move in April […]

U.S. Enhances Export Oversight to Strengthen Strategic Trade Relations

International Trade, News, United States

June 4, 2025

In a move aimed at reinforcing responsible global trade practices, Energy Transfer announced that it received a letter from the U.S. government requiring a license for ethane exports to China. The company is proactively working to secure emergency authorization to continue its shipments, highlighting its commitment to compliance and partnership in international trade. This […]

Vietnam’s Export Growth Accelerates in May, Trade Surplus Strengthens

News, Trade, Vietnam

June 4, 2025

Vietnam’s export sector continues to demonstrate strong momentum, with May exports rising 14% year-over-year, according to the latest government data. This robust growth contributed to a significant trade surplus of $4.67 billion for the month, underscoring Vietnam’s expanding role in global trade. The export surge reflects efforts by Vietnamese firms to optimize shipments ahead […]

US and India Progress Toward Trade Agreement as Bilateral Talks Continue

India, News, Trade Agreements, United States

June 3, 2025

The United States and India are making steady progress toward finalizing a major trade agreement that could significantly enhance economic cooperation between the two nations. Speaking at the US India Strategic Partnership Forum in Washington, the US Commerce Secretary shared optimism that a mutually beneficial deal may be reached soon. Ongoing negotiations focus on […]

Peru Welcomes U.S. Trade Delegation to Strengthen Agricultural Partnership

News, Peru, Trade

June 3, 2025

Peru is set to host a high-level trade mission led by the United States Department of Agriculture from June 9 to 12, 2025. This collaborative initiative aims to boost agricultural exports, enhance market access, and build stronger trade relations between Peru and the United States. The mission brings together more than 50 representatives from […]

Vietnam’s Auto Market Recovery Accelerates, Unlocking Opportunities for Thai Exporters

News, Trade and Export, Vietnam

June 3, 2025

Vietnam’s automotive sector is regaining momentum in early 2025, with rising vehicle sales and growing consumer confidence setting the stage for greater trade engagement. According to the Department of International Trade Promotion (DITP) through its Office of Commercial Affairs in Hanoi, the Vietnamese auto market is showing clear signs of recovery, offering promising export prospects—particularly […]

India and EU Accelerate Trade Talks with Nearly Half of Agreement Chapters Finalized

India, News, Trade Agreements

June 3, 2025

In a promising step toward strengthening global trade ties, India and the European Union have reached consensus on nearly half of the chapters under negotiation for a comprehensive free trade agreement. This progress signals renewed optimism that the two economic powerhouses may finalize the deal by the end of the year. Negotiators have already […]

UK and U.S. Officials to Advance Bilateral Tariff Agreement and Trade Cooperation

News, Trade Agreements, United Kingdom, United States

June 3, 2025

In a continued push to strengthen transatlantic trade ties, UK Trade Minister Jonathan Reynolds is set to meet with U.S. Trade Representative Jamieson Greer in Paris this week to discuss the next steps in implementing a bilateral tariff agreement aimed at enhancing market access and improving trade flows between the two economies. This engagement […]

U.S. Announces 50% Tariff Increase on Steel and Aluminum Imports to Strengthen Domestic Industry

News, Trade Policy, United States

June 3, 2025

The United States has confirmed plans to raise tariffs on nearly all imported steel and aluminum to 50%, effective Wednesday. The move is aimed at enhancing national industrial capacity and safeguarding domestic producers across key manufacturing sectors. According to the recent presidential proclamation, the tariff increase seeks to counter the continued influx of low-cost […]

Indonesia Moves Forward with U.S. Tariff Preferences Ahead of Key Trade Talks

Indonesia, News, Trade Policy

June 3, 2025

Indonesia has announced its commitment to provide a list of preferred tariff arrangements on U.S. goods in preparation for the second round of trade discussions with the United States set to take place later this month. This initiative marks an important step in strengthening trade relations between the two economies. In 2024, the United […]

Taiwan Strengthens Dialogue with United States on Tariff Discussions

News, Taiwan, Trade Policy

June 3, 2025

Taiwan continues to maintain active and close communication with the United States regarding ongoing tariff discussions, according to a recent statement from the island’s government. Recognized globally as a hub for advanced semiconductor production, Taiwan has played a vital role in strengthening global supply chains. In April, the U.S. government announced a temporary 90-day […]

Vietnam to Strengthen Agricultural Trade with the US Through $2 Billion Agreements

Agricultural Trade, News, Trade Agreements, Vietnam

June 3, 2025

Vietnamese companies are set to deepen agricultural trade ties with the United States by signing memorandums of understanding to purchase $2 billion worth of US farm products, according to Vietnam’s Ministry of Agriculture. The agreements are being formalized during an official visit to the United States by a delegation of 50 Vietnamese firms led […]

Canada’s Steel Industry Highlights Need for Trade Balance and Stronger Market Access

Canada, International Trade, News

June 3, 2025

Canada’s steel sector is reaffirming its commitment to fair and open trade in light of the recent announcement from the United States regarding an increase in tariffs on imported steel and aluminum to 50% starting June 4. Industry leaders view this as an opportunity to advocate for strengthened policies that support Canadian competitiveness and […]

China’s Manufacturing Adjusts Amid Shifting Trade Landscape

China, News, Trade

June 2, 2025

China’s manufacturing sector is undergoing a period of adjustment, reflecting evolving global trade dynamics and signaling opportunities for recalibration and resilience in international commerce. According to the Caixin/S&P Global manufacturing Purchasing Managers’ Index (PMI), the reading for May stood at 48.3—slightly below the growth threshold but indicative of proactive shifts within the industry. While […]

Leaders of U.S. and China Expected to Hold Dialogue on Critical Minerals Trade

China, News, Trade, United States

June 1, 2025

Â High-level discussions between the United States and China are expected to resume soon, as both countries seek to resolve trade concerns surrounding critical minerals, according to senior officials. U.S. Treasury Secretary Scott Bessent confirmed over the weekend that President Donald Trump and Chinese President Xi Jinping are preparing for a call aimed at addressing […]

South Korea Engages in Trade Talks to Address U.S. Steel Tariff Impact

News, South Korea, Trade Policy

June 1, 2025

South Korea’s Ministry of Trade, Industry and Energy has announced proactive steps to address the upcoming 50% U.S. tariff on imported steel products. The government is committed to minimizing disruption to its domestic steel industry through continuous dialogue and trade negotiations with Washington. The tariff hike, set to take effect this Wednesday, marks a […]

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