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Stay Updated with the Latest News from the International Trade Council and Our Members

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

June 3, 2025

Jessica Jumaway

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 […]

Taiwan Strengthens Dialogue with United States on Tariff Discussions

June 3, 2025

Jessica Jumaway

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 […]

China’s Manufacturing Adjusts Amid Shifting Trade Landscape

June 2, 2025

Jessica Jumaway

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

June 1, 2025

Jessica Jumaway

 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

June 1, 2025

Jessica Jumaway

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 […]

China Demonstrates Resilience in Manufacturing, Supports Global Trade Stability

May 30, 2025

Jessica Jumaway

China’s manufacturing sector continues to show resilience and adaptability amid a shifting global landscape, with the May Purchasing Managers’ Index (PMI) projected to rise to 49.5, up from April’s 49.0, according to a Reuters poll. While still just below the neutral 50-point mark, the improvement highlights gradual progress and the economy’s ability to respond positively […]

Germany and US Strengthen Trade Relations Through Constructive Tariff Discussions

May 30, 2025

Jessica Jumaway

In a notable step toward strengthening transatlantic trade ties, Germany and the United States are engaged in constructive and transparent discussions focused on tariff matters. These ongoing talks reflect a spirit of cooperation and mutual understanding, which is essential in today’s evolving global trade landscape.   According to recent updates, the dialogue has been described […]

Thailand’s Trade-Driven Recovery Strengthens Economic Outlook

May 30, 2025

Jessica Jumaway

Thailand’s economy gained fresh momentum in April, fueled by a rebound in exports and renewed strength in its manufacturing sector, the Bank of Thailand (BOT) reported. This promising performance underscores the country’s growing trade resilience and its proactive efforts to navigate global market shifts.   Export growth—up 9.9% year-on-year—played a central role in driving manufacturing […]

Canada’s Trade-Led Growth Beats Expectations, Boosting Economic Optimism

May 30, 2025

Jessica Jumaway

Canada’s economy delivered a strong performance in the first quarter of 2025, expanding by 2.2% on an annualized basis and surpassing economists’ expectations. The growth was powered primarily by a surge in exports and a rise in business investments—clear indicators of Canada’s increasing strength and reliability in global trade.   A 1.6% jump in exports […]

Germany’s New Chancellor to Strengthen U.S. Trade Ties in First Washington Visit

May 30, 2025

Jessica Jumaway

 Germany’s newly appointed Chancellor, Friedrich Merz, is set to visit Washington on Thursday for a high-level meeting with the U.S. President Donald Trump, marking his first official trip to the United States since taking office on May 6.   This milestone visit underscores both nations’ shared commitment to revitalizing transatlantic trade relations and deepening economic […]

Italy to Host France for Strategic Talks on Strengthening Economic and Trade Partnerships

May 29, 2025

Jessica Jumaway

Italy will welcome France for important discussions in Rome on June 3, aiming to deepen cooperation on key bilateral and European economic issues. This meeting highlights the ongoing collaboration between two leading European economies focused on fostering trade growth, innovation, and investment opportunities.   Both countries are set to explore ways to enhance market access, […]

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