High tariffs on U.S. imports are expected to remain in place even with a Supreme Court ruling that former President Donald Trump improperly used emergency powers to impose them, according to trade experts. During Wednesday’s hearing, several Supreme Court justices expressed doubts about Trump’s use of the 1977 International Emergency Economic Powers Act (IEEPA) to justify broad tariffs on imports from nearly all trading partners. The Trump administration had argued that the measures were essential to narrow America’s trade deficit and strengthen domestic manufacturing. Ted Murphy, co-leader of global arbitration, trade, and advocacy at Sidley Austin, said the outcome of…

A new study published in Science Advances has exposed the large-scale illegal shark trade threatening endangered species, revealing major lapses in enforcing international wildlife protections. The findings highlight serious breaches of the Convention on International Trade in Endangered Species of Wild Fauna and Flora (CITES), the global treaty that governs trade in threatened species across 185 nations. Under CITES, species listed in Appendix II may only be traded if proven legal and sustainable, while Appendix I species are completely banned from commercial exchange. The study shows that these regulations are widely ignored within the global shark-fin industry, particularly in Hong…

Panama Canal Administrator Ricaurte Vásquez has announced major infrastructure initiatives, including a natural gas pipeline and new ports at both ends of the Canal, to enhance trade reliability and meet rising U.S.-to-Asia energy transport demand. The developments aim to reinforce the Canal’s long-term role in global logistics amid shifting market and climate challenges. Speaking at the Houston International Maritime Conference (HIMC), Vásquez said the projects will improve operational stability, diversify services, and position the Canal to handle surging liquefied petroleum gas (LPG) volumes, which are projected to double within the next decade. Much of this growth will come from U.S.…

China’s growing investment footprint in Brazil is reshaping bilateral trade relations, with Brazilian businesses looking to deepen access to the Chinese market while seeking solutions to logistical and regulatory challenges. Speaking at the China International Import Expo (CIIE) in Shanghai, Brazilian entrepreneur Christian Gogola, director of beverage company Legendaria, said more Chinese companies are entering Brazil than the other way around, but momentum is building for Brazilian firms to ‘go to China.’ He described the two nations’ ties as “great” and full of potential for broader cooperation. Chinese investment in Brazil more than doubled in 2024, making the country the…

The National Pork Producers Council (NPPC) has praised a series of new trade agreements and frameworks negotiated by the Trump administration, describing them as major opportunities to expand U.S. pork exports throughout Asia. The newly signed agreements with Japan, Malaysia, and Cambodia, along with framework discussions underway with Thailand and Vietnam, are expected to significantly increase access for American agricultural products in markets where pork remains a dietary staple. Japan, already one of the largest destinations for U.S. pork, imported $1.4 billion worth in 2024. The new accord includes measures to further open Japan’s market to a broader range of…

Chinese Premier Li Qiang on Wednesday criticized escalating trade restrictions for disrupting global commerce and pledged that China would push to make international trade rules fairer, more reasonable, and transparent. Speaking at the opening ceremony of the China International Import Expo (CIIE) in Shanghai, which runs from November 5 to 10, Li emphasized that China remains committed to reforming the global economic system and deepening market access for international partners. He condemned ‘unilateral and protectionist’ actions by certain countries, warning that such measures had severely disrupted the global trade order. Without naming the United States, Li said that decoupling efforts,…

The 138th China Import and Export Fair, widely known as the Canton Fair, concluded on Tuesday with record participation from international buyers and robust trade activity. It underscores the strength and resilience of China’s foreign trade amid global economic challenges. Official data showed that over 310,000 overseas buyers from 223 countries and regions attended the event in Guangzhou, marking a 7.5% increase from the previous session held in April. Of these, 214,000 came from countries and regions participating in the Belt and Road Initiative (BRI), accounting for 69% of total attendees and reflecting a 9.4% rise from the 137th session.…

A verification mission by the Convention on International Trade in Endangered Species of Wild Fauna and Flora (CITES) has advised India to temporarily suspend the import of critically endangered species. The restricted species include gorillas, orangutans, chimpanzees, and snow leopards. The suspension will remain until stricter due diligence and monitoring systems are implemented to prevent illegal wildlife trade. The Geneva-based CITES Secretariat, which oversees the 185-nation treaty protecting endangered flora and fauna, made the recommendation following its September 15–20 mission to India. The team inspected the Vantara Greens Zoological Rescue and Rehabilitation Center (GZRRC) and the Radha Krishna Temple Elephant…

Asian stocks traded mostly lower on Tuesday as investors assessed Wall Street’s technology-driven gains amid growing concerns over a potential tech bubble. Caution prevailed across markets following mixed messages from U.S. Federal Reserve officials regarding future interest rate decisions. Japan’s Nikkei declined 188 points, or 0.36%, to 52,222 at 9:30 AM IST. China’s Shanghai and Shenzhen indices also slipped by 0.19% and 1.27%, respectively, while South Korea’s Kospi dropped 1.62% to 4,153. In contrast, Hong Kong’s Hang Seng Index rose 45 points to 26,203, supported by selective buying in major technology and financial shares. The global tech sector has seen…

The European Investment Bank (EIB) has approved a €500 million ($576.75 million) green loan to support Iberdrola’s Windanker offshore wind farm, a renewable energy project under construction in the German Baltic Sea. The financing is backed by a guarantee from the Spanish export credit agency Cesce, marking the first use of a joint EIB–Cesce guarantee to promote green projects led by Spanish companies outside Spain. Windanker, Iberdrola’s third large-scale offshore wind development in the region, will add 315 megawatts of capacity, enough to power around 600,000 homes annually. The facility will use 21 Siemens Gamesa SG 14-236 DD turbines, each…