Cambodia reached a new milestone in its trade relations with Australia, as domestic agribusiness Royal Trust Trading Company (RTT) sent its first shipment of nuts and dried fruits to the Australian market. The inaugural shipment of over 12 metric tons of cashew nuts, dried mangoes, dried jackfruit, banana chips, and taro chips was exported by RTT with support from the Cambodia Australia Partnership for Resilient Economic Development (CAPRED) program. CAPRED assists Cambodian agribusinesses in enhancing their export readiness and building connections with international buyers. The shipment officially launched on Thursday in Phnom Penh. Representatives from the Australian Embassy, the Ministry…

Petroliam Nasional Bhd (Petronas) will consider importing liquefied natural gas (LNG), including from the United States, only when necessary and if it makes commercial sense, said Malaysian Prime Minister Anwar Ibrahim. Speaking at the prime minister’s question time in Parliament on Thursday, Anwar said that importing additional products, including from the U.S., is reasonable if prices are competitive and the project proves commercially viable. He noted that Malaysia’s products remain in strong demand in countries like Japan, South Korea, and especially China, where demand is particularly high. Anwar was addressing concerns about a U.S. condition requiring Malaysia to import LNG…

The Brazilian government declared a new plan on Wednesday to support domestic companies affected by the 50% U.S. tariffs, as reported by The Associated Press. The initiative, Sovereign Brazil, offers 30 billion reais (approximately $5.56 billion) in low-interest loans, tax incentives, and other support measures, with a focus on small businesses and companies handling perishable goods. Brazil’s measure includes deferring tax payments for businesses hit by U.S. tariffs, granting 5 billion reais in tax credits to small and medium-sized enterprises through the end of 2026, and broadening access to insurance for canceled export orders. The plan also encourages public procurement…

South Korea and Vietnam reached an agreement on Monday to nearly double the current trade volume to $150 billion within the next five years by strengthening economic cooperation and deepening defense and security ties. The agreement was reached during a high-level summit in Seoul between South Korean President Lee Jae-Myung and Vietnamese Communist Party leader To Lam. The two leaders emphasized the importance of expanding economic relations, particularly in the face of global trade instability and rising U.S. tariffs. Lee underscored Vietnam’s crucial role as a neighboring country, highlighting its importance in both trade and security. He stated that both…

Indonesia and Peru formalized a Comprehensive Economic Partnership Agreement (CEPA) on Monday to boost bilateral trade and investment ties. The signing followed a meeting in Jakarta between Indonesian President Prabowo Subianto and Peruvian President Dina Boluarte, who’s the first Peruvian head to visit Indonesia. The CEPA, which currently applies only to goods, will see Indonesia and Peru eliminate nearly all tariffs, with many dropping to 0% through phased implementation. “This agreement will expand market access and boost trade activity between the two countries,” Prabowo said. “Normally, this agreement would have taken years, but Indonesia and Peru managed to finalize this…

Nvidia and AMD have agreed to share 15% of revenue from chip sales in China with the U.S. government as part of a deal with the Trump administration to secure export licenses for advanced semiconductors. According to reports citing U.S. officials, under the agreement, Nvidia will allocate 15% of its revenue from the sale of H20 chips, while AMD will contribute 15% of the revenue from its MI308 chips. In April, the Trump administration suspended the export of advanced computer chips to China, citing national security concerns. However, by July, Nvidia and AMD revealed that Washington had approved the sale…

U.S. President Donald Trump urged China to increase its purchase of U.S. soybeans, highlighting it as a strategy to help narrow Beijing’s trade deficit with Washington. “China is worried about its shortage of soybeans. Our great farmers produce the most robust soybeans. I hope China will quickly quadruple its soybean orders. This is also a way of substantially reducing China’s trade deficit with the U.S. Rapid service will be provided,” Trump wrote on Truth Social. The president’s remarks touched on a major political pressure point for Washington in its trade dispute with Beijing. The move comes amid ongoing tariff tensions…

The U.S. Department of Commerce on Friday declared that the countervailing duties on Canadian softwood lumber have been raised, bringing the overall rate to 35.19%. The move follows the department’s recent decision, made two weeks earlier, to nearly triple anti-dumping duties on Canadian lumber imports, raising the tariff from 7.66% to 20.56% after completing its annual tariff review. Due to these measures, the combined countervailing and anti-dumping duties on Canadian lumber have increased from 14.5% to 35%. The higher anti-dumping duties are already in force, while the updated countervailing rate will take effect once it is officially published in the…

Germany will suspend the export of military equipment to Israel that could be used in Gaza, Chancellor Friedrich Merz said on Friday. The decision comes in response to Israel’s move to escalate its operations in the region, despite growing international condemnation. “Under these circumstances, the German government will, until further notice, not approve any exports of military equipment that could be used in the Gaza Strip,” Merz said. The decision does not amount to a complete arms embargo and still permits the export of military systems not connected to operations in Gaza, including missile defense and naval equipment. The statement…

The United States has agreed to revise a flawed presidential executive order on tariffs to accurately enforce a trade agreement made with Japan roughly two weeks ago, a Japanese negotiator said on Thursday, as reported by Kyodo News. Following discussions with U.S. Cabinet officials in Washington, Japan’s chief tariff negotiator, Ryosei Akazawa, told reporters that the United States has also agreed to reimburse any excess tariffs if they were erroneously levied. During negotiations last month, Japanese officials secured an agreement that would establish a flat 15% tariff on all Japanese exports to the United States in exchange for commitments to…