Author: News Desk

A U.S. federal appeals court on Thursday ruled that President Donald Trump can temporarily maintain his tariffs under emergency powers. The decision follows the administration’s legal challenge against a prior ruling that had blocked the majority of his key economic policies. The court issued a temporary stay on the trade court ruling that had prevented Trump from enforcing ‘Liberation Day’ tariffs under emergency powers. Trump had “exceeded his authority by enacting blanket tariffs” on nations that have a trade deficit with the United States, the International Trade Court ruled on Wednesday. The verdict stemmed from two distinct legal challenges. The…

China will resume Japanese seafood imports, which were banned in 2023 due to concerns over Japan’s release of treated wastewater containing low levels of radiation from the Fukushima Daiichi nuclear plant. A Japanese official said on Friday. Japan Agriculture, Forestry, and Fisheries Minister Shinjiro Koizumi stated that Japanese and Chinese officials reached an agreement during the meeting in Beijing, and seafood imports will resume once the required paperwork is completed. “Seafood is an important export item for Japan, and a resumption of its export to China is a major milestone,” Koizumi added. China’s General Administration of Customs reported that both…

South Africa has surpassed Nigeria as Africa’s largest fuel importer, according to a report from energy consultancy CITAC. The shift marks a major transformation in the continent’s downstream oil market as Nigeria scales back its fuel imports following the ramp-up of operations at the Dangote Petrochemical Refinery. Since early 2024, the refinery has enhanced large-scale production, significantly altering trade patterns across sub-Saharan Africa and transforming the region’s energy landscape. With a refining capacity of 650,000 barrels per day, it stands as the largest single-train refinery globally. Its increasing output is drastically cutting Nigeria’s reliance on petrol imports. As per the…

The Trump administration has suspended certain U.S. technology exports to China, restricting the sale of key products such as jet engines, semiconductors, particular chemicals, and machinery, as reported by the New York Times on Wednesday. The decision comes in reaction to China’s recent limits on exports of essential minerals to the United States, a move by Beijing that poses a risk to U.S. company supply chains, according to two familiar sources. The escalating dispute over vital supply chains may greatly impact companies reliant on foreign technology, affecting industries such as aerospace, robotics, automotive manufacturing, and semiconductor production. The U.S. Department…

Belarus has removed its ban on certain food imports from countries it classified as unfriendly, the government’s press service revealed in a statement on Tuesday. The government presented the decision as a reaction to the European Union’s recent increase in tariffs on Belarusian agricultural goods. “Belarus responded to the latest EU sanctions. On May 22, 2025, the European Parliament approved a draft decision to impose higher customs duties on agricultural imports from the country. In response, the government lifted the ban on the import and distribution in Belarus of potatoes, onions, fresh cabbage, and apples originating from unfriendly countries, including…

Pakistan’s coffee industry has urged the federal government to reduce the high regulatory and additional customs duties on bulk instant coffee imports, first imposed through SRO 840(I)/2021 in June 2021, to support the growth of local coffee businesses. Coffee companies contend that the existing duty structure is stifling the expansion of the nation’s coffee industry. Under current regulations, finished coffee products are subject to duties ranging from 42% to 53%. Additionally, bulk instant coffee—an essential raw material for local producers—is taxed at 28%, which includes a 15% regulatory duty and a 2% additional customs duty, further increasing costs for manufacturers.…

South Africa stated its intention to purchase liquefied natural gas (LNG) from the United States on Monday in a proposed agreement valued at approximately $1 billion annually, as reported by AFP. The decision follows tense discussions between South African President Cyril Ramaphosa and U.S. President Donald Trump last week at the White House. Both leaders sought to mend strained relations and secure critical trade agreements essential to South Africa’s struggling economy. As part of the arrangement, South Africa would secure an exemption from duties on the export of 40,000 vehicles to the U.S. each year. Cabinet minister Khumbudzo Ntshavheni detailed…

Bangladesh is preparing to export mangoes to China for the first time, with the initial consignment scheduled for dispatch this week, according to a government official as reported by China Daily. Bangladesh’s agriculture secretary, Mohammad Emdad Ullah Mian, stated at a news conference in Dhaka last week that the country’s first shipment to the new export market will take place on Wednesday. He mentioned that approximately 50 tons of mangoes are scheduled for export to China this year, with ongoing discussions involving Chinese authorities and the Chinese ambassador in Dhaka to expand shipments. Additionally, plans are in place to export…

The Nigeria Federal Ministry of Industry, Trade, and Investment, in partnership with the United Nations Development Programme and Uganda Airlines, inaugurated the Nigeria–East/Southern Africa Air Cargo Corridor on Sunday. The export initiative operates under the African Continental Free Trade Area framework, which will strengthen trade connectivity and foster economic growth across the region. At the Africa Day event at Nnamdi Azikiwe International Airport, Abuja, Dr. Jumoke Oduwole, Nigeria’s Minister of Industry, Trade, and Investment, unveiled the new air corridor designed to boost export opportunities. The initiative grants Nigerian exporters access to three major African trade hubs—Uganda, Kenya, and South Africa—while…

Indonesia and China signed four memorandum of understanding (MoUs) on economic cooperation at Jakarta’s Merdeka Palace, with Indonesia President President Prabowo Subianto and Chinese Premier Li Qiang witnessing the agreements. Bank Indonesia and the People’s Bank of China signed the first MoU, setting up a framework to promote bilateral transactions in local currencies. The agreement was signed by Bank Indonesia Governor Perry Warjiyo and People’s Bank of China Governor Pan Gongsheng. The second MoU was established between Indonesia’s National Economic Council (DEN) and China’s National Development and Reform Commission (NDRC) to enhance collaboration on economic development policies. The agreement was…