Author: News Desk

Chile’s wine exports to Brazil, its largest market, are increasing, helping to offset the decline in shipments to the United States, a downturn partly caused by tariffs, according to industry analysts and data. Wines of Chile, an association representing Chilean wine producers, says that exports to the United States, the country’s second-largest market by volume, dropped by 13% in the first seven months of the year following the imposition of tariffs by U.S. President Donald Trump. Angelica Valenzuela, sales director at Wines of Chile, explained that producers and importers initially absorbed the added costs and gradually passed them on to…

The Trump administration has postponed implementing broad tariffs on imported pharmaceuticals, despite a recent threat to impose a 100% tax on select brand-name and patented drugs. The tariffs on pharmaceutical imports were scheduled to begin on Wednesday, but White House officials revealed the plan is still under review. The delay follows Pfizer CEO Albert Bourla’s visit to the Oval Office on Tuesday, where he joined President Trump to declare plans to reduce drug prices, including offering drugs at ‘Most Favored Nation’ rates. Bourla was one of 17 CEOs who received a personal letter from Trump outlining a series of demands.…

Malta is now the 29th nation globally, and the 6th in Europe, to officially adopt the International Code for the Protection of Tourists (ICPT), representing worldwide efforts to safeguard consumer protection and travelers’ rights. The official signing took place on 18 September 2025, during the I Tourism Law Conference in Europe, hosted in Malta. The event was the first of its kind in Europe to focus exclusively on tourism law, with participation from policymakers, scholars, and legal professionals. Dr. Ian Borg, Malta’s Deputy Prime Minister and Minister for Foreign Affairs and Tourism, emphasized the need to reinforce legal frameworks within…

The European Union plans to reduce steel import quotas and sharply raise tariffs on foreign steel, the EU’s industry chief, Stephane Sejourne, told the sector on Wednesday, aligning with similar actions taken by the United States, according to a report by AFP. Brussels will introduce new measures next week to support the steel industry, replacing the existing ‘safeguard clause’ that will expire next year, Sejourne said. The new measures are intended to prevent the influx of low-cost steel into the EU market, following the United States’ new tariffs and Canada’s increased duties on Chinese steel imports. Existing EU safeguard measures,…

India’s Directorate General of Trade Remedies (DGTR), under the Commerce Ministry, has launched anti-dumping investigations into the import of three Chinese products, PET (Polyethylene Terephthalate) films, kitchen glassware, and nylon, after receiving complaints from domestic producers. The petitioners claim that the influx of these products at unfairly low prices is harming the domestic industry. As per separate notifications from the DGTR, an anti-dumping investigation has been initiated on imports of Polyethylene Terephthalate (PET) Film originating from or exported by Bangladesh, China, Thailand, and the United States. The probe follows an application submitted by Chiripal Poly Films, Ester Industries, and Vacmet…

The Trump Administration on Monday intensified its crackdown on Chinese tech companies by extending existing restrictions to include their subsidiaries. The U.S. move seeks to prevent blacklisted firms, such as tech giant Huawei, chip manufacturer YMTC, and drone producer DJI, from bypassing export restrictions by channeling controlled technologies through their affiliated subsidiaries. According to the U.S. Department of Commerce, the updated regulation ‘closes a significant loophole’ by extending export control restrictions to any subsidiary that is at least 50% owned by a company already on the blacklist, a change that could impact tens of thousands of firms. A spokesperson for…

U.S. President Donald Trump on Monday declared a new round of steep tariffs on imports of various household goods, particularly wooden products. In an official proclamation, he stated that the U.S. is imposing a 10% tariff on imported softwood lumber and timber, along with a 25% tariff on kitchen cabinets, upholstered wooden furniture, and vanities. The move will likely drive up the prices of furniture, kitchen cabinets, and other items, adding to the ongoing surge in costs seen over the past few months. According to the Bureau of Labor Statistics, previously implemented and announced tariffs have already driven up furniture…

Pakistan has offered Turkiye 1,000 acres of land at no cost for setting up a dedicated Export Processing Zone (EPZ) within the Karachi Industrial Park. The initiative, initially put forward by Pakistan Prime Minister Shehbaz Sharif during a bilateral meeting with Turkish President Recep Tayyip Erdogan in April, seeks to draw Turkish investment into Pakistan’s manufacturing and export industries while advancing the goal of achieving $5 billion in bilateral trade. A senior Pakistani delegation comprising representatives from the Foreign Office, Special Investment Facilitation Council (SIFC), Board of Investment (BoI), and the Sindh Export Processing Zone Authority recently traveled to Istanbul…

The Canadian Food Inspection Agency (CFIA) imposed a temporary ban on Iranian pistachios and pistachio products on Saturday, following a Salmonella outbreak that has affected over 100 people nationwide. The restriction is part of an ongoing investigation into the contaminated nuts and associated items following the surge in illnesses across Canada. The agency stated that all importers of pistachios and products containing pistachios must provide proof that the goods are not sourced from Iran to be allowed into the country. “Shipments will be subjected to a hold and test for Salmonella or refused entry if importers do not provide this…

Iraq resumed crude oil exports from the semi-autonomous Kurdistan region on Saturday, ending a suspension that lasted over two years due to legal issues and pipeline closures. Iraq’s Oil Ministry declared the resumption of oil exports from the Kurdistan Region through the Iraq-Turkey pipeline, bringing an end to a prolonged halt. The pipeline, inactive since 2023, has been a key point of contention in the ongoing dispute between the federal government in Baghdad and Kurdish officials in Erbil over control of the region’s oil resources. “Operations started at a rapid pace and with complete smoothness without recording any significant technical…