Author: News Desk

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…

Egypt entered into a landmark $35 billion agreement on Thursday to import natural gas from Israel’s Leviathan field, calling it the largest export agreement in Israel’s history. Israel will supply Egypt with approximately 130 billion cubic meters of natural gas by 2040 under the agreement with NewMed Energy, which owns a 45.3% stake in Leviathan. The deal marks Egypt’s largest long-term energy supply arrangement, bolstering regional energy cooperation despite ongoing tensions in the Middle East. The deal, completed with Egypt’s Blue Ocean Energy, builds substantially on a previous agreement and is expected to safeguard Israel’s domestic gas supply for the long…

U.S. President Donald Trump on Wednesday declared that the United States will implement a roughly 100% tariff on semiconductor chips imported from nations that do not manufacture or intend to manufacture them within the U.S. “We’ll be putting a tariff of approximately 100% on chips and semiconductors,” Trump said during a White House event where Apple CEO Tim Cook revealed plans to increase the company’s U.S. investment by $100 billion. “But if you’re building in the United States of America, there’s no charge,” he added. According to Politico, a White House official stated that the tariffs will be carefully structured…

Slovenia on Wednesday declared a ban on goods imports from Israeli settlements in the occupied West Bank, calling it a symbolic measure to increase diplomatic pressure on Israel in response to the ongoing conflict in Gaza, as reported by AFP. In a statement issued Wednesday, the Slovenian government condemned the actions of the Israeli government as violations of international humanitarian law. It stated that Slovenia cannot and should not be complicit in a system that permits or overlooks such violations, which include the construction of illegal settlements, land seizures, and the forced displacement of Palestinians. The measure, which also blocks…

U.S. President Donald Trump issued an executive order on Wednesday imposing an additional 25% tariff on Indian imports, raising the total U.S. duty on goods to 50%. According to the executive order, the newly imposed tariffs will be implemented in 21 days, while the previously declared 25% tariffs are scheduled to begin on Thursday. In his executive order, Trump stated that Russia’s ongoing military operations in Ukraine created a ‘national emergency,’ making it ‘necessary and appropriate’ to impose increased tariffs on India, a significant importer of Russian petroleum. “I find that the Government of India is currently directly or indirectly…