Author: News Desk

The European Union has introduced new import quotas for Ukrainian wheat and sugar imports, which will reduce shipments by 70-80% to protect EU farmers from market disruptions. The decision follows protests by EU farmers over a surge in agricultural imports from Ukraine since trade restrictions were relaxed in 2022. Following Russia’s invasion of Ukraine in 2022, the European Union has suspended duties and quotas to aid Ukrainian food exports. However, the influx of Ukrainian cereals, sugar, and poultry has raised alarm among EU farmers struggling with rising production expenses and stricter environmental rules. Under the updated trade deal, the European…

India’s Directorate General of Trade Remedies (DGTR), operating under the Ministry of Commerce, has launched an anti-dumping investigation into multi-layer paperboard imports from Indonesia in response to concerns raised by domestic manufacturers, as reported by PTI. The Indian Paper Manufacturer Association, representing local producers, has submitted a formal request to the DGTR to initiate an anti-dumping investigation into the import of ‘Virgin Multi-layer Paperboard’ from Indonesia. The association claims that the domestic industry is struggling because of the low-priced imported goods. Virgin multi-layer paperboard is widely used in packaging applications across sectors like pharmaceuticals, FMCG, food and beverages, electronics, premium…

Indonesia plans to finalize a $34 billion agreement with business partners next week to boost imports from the United States. The initiative is part of a broader effort to secure a trade deal with Washington before the July 9 deadline. On Thursday, Coordinating Minister for Economic Affairs Airlangga Hartarto stated that a memorandum of understanding, scheduled for signing on July 7, will allocate $34 billion toward fresh investments and acquisitions by Indonesia in the United States. The proposal includes substantial acquisitions of energy and agricultural goods, along with investment initiatives linked to Indonesia’s sovereign wealth fund, Danantara. “Earlier, we discussed…

The Trump administration has removed export restrictions on chip design software to China, signaling a step toward easing tensions between Washington and Beijing under a trade deal. Following the decision, three major U.S. chip design software companies—Synopsys, Cadence, and Siemens confirmed that they received a notice from the U.S. Commerce Department stating that the export restrictions imposed in May have been lifted. The United States halted the sale of semiconductor design software to China in response to Beijing’s move to restrict rare earth exports, an action that reignited tensions between the two nations shortly after a trade truce in Geneva…

President Donald Trump declared on Wednesday that the United States has reached a preliminary trade deal with Vietnam, marking the administration’s third major deal ahead of its July 9 deadline for tariff negotiations. “I just made a Trade Deal with Vietnam,” Trump wrote on Truth Social. Trump stated that Vietnam will face a 20% tariff on all goods imported into the United States, along with a 40% tariff on items transshipped through Vietnam from other nations. Although these rates are lower than the originally proposed reciprocal tariffs, they represent an increase compared to the reduced rates Vietnam benefited from during…

Malaysia’s government implemented tighter regulations on plastic waste imports on Tuesday. Under the new rules, only shipments from countries that are parties to the Basel Convention — an international treaty regulating hazardous waste — will be allowed. Additionally, all imports must receive approval from Sirim Berhad, an agency operating under the Ministry of Trade and Industry. Under the newly enacted policy, Malaysia has barred several countries from exporting plastic waste to the nation, including the United States, which shipped approximately 35,000 tons in 2024, along with East Timor, Fiji, Haiti, San Marino, and South Sudan. As outlined in a Customs…

The U.S. Department of Agriculture (USDA) declared Monday that it will begin a phased reopening of livestock imports along the Mexican border, starting July 7 in Douglas, Arizona. Agriculture Secretary Brooke L. Rollins stated that the decision comes after several weeks of coordination with Mexican officials to address the threat of New World Screwworm (NWS), a destructive parasite affecting livestock, which led to the shutdown of all southern border ports on May 11. The May restriction at the U.S.-Mexico border followed the USDA’s confirmation that the pest had been found in Oaxaca and Veracruz, approximately 700 miles from the U.S.…

The European Union reached a new long-term trade agreement with Ukraine on Monday, allowing continued imports of agricultural goods from the nation. EU Trade Commissioner Maros Sefcovic and Agriculture Commissioner Christophe Hansen unveiled the agreement, describing it as a ‘predictable’ and ‘reciprocal’ framework. The declaration signals a shift in Ukraine’s trade ties with the EU following the expiration of the Autonomous Trade Measures (ATM) on June 5. Initially introduced after Russia’s full-scale invasion and naval blockade of Ukraine’s Black Sea ports, the ATM eliminated tariff rate quotas on 36 categories of Ukrainian exports. However, the influx of Ukrainian goods sparked…

Starting July 1, steel manufacturers in the UK will see improved trade protections, as the government introduces new measures to shield the domestic steel industry from unexpected surges in foreign imports. Business and Trade Secretary Jonathan Reynolds unveiled the new measures today, following urgent appeals from UK Steel for swift intervention to safeguard local producers. The changes include a substantial tightening of the steel import quota liberalization rate from 3% to just 0.1% year on year. The measure is intended to address the recent influx of redirected imports from the United States after President Trump introduced new tariffs on steel…

China partially lifted its ban on seafood imports from most of Japan’s regions on Sunday, signaling a resolution to a longstanding disagreement over Japan’s disposal of treated nuclear wastewater. Beijing stated it will ‘conditionally resume’ seafood imports from Japan, excluding 10 of the country’s 47 prefectures, including Tokyo and Fukushima. The decision brings an end to a nearly two-year suspension on seafood imports, which was imposed after Japan started discharging treated wastewater from the damaged Fukushima nuclear facility into the Pacific Ocean in 2023. Chinese customs authorities, in a public notice, said that long-term international monitoring and China’s own independent…