The US has announced new tariffs of 10-12.5% on dozens of countries accounting for almost all its imports over concerns they are not doing enough to tackle forced labour. It is the second time President Donald Trump’s administration has announced new import taxes since the US Supreme Court struck down many of his previous duties … Read More
In May, the ISM manufacturing index breached the magic 50 mark for the fifth straight month, signaling expansion across America’s factory floor. The latest reading came in at a robust 54.0 — the highest level since May 2022 and comfortably above expectations. This is not noise. This is a trend. New orders rose to 56.8. … Read More
Ambassador Jamieson Greer published an article in the June issue of the International Monetary Fund’s Finance & Development Magazine calling for the economics profession to revisit its assumptions and develop models that capture what matters to the real economy—including distributional consequences of trade, labor market dynamics, network and scale effects in manufacturing, effects of regulatory … Read More
Sorry folks, the rules aren’t coming to save you. Since the game has changed, so must the strategy. Which for the EU means turning to trade barriers — and tariffs. Europe’s challenge is both tumbling German industrial production since 2018 and, more recently, particularly soggy Euro area exports. No doubt expensive energy and cumbersome EU … Read More
Lawmakers from member states of the European Union agreed to measures last week to stop drug shortages and fix chronic Asian dependencies for critical medicines, this time spurred by worries over the antibiotics supply chain. The move is part of last year’s Critical Medicines Act, but the real takeaway here is that Brussels and Washington … Read More
Lawmakers from member states of the European Union agreed to measures last week to stop drug shortages and fix chronic Asian dependencies for critical medicines, this time spurred by worries over the antibiotics supply chain. The move is part of last year’s Critical Medicines Act, but the real takeaway here is that Brussels and Washington … Read More
EU agrees on reinforced suspension provisions, sunset clause Trump threatened ‘much higher tariffs’ if EU duty cuts not implemented by July 4 USTR warns EU must also address non-tariff barriers Agreement should usher in cuts by end of June The European Union struck a provisional agreement on Wednesday on legislation to remove import duties on … Read More
The United States has put countervailing duties on fresh mushrooms grown in Canada following a U.S. Department of Commerce investigation which the Canadian industry has called “deeply flawed.” The change, posted in the federal register on Monday, will slap most fresh mushrooms with tariffs of 2.84 per cent. Two companies received separate duties: Champ’s Fresh … Read More
U.S. imports of data center equipment reached $653 billion in 2025, more than double their 2020 level. That total breaks into two distinct supply chains: nearly $580 billion in computing hardware (servers, chips, networking, cooling) and more than $70 billion in power infrastructure (transformers, switchgear, lithium-ion batteries). Tariffs and export controls have reshaped the first. … Read More
Ecuador’s shrimp industry is urging its country’s government to implement retaliatory trade measures against Brazilian vehicle makers as part of efforts to overturn what producers describe as a “prolonged and unjustified blockade” of shrimp exports. “We have tried every possible avenue, and Brazil’s response has been a permanent blockade,” Jose Antonio Camposano, president of Ecuadorian … Read More
