Geopolitical tensions

Total: (Last update: June 30, 2025)

• United States- United Kingdom Economic Prosperity Deal establishes: (1) a tariff rate quota (TRQ) allowing up to 100,000 UK-origin passenger vehicles (65,205 in 2025) to enter at a 10% duty rate; (2) a reduced 10% tariff (MFN 2.5% + 7.5%) on specified UK automotive parts used in UK vehicles, compared to the 25% rate under Proclamation 10908; and (3) the removal of additional duties on certain UK civil aircraft and parts under the WTO Agreement on Trade in Civil Aircraft. (30/06/2025)
• Indonesia plans to ease import restrictions and licensing rules for around 10 commodity groups, including plastics, chemicals, and footwear, ahead of the July 9 deadline for tariff negotiations set by the United States. The reforms are expected to take effect in two months. (30/06/2025)
• Canada introduced new TRQs for steel mill products imported from non-FTA partners. Imports exceeding 2024 levels, capped at 2.6 million tonnes, will face a 50% surtax. The TRQs apply to five product categories included in Annex I: flat, long, pipe and tube, semi-finished, and stainless steel, and are subject to review after 30 days. (27/06/2025)
• China imposes 19.6%-36.9% anti-dumping duties on imported toluidine originating in the European Union, for a period of five years starting June 28, 2025. (27/06/2025)
• India bans imports of certain jute products and woven fabrics from Bangladesh imported by land routes, requiring passage by seaport Nhava Sheva. (27/06/2025)
• India has imposed anti-dumping duties on plastic processing machines imported from China and Chinese Taipei for a period of five year (26/06/2025)
• Canada has announced strengthened measures to support its steel and aluminum sectors, including adjustments to existing counter-tariffs on related products effective July 21, with tariff levels to reflect progress made in broader trade discussions with the United States. (19/06/2025)
• Chinese Taipei has updated its list of entities responsible for the export of strategic high-tech goods to include 601 entities involved in arms expansion, including Chinese enterprises such as Huawei and SMIC. (15/06/2025)  
• United States announced changes to Annex 1 of Proclamation 10896, adding additional steel derivative products subject to a 50% tariff effective June 23. These include refrigerator-freezers, dryers, washing machines, dishwashers, freezers, cooking stoves/ranges/ovens, food waste disposals, and welded wire racks. (13/06/2025)
• China announced zero-tariff treatment for 100 percent tariff lines to all 53 African countries having diplomatic relations with China, or all African countries except Eswatini. (11/06/2025)
• United States Court of Appeals allowed the U.S. IEEPA tariff to remain in effect while it reviews a lower-court decision blocking them on grounds that he had exceeded his authority by imposing them. This implies that the 10% reciprocal tariffs and fentanyl tariffs will continue to be collected. (11/06/2025)
• Viet Nam firms sign 20 MoUs worth $3 billion to import U.S. agricultural products. (09/06/2025)
• United States CBP updated the attachment containing the list of steel and aluminum HTS subject to Section 232, corresponding to the June 3, 2025, announcement. (09/06/2025)
• United States President Trump signed executive orders to prioritize U.S.-made drones for federal use, enhance airspace security, enable routine BVLOS operations, support vertical takeoff and landing aircraft, and require security reviews for foreign drones. (06/06/2025)
• United States opens public comment process on proposed modifications to certain aspects of Section 301 ships investigation. Comments due July 7, 2025. (06/06/2025)

Russian invasion of Ukraine 

Total: (Last update: April 25, 2025)

• United Kingdom introduced a new trade sanctions package against Russia including business software restrictions, technology controls and additional export and import prohibitions. (24/04/2025)
• Belarus implements an export prohibition of 253 foreign-made product categories, including household appliances, vehicles, clothing and medical clothing. (24/03/2025)
• European Union adopts 16th package of sanctions against Russia, including an import quota on primary aluminium. (25/02/2025)
• Japan updates export ban to 335 industrial products that contribute to strengthening the industrial base of Russia (23/01/2025)
• Belarus extends import ban on additional industrial and household items until December 2024 (28/08/2024)
• United States introduces import ban on low-enriched uranium from Russia. (11/08/2024)