Geopolitical tensions

Total: (Last update: June 4, 2025)

• United States extends Section 301 exclusions on Chinese goods. The exclusions, previously set to expire on May 31, 2025, are now extended through August 31, 2025. (31/05/2025)
• United States announces doubling of steel and aluminum tariffs from 25% to 50%, effective June 4, 2025, under Section 232. The United Kingdom is exempt, pending finalization of the U.S.-UK Economic Prosperity Deal. (30/05/2025)
• United States delays proposed 50% tariffs on the European Union, extending trade negotiations until July 9, 2025. (26/05/2025)
• China suspends non-tariff countermeasures imposed on April 4, 2025, for 90 days, and indefinitely suspends those from April 9, 2025. (15/05/2025)
• United States launched Section 232 national security investigations into imports of commercial aircraft and jet engines and their parts. (13/05/2025)
• United States reduces de minimis tariffs on low-value imports from China (including Hong Kong and Macao), from 120% to 54% or a flat specific duty rate of $100 per package, effective May 14, 2025. (13/05/2025)
• China suspends tariffs under Geneva Joint Statement. Tariffs of 34% (CTC No. 4) are reduced by 24 points for 90 days; 84% (CTC No. 5) and 125% (CTC No. 6) tariffs are fully removed. (12/05/2025)
• United States suspends tariffs under Geneva Joint Statement. Tariffs of 34% (EO 14257) are reduced by 24 points for 90 days. Tariffs of 84% (EO 14259) and 125% (EO 14266) are fully removed. A 20% IEEPA tariff remains in place. (12/05/2025)
• United States and United Kingdom define terms of the U.S.-UK Economic Prosperity Deal (EPD), aimed at preferential tariff reductions for beef, ethanol, UK steel, aluminum, automotive, and pharmaceutical products. The deal is not yet legally binding. (08/05/2025)
• European Union has launched public consultations on potential countermeasures targeting United States imports (€95 billion, including agricultural and industrial goods) and restricting EU exports of steel scrap and chemicals to the U.S. (€4.4 billion). (08/05/2025)
• European Union initiates a WTO dispute against the United States over reciprocal tariffs and duties on cars and parts, claiming violations of WTO rules and requesting formal consultations. (08/05/2025)
• United States expands auto parts tariff relief, allowing temporary duty reductions on parts comprising 15% of the value of U.S.-assembled cars for one year, then 10% for the next. Effective May 3, 2025. (29/04/2025)

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)