Geopolitical tensions

Total: (Last update: July 16, 2025)

• United States announced 17% tariffs on Mexican tomatoes. In April, the U.S. Department of Commerce had announced its intent to withdraw from the 2019 Agreement suspending the antidumping investigation on fresh tomatoes from Mexico. (15/07/2025)
• United States announced trade deal with Indonesia, lowering reciprocal tariffs to 19%. An official notice is still pending. (15/07/2025)
• United States initiated Section 301 investigations of Brazil's unfair trade practices. (15/07/2025)
• United States launched Section 232 national security investigations into imports of Unmanned Aircraft Systems (UAS) and their parts and components. (15/07/2025)
• Malaysia announced permit requirements for export, transshipment, and transit of high-performance artificial intelligence chips of U.S. origin. (14/07/2025)
• European Union extended its suspension of countermeasures to U.S. tariffs, which was supposed to expire on July 14, until early August. (13/07/2025).
• United States announced reciprocal tariffs for the EU (30%) and Mexico (30%). An official notice is still pending. (12/07/2025)
• United States announced reciprocal tariffs for Brazil (50%) and Canada (35%). The countries that would not receive tariff letters could expect blanket tariffs of 15-20%. An official notice is still pending. (11/07/2025)
• United States issued a second round of letters for reciprocal tariffs to 7 countries: Algeria, Brunei, Iraq, Libya, Moldova, the Philippines, and Sri Lanka.  An official notice is still pending. (09/07/2025)
• China included 8 entities of Chinese Taipei to its Export Control List. (09/07/2025)
• United States announced copper and pharmaceuticals tariffs are expected shortly. An official notice is still pending. (08/07/2025)
• China announced final ruling on the anti-dumping investigation of import-related brandy originating in the European Union. (07/07/2025)
• United States issued a list of new reciprocal tariffs for 14 countries, to take effect on 1 August 2025. The following rates will apply: Japan (25%), Republic of Korea (25%), South Africa (30%), Kazakhstan (25%), Laos (40%), Malaysia (25%), Myanmar (40%), Tunisia (25%), Bosnia and Herzegovina (30%), Indonesia (32%), Bangladesh (35%), Serbia (35%), Cambodia (36%), and Thailand (36%). For all other trading partners, the existing 10% reciprocal tariff is extended from the 9 July deadline to 1 August 2025. The bespoke rate suspension for China, Hong Kong, and Macau is extended separately until 12 August 2025. (07/07/2025)
• United States to end de minimis exemption (USD 800 threshold) from 1 July 2027 under the “One Big Beautiful Bill Act.” (07/07/2025)
• United States and Viet Nam agreed on a tariff deal: Viet Nam to allow duty-free U.S. imports; U.S. to impose 20% tariffs on Vietnamese goods and 40% on transshipped goods. An official notice is still pending. (02/07/2025)
• United States- United Kingdom Economic Prosperity Deal establishes: (1) TRQ for 100,000 UK-origin vehicles at 10% duty (65,205 in 2025); (2) 10% duty on eligible UK parts (vs. 25% MFN); and (3) removal of tariffs on UK civil aircraft/parts. (30/06/2025)
• Indonesia to ease import rules on 10 product groups, incl. plastics, chemicals, footwear ahead of July 9 tariffs. Reforms are expected within two months. (30/06/2025)
• Canada introduced TRQs for non-FTA steel imports, capped at 2.6M tonnes. Exceeding volumes face 50% surtax. The TRQs apply to five product categories included in Annex I: flat, long, pipe and tube, semi-finished, and stainless steel; review in 30 days. (27/06/2025)
• China imposed 19.6–36.9% anti-dumping duties on EU toluidine for five years, starting June 28. (27/06/2025)
• India banned jute and fabric imports from Bangladesh by land; entry restricted to Nhava Sheva port. (27/06/2025)
• India imposed anti-dumping duties on plastic processing machines from China and Chinese Taipei for five years. (26/06/2025)
• Canada to adjust steel and aluminum countermeasures from 21 July, pending progress with U.S. talks. (19/06/2025)
• Chinese Taipei updated export control list to include 601 entities linked to arms development, incl. Huawei and SMIC. (15/06/2025)  
• United States extended 50% tariffs (Proclamation 10896) to include white goods and kitchen appliances from 23 June. (13/06/2025)
• China announced zero tariffs for all 53 African partner countries (excl. Eswatini). (11/06/2025)
• United States court hearing on IEEPA tariffs set for 31 July; duties remain in force. (11/06/2025)

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)