Category : Trade


Trump Cuts India Tariffs After Modi Drops Russian Oil

President Trump announces tariff reduction on Indian goods from 25% to 18% following Prime Minister Modi's commitment to stop buying Russian crude oil, marking a significant shift in US-India trade relations amid ongoing Ukraine conflict.

Whisky Boom Revives Sherry Industry via Cask Demand

Scotland's booming whisky exports are driving a surprising resurgence for Spain's sherry industry, as distilleries create huge demand for fortified wine to season oak casks for single malt production.

Supply Chain Disruption Fears Hit Two-Year Peak

A CIPS survey reveals procurement concerns at their highest in two years, with soaring shipping costs likely to drive up prices for computers, electrical goods and transport equipment in 2026.

US, UK, EU Meet to Form Critical Minerals Alliance

Ministers from the US, UK, EU, Japan, Australia and New Zealand convene in Washington to discuss a strategic alliance on critical minerals, aiming to reduce dependency on China and secure supply chains.

NY Officials Warned Over Israeli Bond Investments

A human rights organisation has cautioned New York state and city officials that investing public funds in Israeli bonds may violate international law and fiduciary duties, exposing them to substantial legal and financial risks.

Trump Threatens Tariffs on Cuba Oil Suppliers

President Donald Trump has signed an executive order threatening tariffs on countries that provide oil to Cuba, with Mexico as the top supplier. This move escalates US pressure on the island nation.

Venezuela Approves Oil Privatisation Bill

Venezuela's legislature has passed a landmark bill to open the nation's oil industry to private investment, reversing decades of state control following recent political upheaval.

China Deal Cuts Scotch Whisky Tariffs, Says Starmer

Prime Minister Sir Keir Starmer announces a major trade agreement with China that will reduce Scotch whisky export tariffs from 10% to 5%, potentially worth £250 million to the UK economy over five years.

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