China imposes 55% tariff on Australian beef imports exceeding quota
China announces 55% tariff on beef imports above quota, drawing disappointment from Australian producers and warnings of trade disruption.
Category : Trade
Gulf states accelerate plans to bypass Strait of Hormuz
Gulf states are building new ports and pipelines to reduce dependence on the Strait of Hormuz amid ongoing conflict with Iran.
Ikea warns Trump tariffs will lead to higher prices for customers
Ikea CEO Jesper Brodin says proposed US tariffs under Donald Trump risk pushing up prices, with costs likely passed to consumers.
Putin and Modi meet in Delhi as both face turbulent geopolitics
Putin meets Modi in Delhi amid US trade pressure, Western criticism, and shared concerns over China's rise.
US boards Venezuela-linked oil tanker in Indian Ocean
US forces boarded the Veronica III in the Indian Ocean after tracking it from the Caribbean, the Pentagon said. The tanker left Venezuela on the day Maduro was captured.
Asos seeks to reclaim £7m in US tariffs after Supreme Court ruling
Asos is attempting to recover £7 million in US tariffs paid during the first half, following a Supreme Court ruling that struck down the previous import tax policy.
Indonesia Tightens Nickel Grip as Global Demand Shifts
Indonesia tightens control over nickel supply amid US-China competition, but demand shifts and environmental costs cast doubt on the strategy.
Oil price breaches $95 as Middle East conflict intensifies
Oil price rises above $95 a barrel as US-Iran tensions and Houthi threats disrupt supply. Analysts warn of $120 crude if Hormuz remains closed.
US monitors reflagged tanker off Ireland after Venezuela blockade evasion
A reflagged tanker off Ireland is under US surveillance after evading a Venezuela blockade. It fled the Caribbean, changed name to Marinera, and is now monitored by P-8 aircraft.
Wizz Air chief plays down risk of jet fuel shortages
Wizz Air CEO József Váradi says jet fuel shortages are unlikely, citing high prices and creative solutions, despite EU warnings and rival concerns.
US oil exports surge as Iran war reshapes global energy order
Record US crude exports and Latin American growth reshape energy markets as Iran conflict disrupts Middle East supplies.
Washington Post publisher Will Lewis resigns after mass layoffs
Washington Post publisher Will Lewis resigns days after laying off nearly a third of staff, prompting criticism and leadership changes.
Swinney condemns Trump's Greenland tariffs as 'deeply damaging'
John Swinney says Trump's Greenland tariffs are deeply damaging, while Starmer urges calm and no trade war. Scotland's whisky and textile sectors face severe impact.
Baked Beans and Olive Oil Among 125 Tariff Cuts to Ease Cost of Living
Treasury proposes cutting tariffs on 125 everyday essentials including baked beans and olive oil, with consultation opening Wednesday and running until June 24.
WTO chief warns Trump tariffs could spark full-blown trade war
WTO chief Roberto Azevedo warns Donald Trump that steel and aluminium tariffs risk triggering a global trade war and recession, as retaliation threats grow.
House votes to block Trump's Canada tariffs in rare bipartisan rebuke
US House votes to rescind Trump's Canada tariffs, with six Republicans backing Democrats in a symbolic rebuke of the president's trade policy.
Airlines urge UK to ease noise rules and cut taxes amid jet fuel shortages
UK airlines lobby for relaxed noise, tax and compensation rules as Middle East conflict threatens jet fuel supplies
Summer travel chaos fears as EU biometric entry-exit system faces criticism
EU biometric border system faces criticism as airports report long queues, with industry leaders urging contingency measures ahead of summer.
Oil Prices Jump Over 5% After Trump Says Iran Ceasefire Over
Brent crude jumps over 5% after US and Iran trade strikes; global markets slide, bond yields rise. Tata Steel faces Dutch legal action.
Putin’s China Visit: Economic Realities Behind the Charm
Putin visits Beijing for economic talks as Russia deepens energy ties with China amid Western sanctions, while Trump's trade overtures stall.
EU weighs deterrent action against US over Greenland tariff threats
EU considers retaliatory tariffs and anti-coercion measures as Trump threatens duties over Greenland annexation opposition.
UK and EU strike post-Brexit trade deal on Christmas Eve
UK and EU agree a post-Brexit trade deal on Christmas Eve, avoiding a no-deal exit and securing tariff-free trade in goods.
Trump urges EU to impose 100% tariffs on India and China to pressure Russia
Trump asks EU to back 100% tariffs on India and China in push to end Russia's Ukraine war, amid legal battles over US tariffs.
Firms pay up to $4m for Panama Canal as Hormuz crisis deepens
Firms pay up to $4m for Panama Canal passage as Strait of Hormuz crisis forces rerouting, escalating shipping costs.
Retailers urge faster action on import tax loophole
Primark, Currys and Boohoo criticise the government's 2029 delay in ending the de minimis import tax loophole, urging faster action to protect the high street.
Swatch apologises and pulls ad after Chinese backlash over 'slanted eye' gesture
Swatch apologises and removes an advert showing an Asian model pulling his eyes, after Chinese social media users accused it of racism and called for a boycott.
US Cuts Swiss Tariffs to 15% in New Trade Pact
US cuts Swiss tariffs from 39% to 15% in non-binding trade pact, drawing criticism from Democrats while Swiss firms plan major US investments.
FedEx sues US government for refund of Trump tariffs after Supreme Court ruling
FedEx sues US for refund of Trump tariffs after Supreme Court ruled them illegal, first major company to seek reimbursement.
Starmer Condemns Trump’s Greenland Tariff Threat as ‘Completely Wrong’
Keir Starmer and UK politicians condemn Trump’s tariff threat over Greenland, calling it 'completely wrong' and harmful to allies.
UK Launches Formal Process for Possible Retaliation Against US Tariffs
UK launches formal process to retaliate against US tariffs if no trade deal reached; consultation on possible measures begins.
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