Japan opposes Russia’s plan to make disputed islands tariff free economic zone

Highlights

• Japanese Foreign Minister met its Russian counterpart in New York
• Japan does not approve Russia’s plan to make disputed island tariff free economic zone

Toshimitsu Motegi, Japanese Foreign Minister said that he ...

FARMERS OF UK FACE LOWERING OF TARIFFS ON AGRICULTURAL IMPORTS

Highlights:

• The farmers in the United Kingdom are facing lowering of tariffs on the agricultural imports
• The government of United Kingdom has indicated that the farmers may have to prepare for the lowering of tariffs

The government o...

CHINA TO EXTEND A TARIFF EXEMPTION FOR 79 PRODUCTS IMPORTED FROM US

Highlights

• As per an attached list, these tariff exempted products include rare earth ore, gold ore and silver ore and concentrate

• Recently China accused the US of imposing economic sanctions and strong-arming other countries over trade issues to achieve its &ldq...

FINANCE MINISTRY OF S. KOREA TO REMOVE TARIFF ON FEW IMPORTED GRAINS

Highlights –

• Finance Ministry of S. Korea to remove tariff on few imported grains.
• S. Korea will import edible corm and some grains without tariff until the end of the year.
• The country currently levies a 3 percent tariff duty on impo...

USTR CATHERINE TAI SAYS U.S. NOT YET READY TO LIFT TARIFFS ON CHINA

Highlights

• The United States Trade Representative Catherine Tai said the US at present is not ready to lift tariffs on China imports, though it could be open to hold talks with Beijing

• Tai said she understood the levies were affecting some US-based companies and ...

IMPORTED BEEF FROM THE U.S IN JAPAN TO SEE AN EMERGENCY TARIFF HIKE

Highlights –

• Imported beef from the U.S in Japan to see an emergency tariff hike.
• The tariff hike will be imposed starting later this week.
• The tariff is said to jump from 25.8% to 38.5% for a month under a bilateral trade agreement.<...

AUSTRALIA THREATHENS ACTION OVER EUROPEAN UNION CARBON TARIFF

Highlights:

• Australia threatens action over the carbon tariff of the European Union
• The trade minister of Australia said that, the country will be fighting an attempt made by the European Union to introduce a carbon tariff

On Friday,...

JAPAN PARLIAMENT APPROVES OF THE COUNTRY’S POST-BREXIT FREE TRADE DEAL WITH BRITAIN

Highlights –

• Japan parliament approves of the country’s post-BREXIT free trade deal with Britain.
• The trade deal will be enforced from Jan.1, 2021.
• The deal was earlier signed in October by the Japanese Foreign Minister and Brit...

CHINA IN HOSTILE MOVE ENFORCES ANTI-DUMPING MEASURES ON AUSTRALIAN WINE

• China on Friday said it would enforce anti-dumping measures on Australian wine, in a further escalating of tensions between Beijing and Canberra.
• China — Australia’s biggest trade partner — has threatened economic strike-back since Canberra called for a probe ...

AUTOMAKER TESLA & OTHERS FILE LAWSUIT AGAINST TRUMP ADMINISTRATION OVER TARIFFS ON CHINESE PARTS

Highlights

• These suits were filed in the New York-based Court of International Trade over the concern tariffs imposed on imports from China by the Office of the US Trade Representative (USTR)

• According to the phase one trade deal signed between the United States ...

EUROPEAN UNION AND THE UNITED STATES HAVE MADE AN AGREEMENT ON TARIFF REDUCTIONS

Highlights:

• European Union and the United States of America have agreed to an agreement
• The European Union and the United states, both have greed in the agreement on a package of tariff reductions

The European Union Trade Commissione...

U.S.A TO HOLD OFF HIKE IN TARIFFS WORTH $7.5 BILLION ON EUROPEAN AND UK GOODS

Highlights –

• U.S.A to hold off the hike in tariffs worth $7.5 billion on European and UK goods.
• The U.S had threatened the latter with a hike in tariffs over subsidies for Airbus.
• Last year the U.S had raised border taxes on more tha...

THE U.S AND EUROPEAN UNION HAVE AGREED ON THEIR FIRST EVER TARIFF REDUCTION DEAL

Highlights –

• The U.S and European Union have agreed on their first ever tariff reduction deal.
• EU has agreed to eliminate tariffs on US lobsters.
• The U.S in exchange has agreed to halve import taxes on $160 million worth European goo...

JAPAN AND BRITAIN AGREE TO LIFT AUTO TARIFFS IN 2026 AND NOT EARLIER THAN THAT

Highlights –

• Japan and Britain agree to lift auto tariffs in 2020 and not earlier than that.
• Japan’s Foreign Minister Toshimitsu Motegi is in London to discuss trade agreements.
• Britain wants to secure a good deal on agricultur...

NEW UK-JAPAN TRADE DEAL TO PROTECT BUSINESS ENCRYPTION KEYS

HIGHLIGHTS

• UK and Japan are together shaping up a trade deal.
• This deal is an agreement between both countries to protect business encryption keys.

The UK’s post-Brexit trade deal with Japan shaping up. Both countries have agre...

DONALD TRUMP TO VISIT INDIA ON TWO-DAY TOUR

Highlights:

• Trump and the First Lady to in India on the 24 th and the 25 th of February
• Trade discussions to ensue to resolve issues and conflicts of the same
• India holds the olive branch out with offers of tariff cuts

Donald Trump will be...

CHINA TO CUT TARIFFS ON US GOODS

Highlights:

• China will cut the tariffs in half on $75 billion US imports.
• The retaliatory tariffs by China came into effect from September 1, 2019.
• The trade between the US and China has cut the US tariffs to 7.5%.

Under t...

U.S BEEF’S PRICE IN JAPAN REDUCED POST UPDATED TRADE DEAL

Highlights:

• U.S faced higher tariffs for its beef imports compared to other countries
• The tariff gap was calculated to be nearly 10 per cent

The bilateral trade negotiations going on since September 2019 between Japan and the U.S wer...

Analysis: Industrial tariff loss would adversely impact a few states, whereas leaving the rest unaffected.

Since ages, a few representatives and business supplicants have screamed for a termination to the private property tariff on developing machinery, apparatus, and portfolio— which they claim might inspire more businesses to invest in West Virginia.

Politicians have never terminated...

US THREATENS UK CAR EXPORTS TO HIKE TARIFFS

Highlights:

• The UK will impose a tax on digital services then the US will be moving ahead with a tax on car tariffs.
• The US increased tariffs would harm the automotive industry.
• Around 20% of UK car exports to the United States.