Trump vows substantial new tariffs, chip restrictions on countries with digital taxes
“Digital service taxes have already proven to be a potential make-or-break issue for Trump in his administration’s ongoing trade negotiations.”
[CNBC]
Trump warns of 200% tariff on China if magnet exports are curbed
“Trump’s statement comes at a time when China’s exports of rare-earth magnets have recovered to levels seen before Beijing imposed export curbs in April, according to the latest government data.”
[CNBC]
U.S. agrees in principle to lift tariffs on Indonesian palm oil, cocoa, rubber
“To secure relief, Indonesia has offered billions of dollars in investment in the U.S., alongside purchases of American crude oil, LPG, aircraft, and agricultural products. Jakarta also pledged near-zero tariffs on nearly all U.S. goods entering its market.”
[Indonesia Business Post]
Mercosur and Canada to resume talks for free-trade agreement
“Canada signaled renewed interest in restarting talks with Mercosur last month, as part of a broader push to diversify trade away from the United States amid uncertainty caused by tariffs imposed by U.S. President Donald Trump.”
[Reuters]
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