Background

China to halve tariffs on some U.S. imports as coronavirus risks grow

“The ministry did not state the value of the goods affected by the decision, but the products affected by the new rule are among $75 billion of goods hit by Chinese tariffs of 5% to 10% tariffs that came into effect on Sept. 1.”

[Reuters]

UK seeks big tariff reductions in U.S. trade deal

“Britain also said it planned to develop a new ‘most favored nation’ tariff regime which will enter into force at the start of 2021 and will apply to goods from countries around the world where no other trade arrangements are in place.”

[Reuters]

Cambodia garments, possibly losing EU trade status, now hit by coronavirus

“At least four textile factories in Cambodia may suspend operations because of delays to the supply of raw materials from China caused by the coronavirus outbreak, the labour ministry said on Monday. Ministry spokesman Heng Sour said there had been delays in deliveries of garments, yarn, buttons and shoe soles.”

[Reuters]

 

Trade preferences boost developing countries' exports to the European Union

“According to the European Commission's report published every two years on the GSP … exports to the EU from the 71 GSP beneficiary countries increased to almost €184 billion. Nearly €69 billion of these used GSP special preferences.”

[European Commission]

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