U.S. lawmakers seek to end China's special trade status, import exemption
“The proposed legislation would end annual recertification of the designation and codify minimum 35% tariffs for non-strategic goods and minimum 100% tariffs for strategic goods. The duties would be phased in over five years — 10% in the first year, 25% in the second year, 50% in year four and 100% by year five.”
[Voice of America]
Canadian PM hopeful lays out plan to fight Trump’s tariff threats
“‘Being smart means retaliating where it hurts,’ she said. ‘Our counterpunch must be dollar-for-dollar — and it must be precisely and painfully targeted: Florida orange growers, Wisconsin dairy farmers, Michigan dishwasher manufacturers, and much more.’”
[The Hill]
UK leaves door open to joining EU trading scheme
“On Wednesday, the EU's new trade chief Maros Sefcovic told the BBC he was open to Britain joining the Pan-Euro-Mediterranean Convention (PEM) as part of a post-Brexit ‘reset.’ The arrangement allows for tariff-free trade of some goods from across dozens of countries in Europe, North Africa and the Middle East.”
[BBC]
Saudi Arabia introduces national policy to eliminate forced labor
“This landmark initiative, announced by the Ministry of Human Resources and Social Development, positions Saudi Arabia as the first Arab country to implement a comprehensive policy aimed at eradicating forced labor.”
[Zawya]
Egypt to launch 1st phase of customs facilitation measures
“The initiative is part of Egypt’s broader strategy to encourage economic activity by adopting global best practices, reducing customs clearance times, and lowering production and export costs.”
[Ahram Online]
Copyright © 2025 Sandler, Travis & Rosenberg, P.A.; WorldTrade Interactive, Inc. All rights reserved.