Tag: flexport_global_logistics_update
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US and India Finalize Trade Deal, EU Parliament Unfreezes Approval
The US and India have announced a trade agreement reducing tariffs, while the EU Parliament is set to vote on a deal with the US. Other trade developments include potential tariffs on oil to Cuba and aircraft from Canada.
BusinessPolitics and GovernmentWorldEconomyTradeTransportation Trade AgreementTariffsEuropean UnionIndiaCustoms and Border ProtectionCubaFlexport Global Logistics Update
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EU and India Finalize Landmark Trade Deal, Amid Shifting Global Tariffs
The EU and India have agreed to a trade deal that will significantly reduce tariffs on a wide range of goods, aiming to boost exports and take effect by the end of 2026.
BusinessPolitics and GovernmentWorldEconomyTradeTransportation Trade AgreementTariffsEuropean UnionIndiaGlobal TradeCustomsFlexport Global Logistics Update
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US and Taiwan Finalize Trade Deal, Boosting Semiconductor Investment
The United States and Taiwan have signed a trade agreement that will reduce tariffs on various goods and encourage significant Taiwanese investment in US semiconductor manufacturing.
BusinessPolitics and GovernmentWorldEconomyTradeTransportationEnvironment Trade AgreementTariffsSemiconductorsTaiwanInvestmentCritical MineralsFlexport Global Logistics Update
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UK to End Duty-Free Status for Low-Value Goods; US Considers Tariff Reduction on EU
The UK will eliminate duty-free exemptions for goods under £135 by 2029. The US is considering reducing steel and aluminum tariffs on the EU, pending digital regulation changes. Brazil gains tariff exemptions.
BusinessPolitics and GovernmentTradeFinancial MarketsEconomyWorldEuropeAsiaLatin AmericaLegal TariffsUnited KingdomEuropean UnionBrazilDigital RegulationFlexport Global Logistics Update
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EU to End Duty-Free Exemption on Low-Value Goods, US Announces Trade Frameworks
The EU will eliminate duty-free exemptions for goods under €150, with a transitional solution in 2026 and a long-term plan in 2028. The US also announced trade frameworks with Switzerland, Liechtenstein, and Latin American nations.
BusinessPolitics and GovernmentWorldTradeEconomyFinancial MarketsAsiaEuropeTransportation European UnionTariffsE-commerceCustoms Data HubIOSSFlexport Global Logistics Update
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US-China Trade: Tariffs Could Rise to 155% if No Deal Reached
President Trump threatens tariff increase on Chinese goods. China's export controls on rare earth metals remain a sticking point. New tariffs on medium and heavy-duty trucks take effect November 1.
Politics and GovernmentBusinessTradeEconomyFinancial MarketsAsiaEuropeNorth America TariffsChinaTrade AgreementRare Earth MetalsUSTRUSMCAFlexport Global Logistics Update
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Trump Extends U.S.-China Tariff Agreement; Potential Semiconductor Duty Announced
President Trump extends the U.S.-China trade deal for 90 days, maintaining existing tariff rates. A potential 100% duty on semiconductors has been announced, while legal battles over IEEPA tariffs continue.
Politics and GovernmentBusinessTradeEconomyAsiaEuropeNorth AmericaTransportation TariffsTrade AgreementChinaInternational Emergency Economic Powers ActSemiconductorsFreight RatesFlexport Global Logistics Update