Trade Policy
Trump announces 25 percent tariffs on imported trucks from November
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US President Donald Trump has announced new 25 percent import tariffs on medium- and heavy-duty trucks from abroad, effective from November 1. The measure aims to protect national security and shield domestic manufacturers from unfair competition. Vehicles from Mexico will be particularly affected.
EU Postpones Anti-Deforestation Law Implementation by One Year
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The European Union has decided to delay the enforcement of its landmark anti-deforestation law by an additional year, pushing the start date to late 2025 or beyond. This announcement, made by EU Environment Commissioner Virginijus Sinkevicius, comes amid mounting pressure from global suppliers and concerns over supply chain disruptions. The move aims to provide more time for businesses to comply with the stringent regulations designed to curb deforestation linked to EU imports.
US pressures Taiwan on chip production relocation
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The United States is pressuring Taiwan to shift 50% of its semiconductor production to US soil or risk losing military protection. This demand accompanies proposals for tariffs to balance foreign chip reliance. The policies aim to bolster domestic manufacturing amid global tensions.