Trade & Tariffs

Trade & Tariffs

US Imposes New Tariffs on Steel Wire Garment Hangers from China and Vietnam

Event: Steel Wire Garment Hangers From the People’s Republic of China and the Socialist Republic of Vietnam: Final Affirmative Determination of Circumvention of the Antidumping Duty Order on Steel Wire Garment Hangers From the People’s Republic of China and the Antidumping and Countervailing Duty Orders on Steel Wire Garment Hangers From the Socialist Republic of […]

2026-11-07

Trade & Tariffs

Next lifts FY sales guidance as Q3 full-price sales rise 8.1%

Next has lifted its full-year sales guidance for 2026/27 after full-price sales rose 8.1% year on year in the third quarter ending 31 October 2026, with international trade helping drive the stronger-than-expected result. The UK retailer's upgrade, reported by Just Style on 5 November 2026, extends the improved outlook beyond the single quarter, though the company did not disclose the revised guidance figure or break out the overseas contribution in monetary terms.

2026-11-07

Trade & Tariffs

US Tariff Policy Notice (2026-22524)

Event: Certain Metal Lockers and Parts Thereof From the People’s Republic of China: Final Results of the Expedited First Sunset Review of the Antidumping Duty Order Authority: Federal Register (US) Published: 2026-11-04 Reference: 2026-22524 Source tier: Official publication Original: https://www.federalregister.gov/documents/2026/11/04/2026-22524/certain-metal-lockers-and-parts-thereof-from-the-peoples-republic-of-china-final-results-of-the Key Points The U.S. Department of Commerce (Commerce) has finalized its expedited first sunset review […]

2026-11-05

Trade & Tariffs

mamun raises $3M seed to scale Gulf-Asia trade finance

mamun, a Sharia-compliant trade finance platform, has raised a US$3 million seed round led by Phaze Ventures through its Oman Fund, with Jasoor Ventures participating. The Muscat-founded company uses AI-native underwriting to close a payment gap that leaves exporters waiting 60 to 90 days, against an Asian Development Bank-estimated global trade finance gap of US$2.5 trillion. Roughly 40% of its settlements already clear through Hong Kong institutions, and the round will scale origination and underwriting along the Greater Bay Area – Oman – UAE corridor. Oman's non-oil exports rose about 10% year-on-year through the first seven months of 2026.

2026-11-05

Trade & Tariffs

Peru-China FTA upgrade takes effect with 12 revised chapters

Peru's Optimization Protocol to its Free Trade Agreement with China entered into force on November 1, 2026, modernizing a 16-year-old pact across 12 chapters covering digital commerce, customs procedures, supply chains, and environmental commitments. The deal governs a corridor that generated $32.6 billion in Peruvian exports to China in 2025, a 30.1% increase over 2024, but it does not deliver broad new tariff cuts. Mining accounts for more than 90% of Peru's shipments to China, with copper concentrates leading the mix. Trade Minister Rogers Valencia pointed to agriculture and fishing as beneficiaries, while customs provisions aim to cut compliance costs for SMEs.

2026-11-02

Trade & Tariffs

US Tariff Policy Notice (2026-22292)

Event: Further Modifying the Scope of Products of Canada Subject to the Additional Duties Imposed To Offset Canadian Discrimination Against the Commerce of the United States With Respect to Motor Vehicles Authority: Federal Register (US) Published: 2026-10-30 Reference: 2026-22292 Source tier: Official publication Original: https://www.federalregister.gov/documents/2026/10/30/2026-22292/further-modifying-the-scope-of-products-of-canada-subject-to-the-additional-duties-imposed-to-offset Key Points The recent proclamation by the US government, effective […]

2026-10-31

Trade & Tariffs

US Initiates Countervailing Duty Investigation on Turkish Corrugated Die-Cut Boxes

Event: Certain Corrugated Die-Cut Cardboard Boxes From the Republic of Türkiye: Initiation of Countervailing Duty Investigation Authority: Federal Register (US) Published: 2026-10-26 Reference: 2026-21778 Source tier: Official publication Original: https://www.federalregister.gov/documents/2026/10/26/2026-21778/certain-corrugated-die-cut-cardboard-boxes-from-the-republic-of-trkiye-initiation-of-countervailing US Initiates Countervailing Duty Investigation on Turkish Corrugated Die-Cut Boxes Key Points The U.S. Department of Commerce has initiated a countervailing duty (CVD) investigation on […]

2026-10-30

Trade & Tariffs

Shein pays $100M to settle FTC shipment complaint

Shein has agreed to pay $100 million to settle a US Federal Trade Commission inquiry into delayed shipments and customer disputes, according to www.just-style.com. Regulator records show more than 12,000 consumer complaints covering over $11 million in transactions between January 2020 and June 2026, with filings describing parcels marked as delivered that never arrived. The payment follows Shein's July warning to investors that the US probe could bring substantial penalties ahead of its Hong Kong IPO. The company said it had reached a constructive outcome with the FTC. The settlement coincides with new EU duties: a provisional €3 charge on parcels up to €150 from 1 July 2026, plus a €2 handling fee from 1 November, taking the total to €5 per customs code.

2026-10-29

Trade & Tariffs

US resale market to hit $307.7bn by 2030 as tariffs bite

The US recommerce market is forecast to reach $307.7bn by 2030, up from $246.7bn in 2026, as tariff-driven price increases and cost-of-living pressures push more shoppers toward second-hand goods. The eighth annual Recommerce Report, drawing on GlobalData research and an August 2026 Pollfish survey of 1,500 US adults, found that 90% bought second-hand goods in the past year and 51% sold something themselves. Tariff-related price rises prompted 51% of all shoppers and 66% of Gen Z to consider second-hand options, while 54% said AI-generated images reduced their confidence in a listing.

2026-10-29

Trade & Tariffs

US Extends Deadline for Reviewing AD/CVD Petitions on Mexican Railway Tank Cars

Event: Notice of Extension of the Deadline for Determining the Adequacy of the Antidumping and Countervailing Duty Petitions: Certain Railway Tank Cars and Parts Thereof From Mexico Authority: Federal Register (US) Published: 2026-10-26 Reference: 2026-21792 Source tier: Official publication Original: https://www.federalregister.gov/documents/2026/10/26/2026-21792/notice-of-extension-of-the-deadline-for-determining-the-adequacy-of-the-antidumping-and US Extends Deadline for Reviewing AD/CVD Petitions on Mexican Railway Tank Cars Key Points […]

2026-10-29

Trade & Tariffs

U.S.-Mexico trade talks stall on 50% steel, aluminum tariffs

U.S.-Mexico trade negotiations have stalled over steel and aluminum tariffs after Washington rejected Mexican demands for relief, according to people familiar with the matter. Mexico is seeking to lower the 50% metals duties and cut light-vehicle tariffs to 15% from 25%, citing investment uncertainty and disadvantages against Japan and Korea. Commerce Secretary Howard Lutnick's counterproposal failed to address Mexican concerns, and U.S. officials are now comfortable delaying major progress until after the Nov. 3 midterm elections. President Donald Trump and President Claudia Sheinbaum have both voiced optimism, but Ambassador Roberto Lazzeri said the two sides remain stuck on the Section 232 tariffs.

2026-10-26

Trade & Tariffs

Trump adds Canada tariff exemptions effective Oct. 30

The Trump administration is expanding tariff exemptions for certain Canadian paper, plastic, machinery and seaweed products, effective Oct. 30, Sen. Susan Collins announced Oct. 23. A U.S. official said new duties on certain valves, carpets and waste products will replace the exclusions so the overall tariff impact remains unchanged. Collins said the relief would help Maine's rural and coastal industries, including blueberry, potato, apple and seaweed producers that rely on Canadian equipment and packaging. The changes come as U.S.-Canada trade talks remain at a standstill and Collins faces a competitive re-election race in November.

2026-10-25