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Keywords: Trade


United States imposes 30% tariff on Algerian exports starting August 2025

The U.S. government, under President Donald Trump, has announced a 30% customs surcharge on all products imported from Algeria, effective August 1, 2025. The decision was communicated in a formal letter sent to Algerian President Abdelmadjid Tebboune as part of a broader trade policy shift targeting......

European Union prepares trade retaliation in response to U.S. tariff threats

The European Commission proposed on Monday possible retaliatory measures worth up to 72 billion euros, should the United States impose 30% tariffs on imports from the European Union. The announcement came after a meeting of EU trade ministers in Brussels. “We prioritize negotiation, but we are......

EU and South Korea seek urgent trade deals to avoid Trump’s looming tariffs

The European Union and South Korea are scrambling to reach trade agreements with U.S. President Donald Trump before the August 1 deadline, as Washington threatens to impose a 30% tariff on most imports from the EU and Mexico, with similar warnings extended to countries like Japan and South Korea. White......

European stock markets stumble amid new US tariffs

European stock markets opened mostly lower on Monday after former US President Donald Trump announced over the weekend a new wave of tariffs — 30% duties on goods imported from the European Union and Mexico — triggering fears of escalating trade tensions. In early trading, Paris lost 0.58%,......

Chinese exporters race to meet looming U.S. tariff deadline amid trade uncertainty

China's export sector saw renewed momentum in June as businesses accelerated shipments ahead of a major U.S. tariff deadline set for August. The spike in activity comes amid growing uncertainty over whether Washington and Beijing can establish a lasting trade agreement. According to Chinese customs......

EU and Mexico leaders condemn Trump's 30% tariffs, call for unity and negotiation

European leaders and Mexican President Claudia Sheinbaum have strongly criticized US President Donald Trump's announcement of 30% tariffs on imports from the European Union and Mexico. While expressing disappointment at the move, both parties emphasized the importance of dialogue and unity in avoiding......

Tanger Med port invests $500 million to double truck terminal capacity

Tanger Med, Morocco's largest port and a critical logistics hub in the Mediterranean region, has unveiled a $500 million (MAD 5 billion) project to expand its dedicated truck terminal. The initiative aims to double the terminal's capacity, aligning with the surge in Morocco's trade activity,......

Australian prime minister Albanese begins China trip to strengthen trade ties

Australian Prime Minister Anthony Albanese has embarked on a weeklong visit to China, aiming to fortify economic relations between the two nations. The visit, which commenced this weekend, includes high-level meetings with top Chinese officials and a focus on rebuilding trade following years of strained......

New Morocco-Saudi shipping line to boost trade and cut transit time

A planned direct shipping line between Morocco and Saudi Arabia is set to revolutionize trade relations, benefiting over 100 Moroccan exporters by significantly reducing transit times and increasing market access. The initiative seeks to deepen bilateral trade ties and enhance economic cooperation between......

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