Topic: #trade
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Trump raises tariffs on Chinese goods to 20%, reigniting trade tensions
President Trump has pushed cumulative tariffs on Chinese imports to 20%, marking another escalation in trade policy after a brief November 2025 truce. The move follows a Supreme Court ruling in February that struck down emergency tariff powers, while Chinese exporters continue rerouting shipments to dodge duties.
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Senate passes bipartisan bill for 100% tariffs on Russian energy
A bipartisan group of US senators agreed on legislation that would authorize tariffs as high as 100% on major purchasers of Russian oil and gas, while extending sanctions against Iran through 2031. The bill also aims to close loopholes in Russia's shadow fleet and delayed progress on crypto regulation.
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US import prices rise 0.3%, Chinese costs hit highest since 2008
US import prices climbed 0.3% in June 2026, but Chinese import costs jumped 0.9%—the largest monthly surge since January 2008—complicating inflation expectations and potentially delaying Fed rate cuts.
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Maersk raises 2025 profit guidance on European demand surge
A.P. Moller-Maersk lifted its full-year EBITDA forecast to $8-9.5 billion, citing strong container demand outside North America, but cautioned that a wave of new vessel deliveries will depress earnings significantly in 2026.
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G7 Caps Rare Earth Imports at 60% Per Country by 2030
G7 leaders meeting in France committed to diversifying rare earth supply chains away from China, capping any single country's share of imports below 60% by 2030 with an aspirational 50% target, and launching a new critical minerals alliance with the International Energy Agency.
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TSMC's $250B US investment shields Taiwan's chip dominance from geopolitical risk
Taiwan Semiconductor Manufacturing is funneling $250 billion into US chip production under a January 2026 trade deal while keeping its most advanced 2nm nodes at home, strengthening deterrence against military disruption and deepening Taiwan's economic ties with Washington.