Brazil
Brazil Says 2,000 Products Are Exempt From Latest US Tariffs
Brazil said about 2,000 products exported to the United States will be exempt from the latest US tariffs, including coffee and orange juice.
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Brazil
Latin America
Mexico Says New U.S. Tariffs Will Not Change Its Effective Trade Treatment
Mexico's economy minister said the country's effective tariff exposure to the United States will remain unchanged, arguing that USMCA-compliant exports will continue to move duty-free while new U.S. measures replace expiring duties on a limited share of goods.
Europe
EU expands sanctions on Russian energy, finance and crypto networks
The European Union adopted a 21st sanctions package against Russia, widening restrictions across banking, crypto services, oil revenues, the shadow fleet, military supply chains and trade channels linked to Moscow's war economy.
Russia
US Sets 12.5 Percent Tariff Rate on Russian Imports
The United States has set a 12.5 percent tariff rate on Russian goods under a new trade action that covers 60 trade partners and replaces a temporary global tariff framework introduced in February.
United States
Trump Moves to Replace Temporary Tariffs With New Duties on 60 Trading Partners
The United States plans to impose new 10% to 12.5% tariffs on imports from 60 countries, shifting from temporary worldwide levies to a trade-law framework tied to enforcement of forced-labor restrictions.
Asia
Japan's Russian Oil Purchases Highlight a Narrow Energy Exception
Japan imported about 1.53 million barrels of Russian oil in May and June at an average price near $103 per barrel, underscoring how limited Sakhalin-linked shipments remain part of Tokyo's energy balance despite sanctions pressure.
India
India Presses China on Fair Trade and Supply Chain Reliability
India's foreign minister used a meeting with Wang Yi in Manila to place trade balance, market access and supply chain predictability at the center of a cautious effort to normalize ties with China.
Russia
EU Moves Forward With New Russia Sanctions and Extended Oil Price Cap
European Union governments reached a political agreement on a new sanctions package against Russia, extending the oil price cap for 12 months and adding restrictions aimed at banks, crypto platforms, oil trading channels and supply networks linked to Moscow's war effort.
United States
Washington Signals Interim USMCA Deals as Full Renewal Slips Into 2027
U.S. Trade Representative Jamieson Greer said Washington hopes to reach separate interim trade arrangements with Mexico and Canada by the end of 2026, while more difficult changes to the North American trade pact are expected to require further work next year.
Africa
Germany Links Nigeria Security Support to Wider West Africa Stability
Germany's foreign minister said Berlin would continue supporting Nigeria's security efforts while seeking broader economic ties, framing instability in the Sahel as a growing risk for West Africa's coastal states.
India
Jaishankar, Rubio Hold Talks on Trade, Tariffs in Manila
Indian External Affairs Minister S. Jaishankar met U.S. Secretary of State Marco Rubio in Manila for wide-ranging talks on trade, tariffs, critical minerals, energy, defence and artificial intelligence, as both leaders reaffirmed their commitment to the Quad and a free and open Indo-Pacific.
Asia
Indonesia Turns to Russian Crude as Hormuz Disruption Tests Asian Energy Security
Indonesia has received its first Russian crude shipment under a broader import arrangement designed to reinforce national reserves as disruptions around the Strait of Hormuz pressure Asian fuel supply chains.