Oceania
Australia Faces 12.5 Percent US Tariff Under New Trade Framework
Australia has been placed under a 12.5 percent United States tariff as Washington's new tariff framework replaced a temporary 10 percent levy.
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Oceania
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.
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.
Middle East
Saudi Arabia tells UN that Houthi blockade claims are false and ship attacks amount to piracy
Saudi Arabia used a UN Security Council session to reject Houthi claims of a blockade on Yemeni ports and airports, calling the narrative misinformation and warning that attacks on commercial shipping threaten freedom of navigation in the Red Sea.
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.
Middle East
Fincantieri Expands Qatar Role With Navy Training Center Contract
Fincantieri will operate the Qatar Emiri Naval Forces' Training and Simulation Centre under a three-year agreement, extending its presence in the Gulf country from shipbuilding into long-term naval training and knowledge transfer.
Asia
Indonesia Weighs Defense Hub Plan for Underused West Java Airport
Indonesia is considering a plan to turn Kertajati International Airport in West Java into a national defense industry hub, while restoring Bandung's Husein Sastranegara Airport as the region's main commercial gateway.
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.
Latin America
Chinese Car Sales in Mexico Jump Despite 50% Tariffs
Chinese-brand vehicle sales in Mexico surged nearly 30% in the first half of 2026, capturing 17% of the market despite a 50% tariff imposed in January. The rise has alarmed U.S. officials and become a flashpoint in trade pact negotiations, though Mexican officials argue the data is misleading due to pre-tariff inventory buildups.