Tariffs news and archive

Mexico eliminates tariff-free footwear imports to protect its industry

The Mexican government announced on Thursday the elimination of a temporary trade regime that allowed the tariff-free import of finished footwear. This has reduced production and employment in the sector, according to President Claudia Sheinbaum. This decision is the latest in a series that the left-wing government has implemented. It aims to...

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US ends de minimis loophole for international imports

As of Friday, the US has abolished duty-free imports for goods valued under 800 dollars. President Donald Trump initially lifted the exemption for China. At the end of July, he also ordered the end of duty-free status for parcels from around the world. International postal services had already restricted shipments to the US in recent weeks due...

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New US tariffs against India over Kremlin dealings in effect

New US tariffs on imports from India due to its oil trade with Russia have come into effect. As of Wednesday, the United States is imposing an additional tariff of 25 percent on products from the South Asian country, according to a document in the US Federal Register. Former US President Donald Trump ordered the move in early August. This...

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Trump threatens tariffs over digital laws; EU counters

The EU remains unfazed by new tariff threats and demands from US president Donald Trump. Spokespeople for the European Commission, responsible for EU trade policy, made it clear in an initial reaction that the EU will not be dictated to by Trump regarding the rules it sets for digital platforms and businesses. They also referred to the recent...

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Global postal services suspend US shipments amid de minimis changes

Global postal services are enacting either a full or partial pause on shipments to the US amid the region’s changes to the de minimis rule, which had allowed for packages worth under 800 dollars to enter the country duty-free. First introduced in 2016, President Donald Trump had first brought the exemption to an end in May for goods imported...

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DHL restricts parcel shipments to the US

Due to new customs regulations, DHL is significantly restricting parcel shipments from Germany to the US. The Bonn-based group, which also operates under the Deutsche Post brand domestically, announced that for the time being, only parcels declared as gifts with contents valued up to 100 US dollars will be transported there. Parcels from private...

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Walmart on Trump tariffs: our costs are rising every week

US President Donald Trump's import tariffs are increasingly affecting supermarket giant Walmart. Chief executive officer Doug McMillon stated in a conference call following the release of quarterly figures that Walmart's costs have been increasing "every week" when replenishing stock. He expects this trend to continue in the current quarter and...

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India suspends raw cotton import duties until September 2025

The Indian government has temporarily exempted all customs duties on raw cotton imports, effective from August 19 to September 30, 2025. The exemption removes an 11 percent import duty, which included a 5 percent basic customs duty, a 5 percent agriculture infrastructure and development cess, and a 10 percent social welfare surcharge. This...

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India suspends raw cotton import duties until September 2025

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Rising competition from China creates employment problems, according to the ECB

According to a recent study by the European Central Bank (ECB), trade tensions with the US, leading China to export more to the Eurozone, may cause problems. This could lead to fewer job opportunities for Europeans and increased unemployment. The study, by ECB senior economists Clémence Berson, Claudia Foroni, Vanessa Gunnella and Laura...

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Crisil Report: 25 percent US tariff to hurt Indian exports

A new report by Crisil Ratings, an Indian ratings agency, warns that a new 25 percent tariff on Indian imports to the U.S. could significantly hurt key export sectors. The tariff, which goes into effect on August 27, 2025, is set to make exports from industries like home textiles, carpets, and readymade garments commercially unviable. The report...

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US Tariffs impact Brazilian footwear industry: Export slowdown and job loss concerns

Abicalçados, the Brazilian Footwear Industries Association, analysed data based on figures from Secex, the Foreign Trade Secretariat. The analysis highlighted that in July, footwear exports totalled 76.74 million dollars. This represents a decrease of 11.8 percent compared to the same month in 2024. In the first seven months of 2025, exports...