Foley Wines secured regulatory approval to scale back operations and export targets at its Mt Difficulty winery in Central Otago due to post-pandemic market downturns, according to regulatory documents released by Land Information New Zealand (LINZ). The company, majority-owned by American businessman William Foley, cited a 20% drop in international tourism, high operating costs, and … Read more
Canada imposed retaliatory tariffs ranging from 15% to 50% on $20 billion in U.S. goods just after midnight ET on Tuesday, according to Canadian officials and government announcements. The levies extend a trade war between the two partner nations following the collapse of discussions, as the Trump administration moved forward with a previously stated warning … Read more
The United States administration has accused over 40 countries, including Azerbaijan, Georgia, Kazakhstan, and Uzbekistan, of acting as accomplices in helping China evade tariffs to maintain its US-bound exports, according to a White House white paper titled The Great Transshipment Scam. Released in August 2026, the document states that Chinese-led tariff evasion schemes are costing … Read more
President Donald Trump’s ongoing tariff strategy intended to incentivize American manufacturing and discourage trade with China may be backfiring, as U.S. companies increasingly reinvest in Chinese suppliers due to fluctuating import taxes, according to industry executives and trade economists. Why U.S. Companies Are Returning to Chinese Suppliers When U.S. tariffs on China ballooned, Texas-based flashlight … Read more
Two small American businesses are suing Donald Trump in the US Court of International Trade to halt new global import levies, according to a legal complaint filed by the non-profit law firm Liberty Justice Center. The litigation challenges trade actions that impose a 12.5 per cent tariff on Australian goods alongside levies on scores of … Read more
Former president Thabo Mbeki has used the 250th anniversary of United States independence to call for a renewal of diplomatic ties, even as trade and political tensions persist between Pretoria and Washington. While Mbeki highlighted a long history of shared democratic ideals, current relations face significant strain due to US trade tariffs, the exclusion of … Read more
Italian Prime Minister Giorgia Meloni has escalated a public dispute with Donald Trump after the former U.S. president mocked her on Friday for allegedly “begging” for a photograph at a recent G7 summit. Meloni denied the claim, accusing Trump of inventing the incident, while her government responded by canceling a planned diplomatic visit to the … Read more
European leaders are weighing aggressive trade protections against China as the EU’s trade surplus with Beijing reached 360.6 billion euros in 2025. French President Emmanuel Macron has suggested implementing measures similar to the U.S. Section 301 to defend European industries from a surge in Chinese exports. Why is the EU trade gap with China expanding? … Read more
The New Era of Trade Compliance: What Singapore’s Tariff Warning Means for Global Supply Chains The landscape of international trade is shifting beneath our feet. A recent investigation by the Office of the United States Trade Representative (USTR) has placed Singapore—a global hub for logistics and manufacturing—in the crosshairs of a proposed 12.5 per cent … Read more
The New Trade Frontier: Why Forced Labor Claims are the New Tariff Battlefield In the high-stakes game of international trade, the rules are being rewritten. As traditional legal avenues for tariffs face scrutiny from high courts, governments are increasingly turning to the moral high ground—specifically, the battle against forced labor—to justify protectionist economic policies. Donald … Read more