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Canada’s finance ministry has instructed the Canadian International Trade Tribunal (CITT) to launch a safeguard inquiry into imports of certain canned and frozen vegetables, covering tariff headings 7.10 and 20.05. The tribunal has 180 days, with a recommendation due by September 9, 2026, and a public hearing scheduled for June 15, 2026. No provisional safeguard has been applied yet, and the investigation excludes fresh, dried and ready‑to‑eat vegetable products. The government is also reviewing a separate safeguard request for wood cabinets, hardwood flooring and engineered wood furniture, though no formal direction has been issued.
India’s tea imports surged to 50.14 million kg in fiscal 2024‑25, exactly twice the 25.21 million kg recorded in 2023‑24. The first ten months of 2025‑26 already show 33.55 million kg imported, underscoring a sustained upward trend. In response, the Tea Board issued strict labeling and...
The U.S. is shifting trade enforcement toward economic security, targeting import‑tariff evasion with a new Trade Fraud Task Force and expanded DOJ whistleblower incentives. In 2025 CBP collected a record $200 billion in tariffs, prompting $2 million funding for the task force...
Indian textile exports fell 2.1% YoY to $18.36 bn in April ’25‑February ’26, while apparel exports edged up 0.5% to $14.53 bn. Combined, the sector’s total exports slipped 1% to $32.89 bn versus the previous year. February 2026 showed a sharper apparel decline...
India’s Commerce Secretary Rajesh Agrawal announced that the country will postpone signing the bilateral trade agreement with the United States until Washington finalizes a revised tariff framework. The delay follows a U.S. Supreme Court decision that invalidated several Trump-era tariff...
China has pledged a non‑repayable $61 million grant to build nine border posts along Tajikistan’s Afghan frontier, covering 17,109 sq m of observation posts and headquarters. The project follows a series of lethal attacks on Chinese workers in late 2025, which heightened Beijing’s security...
Iran’s renewed aggression in the Strait of Hormuz triggered a sharp rebound in Brent crude, pushing prices above $103 a barrel, and sent U.S. diesel to a multi‑year high of $5 per gallon. Tehran’s threats to halt oil shipments through...
India’s parliamentary panel urged the Department of Economic Affairs to develop a strategic energy mitigation framework to shield the economy from oil price volatility. The report highlighted the need for a coordinated national strategy on critical minerals, calling for diversified...
Iran and its proxies have intensified drone and missile strikes on UAE energy infrastructure, targeting both downstream storage hubs and upstream production sites. A fire at Fujairah port halted oil loading and forced berths to close, while a drone hit...
Kuwait re‑entered the international sovereign market in September 2024, issuing an $11.25 billion eurobond – its first external debt sale since 2017. The issuance was enabled by a new debt law approved in March 2025 that authorises up to KD30 billion (≈$97 billion)...
The U.S. Trade Representative (USTR) has opened Section 301 investigations into forced‑labour practices in roughly 60 economies, including China, the EU, India, Japan and others. The probes will assess whether these countries’ measures are unreasonable, discriminatory, or burden U.S. commerce. USTR...
South Korea’s Ministry of Trade, Industry and Energy imposed mandatory caps on refined fuel exports, limiting shipments to 100 % of the monthly 2025 volumes and introducing wholesale price ceilings for gasoline, diesel and kerosene. The measures, effective 13 March, aim to...
Governor Jorgovanka Tabaković used the 33rd Kopaonik Business Forum to underline Serbia’s industrial re‑industrialisation agenda while highlighting the National Bank’s macro‑economic results. She reported 2025 inflation at 2.7%, a stable dinar, record‑high foreign‑exchange and gold reserves, and a €48 bn export...
Thailand’s commerce ministry is negotiating a barter arrangement with Iran and other Middle‑East nations, offering processed food and raw materials in exchange for safe passage of Thai vessels carrying plastic pellets and fertiliser. Minister Suphajee Suthumpun warned that Thailand’s domestic...
Alberto Naudón highlighted that Chile’s 2025 economy outperformed expectations, with non‑mining growth near 3% and gross fixed capital formation rising about 7%. Inflation accelerated early in the year but fell faster than projected, positioning headline inflation around 3.5% and core...
The Supreme Court invalidated the Trump administration’s executive‑order tariffs on foreign goods, reaffirming that Congress alone controls commerce regulation. The ruling does not eliminate presidential tariff authority, as statutes like the Trade Act’s Section 301 and Section 122 still grant limited powers....
Russia’s military announced the capture of twelve settlements in Ukraine during the first two weeks of March, extending its foothold along both the eastern and southern fronts. The advances were highlighted by General Valery Gerasimov during a frontline visit. Kyiv’s...
Chinese President Xi Jinping announced plans to establish an international port alliance under the Belt and Road Initiative, aiming to link key maritime chokepoints such as the Strait of Hormuz and the Panama Canal. The proposal comes as China faces...
Global funds are turning to Malaysia as the Iran‑Russia conflict rattles Asian markets. The country’s political stability, current‑account surplus and status as one of the few net oil exporters in the region have limited equity outflows, keeping the KLCI near‑flat...
U.S. President Donald Trump announced he will push back the high‑profile summit with Chinese President Xi Jinping by roughly a month, moving it from the end of March to early May. The delay is attributed to the escalating war in...
South Korea and Japan have led global equity sell‑offs after the US‑Israel‑Iran conflict drove oil prices above $100 a barrel. The Kospi plunged 12% and the Nikkei slid nearly 9% since February 28, outpacing declines in Europe and the United States....
Redfin economists expect mortgage rates to keep oscillating as the Iran‑Israel conflict pushes energy prices higher and markets brace for the Federal Reserve’s second‑to‑last FOMC meeting this week. Mortgage rates have climbed from roughly 6.0% to 6.36%, while the ten‑year...
Governments across Asia and Europe are rolling out fuel subsidies, price caps, and emergency stock releases to blunt the surge in energy and food costs triggered by the US‑Israeli war on Iran. The conflict has cut roughly one‑fifth of global...
Since the third Gulf war erupted three weeks ago, the closure of the Strait of Hormuz has immobilized roughly 10‑15 % of global oil supply, pushing Brent crude above $106 a barrel. President Donald Trump has ordered the largest-ever strategic reserve...
Moody’s chief economist Mark Zandi warned that a sustained oil‑price spike—driven by the Iran conflict and a closed Strait of Hormuz—could push the U.S. into a recession. Moody’s machine‑learning recession model, which previously indicated a 49% chance, is expected to...
Canadian pulse exporters say sales to the Middle East have effectively frozen due to the Iran‑related conflict. Shipping lines are diverting cargo, imposing surcharges up to $2,000 per container and rerouting fees, making deliveries unsafe and uneconomical. The MENA region,...
U.S. envoy Steve Witkoff reactivated a direct texting channel with Iran’s foreign minister Abbas Araghchi amid the two‑week war. The exchange, focused on ending hostilities, marks the first known direct contact between the parties since the conflict began. Iran’s foreign...
Walmart has finalized its 2026‑27 trans‑Pacific shipping contracts with six major carriers, prompting container lines to resume stalled negotiations. The war in the Middle East had paused talks, but carriers now urge importers to lock in space allocations before the...
The article argues that any credible reconstruction of Gaza must first secure financial agency for Palestinians, who currently rely on Israeli banks and indemnity waivers to access cash and digital payments. Recent moves by Israel’s finance ministry threaten to cancel...
A $10 jump in oil prices, driven by geopolitical risk, has jolted global equities but left U.S. stocks surprisingly resilient. The United States, now a net oil exporter with most imports from Canada and Mexico, experiences a lagged impact on...
India’s Directorate General of Foreign Trade announced that, effective immediately, imports of silver jewellery studded with cheap diamonds are restricted until June 30, 2026. The move targets a surge in such items from ASEAN nations that have been entering India...
China is reinforcing energy self‑sufficiency as the Iran‑Ukraine war disrupts oil supplies. Xi Jinping’s 2021 oilfield visit underscored a Maoist‑style “rice bowl” doctrine, urging domestic production and strategic reserves. Beijing has accelerated renewable investments, expanded state‑owned oil drilling, and built...
The U.S. 10‑year Treasury yield is projected to climb into a 4.25‑4.5% band before easing back toward 4%, driven by higher nominal and real yields after the war’s shock. Even as the conflict winds down, inflation expectations remain structurally elevated,...
The United States and Ecuador have finalized a reciprocal trade agreement that extends most‑favored‑nation (MFN) tariffs to a range of Ecuadorian products such as flowers, coffee, fruits and chemicals, while granting Ecuador preferential treatment for future US tariff actions. In...
In a March 2026 Atlantic Council podcast, EXIM Bank chairman John Jovanovic outlined how the Trump administration’s economic strategy hinges on resilient, "free, fair, and functioning" supply chains. He highlighted the bank’s role in financing U.S. exporters amid heightened geopolitical...
UK mortgage rates edged higher on Monday, with the average two‑year fixed rate climbing to 5.20% and the five‑year rate to 5.25%, reflecting market expectations that the Bank of England will keep policy tight. At the same time, pump prices...
The Swiss National Bank (SNB) is expected to keep its policy rate at 0% as inflation remains near‑zero, hovering between 0.1% and 0.3% year‑on‑year. Recent forecasts show a modest rise to 0.2% in 2026 and 0.8% by mid‑2028, supporting a...
ING’s research team released its latest foreign‑exchange forecast table on 16 March 2026, drawing on Refinitiv data and internal modeling. The outlook covers major pairs such as USD/EUR, GBP/USD, and emerging‑market currencies, highlighting expected rate movements through the year. Analysts attribute the...
The war in Iran has crippled the Strait of Hormuz, halting non‑Iranian sea traffic and forcing airlines to reroute over the Middle East. Air freight rates on affected corridors have surged more than 70%, while shipping companies avoid the risk...
U.S. oil prices breached the $100 mark after President Trump threatened additional strikes on Iran’s Kharg Island, reigniting geopolitical risk in the energy market. A federal judge blocked subpoenas targeting the Federal Reserve, extending the Justice Department’s probe into Chair...
India’s overall unemployment rate slipped to 4.9% in February, down from 5.0% in January, driven primarily by a decline in urban joblessness. Urban unemployment fell to 6.6% from 7.0%, with female urban unemployment dropping to 8.7% from 9.8%. Rural unemployment...
The United States carried out large‑scale strikes on Iran’s Kharg Island over the March 14‑15 weekend, targeting military facilities while sparing the island’s crude export terminal. Kharg processes over 90 % of Iran’s oil shipments, so the attacks raise geopolitical tension...
European Commission President Ursula von der Leyen warned that the US‑Israeli war in Iran will have direct and indirect repercussions for the EU, citing massive internal displacement in Iran and Lebanon. The Commission announced €458 million in humanitarian aid for Egypt,...
A RAPID study shows Bangladeshi garment exporters receive 5‑18% higher prices in the EU than in the US for their top ten products. For T‑shirts, German buyers pay a 20‑27% premium, while trousers fetch 9‑15% more. Exporters typically charge about...
India's coastal authorities seized three U.S.-sanctioned oil tankers—Stellar Ruby, Asphalt Star and Al Jafzia—on February 6, alleging illicit trade links to Iran. Tehran has offered to release the vessels in exchange for guaranteed safe passage of Indian‑bound ships through the Strait...
Matthew Kroenig, senior director at the Atlantic Council’s Scowcroft Center, was interviewed on CNN on March 13 to defend President Trump’s approach toward Iran. He claimed that recent U.S. actions, including expanded sanctions and calibrated military signaling, are deliberately weakening...
Air freight between Asia and Europe is tightening as the US‑Iran war curtails Middle‑East corridors, which handle roughly 30% of the trade lane. Simultaneously, jet fuel prices have doubled, prompting carriers to add steep fuel surcharges on top of already...
Africa is emerging as a strategic source of rare earths and critical minerals as the United States seeks alternatives to China-dominated processing. The continent hosts vast deposits, including DRC cobalt, Zimbabwe lithium, and new rare‑earth projects in Namibia, Tanzania, and...
Statistics Canada reported Canada's consumer price index increased 1.8% year‑over‑year in February, a slowdown from January’s 2.3% gain. The deceleration was largely driven by the end of the GST/HST temporary break, which pushed restaurant prices higher while gasoline and other...
