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Tariff
United States
US Imposes 17% Tariff on Mexican Tomatoes After Withdrawing From Agreement
On Monday, the U.S. introduced a 17% duty on fresh tomatoes from Mexico, which account for two-thirds of U.S. tomato consumption. This move terminates a 2019 tr…
Metal
Trump Says US to Impose 50% Tariff on Copper Imports, Copper Futures Jump
On July 8, 2025, U.S. President Donald Trump announced plans to impose a 50% tariff on copper imports during a White House cabinet meeting. The measure aims to …
Transformer
Siemens to Begin Manufacturing Large Power Transformers in US by 2027
Siemens Energy plans to start manufacturing industrial-scale large power transformers (LPTs) in the United States by 2027, addressing growing demand and high im…
United States
GlobalFoundries Pledges $16BN US Expansion to Avoid Trump Tariffs
GlobalFoundries, a major semiconductor manufacturer, announced a $16 billion investment to expand its production facilities in New York and Vermont, responding …
Metal
US Steel, Aluminum Imports From UK to Remain at 25%
On June 3, 2025, U.S. President Donald Trump signed a proclamation maintaining tariffs on steel and aluminum imports from the United Kingdom at 25%, while incre…
Metal
US Aluminium, Steel Prices Jump, Shares Drop on Trump’s New Tariffs
On June 4, 2025, new U.S. tariffs on steel and aluminium imports, set at 50%, took effect, as announced by President Donald Trump on Friday. The U.S., a major s…
Metal
Trump’s Tariff Reprieve Pushes Gold Down for Second Straight Session
Gold prices fell for the second straight session on Tuesday, driven by improved market sentiment after U.S. President Donald Trump decided to delay tariffs on t…
Canada
Canada’s Pork Sector Under Pressure: Quebec Clashes and China Tariffs Weigh Heavy
Canada’s pork industry is navigating challenges from regional production disputes in Quebec to export difficulties due to high tariffs imposed by China. T…
Geothermal Power Plant
Nevada Approves First-Of-Its-Kind Geothermal Power Supply Agreement
The Public Utilities Commission of Nevada has approved the Clean Transition Tariff (CTT), a novel rate structure agreed upon in 2024 by Google, NV Energy, and g…
Electricity Trade
Net Electricity Prices for End Customers Fall Below Zero for First Time in Germany
On May 11, 2025, electricity prices for German customers with dynamic tariffs dropped below zero for the first time this year, after accounting for approximatel…
Thermal Plant
Adani Power to Supply 1.5GW to Uttar Pradesh From an Upcoming Greenfield Power Plant
Adani Power Ltd., India’s leading private thermal power producer, has secured a competitive bid to supply 1,500 MW (net) of thermal power to Uttar Pradesh…
Electric Vehicles
Ferrari Sees Its First Electric Car Powering a Comeback in China
Ferrari NV is set to introduce its first fully electric supercar, the Elettrica EV, in October, aiming to revitalize sales in China by leveraging lower tariff a…
Electric Vehicles
Toyota Is ‘Reviewing’ Its Plans to Sell 1.5 Million EVs Next Year — Again
Toyota, the Japanese automaker, is reassessing its target of selling 1.5 million electric vehicles (EVs) annually by 2026 due to anticipated challenges from new…
United Kingdom
UK-India Trade Deal Opens Doors for British Lamb Exports
A newly signed trade agreement between the UK and India is being hailed by exporters for its potential to significantly reduce tariffs on a wide range of goods,…
United States
Port of Los Angles Foresees “Precipitous Drop” in Next Week’s Cargo Volumes
On April 29, 2025, Gene Seroka, Executive Director of the Port of Los Angeles, appeared on CNBC’s Squawk Box to discuss an expected significant decline in…
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