"We worked hard," WTO Director-General Ngozi Okonjo-Iweala said, adding that the US and Brazil in particular "need more time" to work out their differences over the agreement to impose levies on cross-border online orders.
After Trump ended the de minimis exemption last year, purchasing an item straight from an international vendor, regardless of the item's value, meant incurring International Emergency Economic Powers Act tariffs. Now, thanks to a ruling by the Supreme Court that overturned Trump's IEEPA tariffs, and a ruling by the Court of International Trade ruled that all tariffs paid under IEEPA must be returned, buyers may be able to collect a refund.
In day-to-day operations, solid wood packaging is one of the most common inspection triggers. Compliance sits right at the point where your packing decisions, carrier handover, and border clearance all meet. When any of those three slip, you can end up with a shipment sitting in a depot while marks are verified or packaging is reworked.
The sum of exports and imports between the two countries last year totalled 251.8 billion (roughly $296.6 billion), a 2.1% increase, according to Destatis. China was Germany's most important trading partner from 2016 all the way through to 2023. In 2024, the US briefly held the title. German Chancellor Friedrich Merz is also set to visit China next week, where he is set to discuss trade and other topics.
The government hoped a single trade window (STW) would simplify border processes after Brexit by creating a single digital platform in which importers and exporters could upload all documentation linked to goods before they are transported. However, the STW project was paused in 2024 amid concerns over the cost of implementing the scheme. Government responses to freedom of information requests, submitted by the thinktank TaxWatch and seen by the Financial Times, now suggest no money has been spent on the project since January last year, with the Treasury writing that the programme had been brought to an early closure.
That's after Trump attempted to use the International Emergency Economic Powers Act for the first time as a vehicle for imposing tariffs, when he unveiled his "Liberation Day" duties last year. The tariffs were quickly challenged in court. While arguing the case last spring, Justice Department lawyers acknowledged that if the tariffs were deemed unlawful, then the government would issue refunds to the plaintiffs.
Sulayem's lengthy tenure at the helm of the logistics giant came to an end in a firestorm of controversy over his links with the disgraced financier, after recently declassified documents showed the pair had exchanged messages for years before and after Epstein pleaded guilty in 2008 to soliciting a minor for prostitution. The friendly exchanges between the two include discussions about deals and also mention bin Sulayem visiting Epstein's private island while sharing contacts in business and politics.
The European Commission has launched a new antitrust probe into Google, expanding its long-running scrutiny of the tech giant's advertising practices. Regulators suspect the company may be manipulating the pricing of its search ad auctions, potentially inflating clearing prices "to the detriment of advertisers," according to a February 9 letter sent to affected businesses and seen by Bloomberg. The investigation marks the latest in a series of EU actions against Google,
Stability. Consistency. Ever-changing complexity. With language like that, deployed in separate meetings in three Asian capitals this week, government leaders forged closer ties driven in part by a figure halfway around the world: the president of the United States. And much of the time, they didn't even mention Donald Trump's name. IN BEIJING: The U.K. and Chinese leaders called Thursday for a "long-term, stable, and comprehensive strategic partnership" between their two countries. The important words are long-term and stable. The two countries committed a decade ago to building a comprehensive strategic partnership but progress has been halting at best.
After nearly two decades of negotiations, India and the European Union announced Tuesday they have reached a free trade agreement to deepen economic and strategic ties. The accord, which the EU chief described as the "mother of all deals," could affect as many as 2 billion people. The deal between two of the world's biggest markets comes as Washington targets both India and the EU with steep import tariffs, disrupting established trade flows and pushing major economies to seek alternate partnerships.
Amidst this trend, , a platform for buying and selling digital businesses, is rewriting the script and dismantling those barriers. Under the leadership of CEO Blake Hutchison, the company has connected buyers and sellers across continents, linguistic differences, and price points, closing deals from $100,000 up to $10 million. Now, with the launch of its AI-powered multi-language Deal Room, Flippa is addressing what it sees as one of the last major points of disadvantage in global business deals and M&A, calling it the "Language Tax."
Brussels would be willing to discuss closer trade ties with the UK, including the possibility of cooperation on a customs union, a senior European commissioner has said, signalling the clearest openness yet from the EU to re-engage with Britain.Speaking to the BBC after high-level talks in London, Valdis Dombrovskis, the European Commissioner for Economy, said the EU was "ready to engage with an open mind" if the UK wanted to explore deeper economic alignment.
The upgrade places the EU on the same diplomatic footing as the United States, China and Russia and was announced during a visit to Hanoi by European Council President António Costa. "At a moment when the international rules-based order is under threat from multiple sides, we need to stand side by side as reliable and predictable partners," Costa said, adding that the partnership is about "developing spheres of shared prosperity."
