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Mexican truckers plan an indefinite strike from Monday, Trump says a tariff deal is near, and two cross-border disputes over crime and labour add pressure. The post The Big Read: Mexico, Sunday 25 October appeared first on The Rio Times.
President Donald Trump defended his decision to wield tariffs during a campaign rally in Georgia, saying they have made the US richer, as he announced that Volkswagen agreed to build a new US$4.2 billion Audi plant in the state. “Think of that. 200,000 cars a year. That’s incredible,” Trump told a crowd in the city of Perry. “This will be the single largest investment in US auto industry history, modern history.” Later, he added, “Without tariffs, they wouldn’t be coming in.” Trump was speaking...
The anxiety gripping Seoul is palpable. Under US pressure, South Korea signed a US$350 billion investment deal last November for a 10-percentage-point tariff reduction, billing it as a strategic alliance. Barely a year on, the facade has crumbled. Last month, US President Donald Trump announced a US$200 billion tranche of the deal with no South Korean official present. Blindsided, Seoul restated its “commercial viability” clause. Trump’s response was blunt. “If they don’t want to do it, that’s...
Trump said Friday the US and Mexico are very close to a tariff deal, echoing Sheinbaum. Tariffs of 50% on steel and 25% on cars still apply. The post Trump Says Mexico Tariff Deal Near, 23 Oct appeared first on The Rio Times.
From 30 October, tariffs will be eased on some products, including certain machinery, and placed on others, such as carpets.
The Trump administration is expanding tariff exemptions to more Canadian products, a move that may help boost Republican Senator Susan Collins’ re-election campaign in Maine. Collins announced in a statement on Friday that the exemptions would apply to certain paper, plastic, machinery and seaweed products, saying they would help the state’s rural and coastal economy, including the blueberry, potato, apple and seaweed industries. “Many of our farmers and growers rely on specialised equipment,...
Hong Kong’s surging exports amid recent global trade shifts and tariff measures are reason to celebrate. However, they have not reversed the decline in the city’s port’s container throughput, which hit 12.99 million 20-foot equivalent units in 2025, down 5.1 per cent year on year. To address public doubts over the city’s standing as an international shipping centre, Hong Kong’s first five-year plan seeks to transform the maritime hub from being throughput-driven to value-driven. The policy...
A 50% section 338 tariff now hits Canadian alcohol, dairy, wood and other goods, raising costs for US importers and testing a 1930 trade law. The post Section 338 Tariffs on Canada Explained appeared first on The Rio Times.
O Brasil definiu as regras para empresas que desejam exportar produtos à Noruega com benefícios tarifários previstos no acordo comercial entre o Mercosul e a Associação Europeia de Livre Comércio (EFTA). A regulamentação foi publicada pela Secretaria de Comércio Exterior (Secex), vinculada ao Ministério do Desenvolvimento, Indústria, Comércio e Serviços (MDIC), e os benefícios começam a valer em 1º de novembro de 2026. Notícias relacionadas:Brasil promulga acordo de livre comércio entre Mercosul e EFTA.Balança comercial tem superávit de US$ 7,74 bilhões em setembro.Petróleo sobe 2% com suspensão de exportações pela China.A medida estabelece como os exportadores brasileiros poderão acessar as cotas tarifárias negociadas para o mercado norueguês. O mecanismo permite que determinados volumes de produtos sejam comercializados com tarifas reduzidas ou outras condições preferenciais, conforme as regras estabelecidas no acordo. Entre os produtos contemplados estão carne, mel, milho, maçãs e outros itens agrícolas e pecuários. Produtos contemplados As cotas tarifárias estabelecem limites de quantidade para a exportação de determinados produtos com condições comerciais preferenciais. Na prática, as empresas podem obter vantagens no pagamento de tarifas de importação no país de destino, desde que cumpram os requisitos previstos. A regulamentação brasileira abrange as exportações dos seguintes produtos para a Noruega: Carne bovina; Carne de aves e suas preparações; Mel natural; Batatas e maçãs frescas; Trigo duro e milho; Melaço de cana; Suco de maçã; Farinha de soja; Cavalos vivos. O acesso aos benefícios depende da disponibilidade de saldo nas cotas e do cumprimento dos procedimentos exigidos pela Secex. Como pedir Os pedidos serão realizados digitalmente pelo Portal Único Siscomex, sistema utilizado pelo governo federal para administrar operações de comércio exterior. O procedimento seguirá a ordem de apresentação dos pedidos. Isso porque, em 2026, não haverá distribuição prévia entre os países do Mercosul dos volumes negociados para as cotas de exportação. O processo funciona da seguinte forma: Pedido de licença: a empresa exportadora registra o pedido no módulo "Licenças, Permissões, Certificados e Outros Documentos (LPCO)" do Siscomex. Verificação do saldo: a Secex confere se ainda há quantidade disponível na cota pedida. Reserva da quantidade: se houver saldo, o volume correspondente é reservado e a licença é aprovada. Realização da exportação: a empresa tem até 60 dias para efetivar a operação, vinculando a licença à Declaração Única de Exportação (DUE). Emissão do certificado: após o desembaraço aduaneiro da carga, é emitido o Certificado de Autorização de Cotas Mercosul, documento que permite pedir a aplicação do benefício tarifário no mercado norueguês. Se a licença não for vinculada à DUE no prazo estabelecido ou for cancelada pelo exportador, o certificado será anulado e a quantidade reservada voltará ao saldo disponível para outras empresas. O que é o acordo O acordo de livre comércio entre o Mercosul e a EFTA foi assinado em 2025, no Rio de Janeiro, e promulgado pelo Brasil, em setembro deste ano. A EFTA é um bloco europeu formado por quatro países: Noruega, Islândia, Suíça e Liechtenstein. O objetivo do acordo é reduzir barreiras comerciais e ampliar o acesso de produtos e serviços aos mercados participantes, criando condições mais favoráveis para as trocas internacionais. A aplicação do acordo, porém, ocorre conforme os procedimentos concluídos por cada país. Para o Brasil, as regras comerciais entraram em vigor com a Islândia em 1º de outubro de 2026 e começam a valer com a Noruega em 1º de novembro. Suíça e Liechtenstein ainda não concluíram as etapas nacionais necessárias para a aplicação do instrumento. Além disso, segundo o MDIC, a Islândia não abriu cotas para exportações do Mercosul. Por isso, a regulamentação publicada agora trata especificamente das cotas destinadas à Noruega. Impacto no comércio O acordo prevê uma ampla redução de tarifas entre os países participantes, embora os benefícios variem conforme o produto e o mercado. De acordo com os dados divulgados pelo governo brasileiro, a EFTA eliminará, na entrada em vigor do acordo, 100% das tarifas de importação aplicadas aos setores industrial e pesqueiro. Segundo o MDIC, considerando os setores agrícola e industrial, os percentuais do valor das exportações brasileiras incluídos no regime de livre comércio serão: Islândia: 100%; Liechtenstein: 100%; Noruega: 99,8%; Suíça: 97,7%. Do lado brasileiro, aproximadamente 97% do comércio com a EFTA será liberalizado em regime de livre comércio. Outros 1,2% terão redução parcial de tarifas, incluindo mecanismos como cotas tarifárias e preferências fixas. Para produtos sujeitos à redução gradual de tarifas, os prazos variam conforme as condições negociadas, podendo chegar a 15 anos.
Chinese carmakers, facing a European Union import quota targeting their hybrid electric vehicles (EVs), are gearing up for more local production to reinforce their go-global drive. They plan to either splash out billions of yuan to set up their own factories or tap international marques’ idle plants to build their vehicles, looking to sustain a sales boom in one of the world’s major automotive markets. “Global growth shifts from exporting vehicles to Europe to producing them locally, from...
Ramaphosa said on Monday 19 October that he must prepare South Africa for losing AGOA, the US duty-free trade scheme, and called the job impact devastating. The post South Africa Plans for US AGOA Loss 19 Oct appeared first on The Rio Times.
Since Donald Trump came back into office, copper has surged on a seismic reshuffling of global inventories linked to the risk that he’ll impose tariffs on the metal. But as Trump nears the halfway mark on his second term, the market’s many bulls are growing wary that prices could crash if he doesn’t follow through.
President Trump waived new Russia tariffs before they took effect on 18 October, but the threat stays legally available and could reach Brazil's fertiliser. The post Russia Sanctions Waiver Leaves Latin American Buyers Exposed appeared first on The Rio Times.
US steel prices climbed to the highest in more than four years as President Donald Trump’s tariffs restrict foreign supplies, boosting domestic producers while raising costs for American manufacturers.
Chemicals and industrial machinery were identified as the top priority industries the EU needs to shield against Chinese imports during a meeting between the EU’s top leaders in Brussels on Thursday. European Commission President Ursula von der Leyen told the bloc’s 27 member states that the EU should consider quickly introducing safeguard measures, which can involve import quotas and tariffs, to shield these sectors from a wave of cut-price alternatives from China, according to people familiar...
Asia Society President and former Australian Prime Minister Kevin Rudd says the US and China are in "relative stability mode" after last month's leaders' summit in Washington. He speaks on the sidelines of Bloomberg's New Economy Forum in New Delhi. (Source: Bloomberg)
Bolivia wants private and foreign money to build new power plants. Here is what the draft law changes, where it stands and what it means for tariffs. The post Bolivia Electricity Law Explained, From Auctions to Tariffs appeared first on The Rio Times.
Weeks of high-wire negotiations between China and the EU culminated in a surprise trade deal that will, among other measures, impose strict quotas on Chinese hybrid car exports to the bloc and slash Chinese tariffs on a variety of European goods. The deal, unveiled on Friday, takes some of the heat out of searing bilateral trade tensions and temporarily averts the prospect of a bruising trade war. Beijing agreed not to retaliate against Brussels’ move to curb imports of Chinese hybrid cars,...
For Doug Rende, who runs an aluminium product manufacturer in the US state of Ohio, President Donald Trump’s tariffs have meant millions of dollars more in annual costs – and recently, the Iran war has made shipments even more expensive. Rende is CEO at Shapes Unlimited, one of many American producers smarting from Trump’s economic policies as the midterm election approaches. “Frustrating would be one word,” Rende said. “And I think that we’re sensing a lack of trust in not only the...
The Port of Los Angeles, the largest container port in the United States and the country’s leading gateway for imports from China and other Asian countries, had its busiest three-month period on record from July through to September, despite persistent uncertainty over tariffs and shifting global trade supply chains. “If there was ever a time for a drum roll, this is it,” said Gene Seroka, executive director of the Port of Los Angeles, during a media briefing on Friday. “July through September...
Dominican rice farmers warn that scrapping tariffs of up to 99% on US rice will depress prices, while the government vows not to abandon growers. The post Dominican Rice Farmers Say US Imports Risk 300,000 Jobs appeared first on The Rio Times.
Brazil's trade surplus hit US$7.74 billion in September, led by oil and copper, as exports to the US rose 31.9% despite a 25% American tariff. The post Brazil Trade Surplus Hits US$7.7 Billion in September appeared first on The Rio Times.