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7 August 2026

Trade & Tariffs

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Cuban Foreign Minister Condemns US Sanctions as ‘Cruel Warfare’ at the UN General Assembly
Trade & Tariffs

Cuban Foreign Minister Condemns US Sanctions as ‘Cruel Warfare’ at the UN General Assembly

Cuban Foreign Minister Bruno Rodriguez denounced US sanctions as a form of multidimensional warfare, accusing Washington of worsening humanitarian suffering and threatening Cuba at the UN General Assembly.

DeepSeek Develops Custom AI Chip to Reduce Dependence on Huawei and NVIDIA Amid Trade Limits
Trade & Tariffs

DeepSeek Develops Custom AI Chip to Reduce Dependence on Huawei and NVIDIA Amid Trade Limits

Chinese startup DeepSeek plans to launch its own AI inference chip to gain hardware control and sidestep reliance on Huawei and NVIDIA despite manufacturing and sanction challenges.

Pakistan Opens New Trade Corridors Through Iran and China to Bypass Afghanistan
Trade & Tariffs

Pakistan Opens New Trade Corridors Through Iran and China to Bypass Afghanistan

Pakistan has launched two new overland trade corridors via Iran and China, reducing reliance on Afghanistan amid security concerns and regional instability.

DJI and Insta360 Escalate Patent Battle with New Lawsuits in China
Trade & Tariffs

DJI and Insta360 Escalate Patent Battle with New Lawsuits in China

After dropping their U.S. legal actions, DJI and Insta360 shift their patent disputes to China, filing multiple claims over key camera and gimbal technologies.

President Lee Urges Swift Progress on Semiconductor and AI Investment Projects
Trade & Tariffs

President Lee Urges Swift Progress on Semiconductor and AI Investment Projects

President Lee Jae Myung urged faster government action to accelerate large-scale chip cluster and AI investments, emphasizing streamlined procedures and immediate infrastructure support.

Sanctioned States Increased Cryptocurrency Use Nearly Eightfold in 2025
Trade & Tariffs

Sanctioned States Increased Cryptocurrency Use Nearly Eightfold in 2025

Sanctioned countries including Iran, North Korea, and Russia processed over $100 billion in cryptocurrency last year, using digital assets to evade restrictions and finance military operations.

Iran and Qatar Restart Maritime Trade After Five-Month Halt
Trade & Tariffs

Iran and Qatar Restart Maritime Trade After Five-Month Halt

Iran has resumed maritime shipping with Qatar following a five-month suspension, marking a cautious step toward restoring regional trade after recent conflicts.

EU’s Declining U.S. LNG Imports Challenge Ambitious Energy Trade Commitment
Trade & Tariffs

EU’s Declining U.S. LNG Imports Challenge Ambitious Energy Trade Commitment

Europe’s sharp drop in U.S. LNG imports amid higher Asian prices raises doubts about meeting the EU’s $750 billion energy purchase pledge under the recent trade deal.

India-Israel Bilateral Investment Agreement Enters into Force to Boost Economic Partnership
Trade & Tariffs

India-Israel Bilateral Investment Agreement Enters into Force to Boost Economic Partnership

The India-Israel bilateral investment agreement, effective from July 2026, aims to enhance investor protection and promote cross-border investments between the two nations.

Japan Considers Resuming Iranian Oil Imports Amid Sanctions Waiver and Shipping Concerns
Trade & Tariffs

Japan Considers Resuming Iranian Oil Imports Amid Sanctions Waiver and Shipping Concerns

Japan explores resuming Iranian crude purchases under a limited U.S. sanctions waiver, with buyers seeking extended terms and assurances on tanker safety in the Persian Gulf.

US Agricultural and Manufacturing Groups Back Trump’s USMCA Review to Address Trade Concerns
Trade & Tariffs

US Agricultural and Manufacturing Groups Back Trump’s USMCA Review to Address Trade Concerns

Key US industry representatives and lawmakers from both parties support President Trump’s decision to review the USMCA agreement before renewal to fix trade imbalances and enforcement issues.

Trump’s Trade War Led to a Sharp $15 Billion Drop in U.S. Farm Exports to China
Trade & Tariffs

Trump’s Trade War Led to a Sharp $15 Billion Drop in U.S. Farm Exports to China

U.S. agricultural exports to China declined significantly under Trump’s tariffs, with losses concentrated in key farming regions and soybean shipments cut by three-quarters.