‍

The U.S. administration, under President Trump, has enacted a 25% tariff on $34 billion of Chinese goods, signaling a major escalation in the ongoing U.S.-China trade conflict. China quickly retaliated with its own tariffs on U.S. exports such as soybeans, cars, and seafood. These developments have amplified concerns about disruptions across global supply chains and trade routes, with industries bracing for further rounds of tariff measures. The shipping sector, in particular, is closely monitoring the situation for potential impacts on cargo volumes and international freight demand.

‍

Alongside the rising trade tensions, a significant global tax reform effort is advancing. Spearheaded by the OECD and backed by leading economies, the initiative proposes a 10% global minimum corporate tax to curb tax avoidance by multinational corporations. If widely adopted, this measure could fundamentally alter global business operations, promoting fairer competition across borders. Together, these shifts in trade and tax policies are poised to reshape the landscape of global commerce. Read the full article here.

‍