In addition to rice, Indonesia is resolute in prohibiting imports of corn and table sugar in 2025, and is determined to optimise domestic production through pro-farmer policies in pursuit of food self-sufficiency.
Mexico plans to impose tariffs of as much as 50% on cars and other products made by China and several Asian exporters, aligning the country more closely with US protectionism, as Mexican President Claudia Sheinbaum prepares for talks over North America’s free-trade deal.
The conference will review outcomes of border trade cooperation since 2020 and discuss measures to boost bilateral investment, upgrade border trade infrastructure, and expand future collaboration.
China has approved imports of Brazilian sorghum, an official at Brazil's Agriculture Ministry told Reuters, adding the first cargos could be shipped this year, providing an alternative to plunging U.S. exports sooner than expected by many.
In 2024, the sector smashed records with a 17.9 billion USD trade surplus, soaring 46.8% from last year. That was a huge slice of Vietnam’s total 24.8 billion USD trade surplus, cementing its influence on Vietnam’s balance of trade.
The US Supreme Court agreed on Tuesday to decide the legality of Donald Trump's sweeping global tariffs, setting up a major test of one of the Republican president's boldest assertions of executive power that has been central to his economic and trade agenda.