China escalated its counter-measures this week, sanctioning 56 U.S. companies — including rare-earth miners, defense-linked firms, and Alibaba's U.S.-facing entities — in direct retaliation for a Pentagon "CMC List" designation. The sanctions impose asset freezes within China and prohibit any Chinese entity or individual from conducting business with the listed firms, effective June 30. Alibaba se
U.S. Customs and Border Protection issued two new Withhold Release Orders on June 23 targeting garment producers Needle Craft Ltd. and Casual Wear Apparel LLC in Jordan, and confirmed a separate WRO against Serbia Zijin Copper — the second Serbian operation targeted in six months. WROs immediately trigger detention of all shipments at U.S. ports of entry, requiring importers to either re-export go
The EU gave final Council approval on June 25 to legislation implementing the July 2025 EU-US tariff framework, meeting Trump's July 4 deadline by days. Under the deal, the EU removes import duties on all U.S. industrial goods and grants preferential access to U.S. seafood and agricultural products; the U.S. caps tariffs on most EU exports at 15%, covering autos, pharmaceuticals, and semiconductor