Category: Tariff News & Policy Updates
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India May Scale Back UK FTA Concessions Over Steel Duties A landmark trade pact runs into a wall of tariff-rate quotas Less than a year after India and the United Kingdom signed what both governments hailed as a generational free trade agreement, the deal is colliding with an awkward reality: a single British steel measure…
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On 3 June 2026, reporting from Brussels confirmed what European industry had been bracing for through a long, anxious spring: the European Union is preparing to warn its own citizens and companies that a trade conflict with China is now the most likely path forward. After a closed-door meeting of senior Commission officials, the message…
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On June 3, 2026, the U.S. Department of Agriculture confirmed something it had not seen in nearly sixty years: a living animal on American soil infested with the larvae of the New World screwworm. The host was a three-week-old calf in Zavala County, in the brushland of South Texas about 25 miles from the Mexican…
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The United States moved to open a sweeping new front in its trade agenda this week, with the U.S. Trade Representative determining that 60 economies together accounting for the overwhelming majority of America’s imports have failed to ban and enforce prohibitions on goods made with forced labor, and proposing additional tariffs of up to 12.5%…
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Australia’s red meat industry is entering the second half of 2026 with an unusual mix of confidence and caution. A new Chinese safeguard measure on imported beef capable of imposing a punishing 55 percent over-quota tariff once Australia’s annual allocation is exhausted is widely expected to bite as early as mid-June. Yet the prevailing message…
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On May 7, 2026, the U.S. Court of International Trade handed the Trump administration its second major tariff defeat of the year. In a 2‑1 decision in the consolidated cases of State of Oregon v. Trump and Burlap and Barrel, Inc. v. Trump, a three-judge panel held that Proclamation 11012 the President’s 10 percent across-the-board…
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A USD 1.1 Billion Lifeline for Canadian Industry On 4 May 2026, the Government of Canada unveiled what is now its largest single-day commitment to firms damaged by the cascade of United States metals tariffs that have transformed North American trade since early 2025. The package, announced jointly by Innovation, Science and Economic Development Canada…
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A window into how Washington is now buying American pharmaceutical capacity and what the Lebanon expansion tells us about the new U.S. industrial-policy architecture for pharma Eli Lilly is making another major investment in U.S. manufacturing, announcing plans to spend an additional $4.5 billion at two of its sites in Lebanon, Indiana. The headline figure…
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The Clock Is Ticking And Your Refund Dollars Are on the Line In three weeks, CBP opens Phase 2 of the tariff refund program. Thousands of importers will be eligible. Only a fraction will be ready. Will you be one of them? Right now, Phase 1 is still open, Every day you wait is money…
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Peacock Tariff Consulting | Trade Policy Brief | 25 May 2026 In a week when the world’s major economies are still arguing about export controls on fertiliser, baby formula and life‑saving medicines, two small, open economies have quietly doubled down on the opposite bet. Singapore and New Zealand have signed an updated Essential Supply Trade…