London and Washington have found a compromise that would not place US tariffs on British medicines — but only after the UK agreed to pay more for cutting-edge drugs.

The EU has approved a negotiating framework to implement tariff measures under the EU-US Joint Statement, aiming to reduce tensions and stabilize transatlantic trade.

China's dominance over raw materials for medicines presents a significant supply-chain vulnerability for the US. A US commission urges Congress to require pharmaceutical firms to report supply chain origins and encourage diversification away from China, highlighting the risks of over-reliance on a geopolitical rival.

The EU executive will unveil next week measures to cut the bloc's over-reliance on China for critical raw materials as Europe seeks to keep up with fierce global competition from the U.S. and Asia.

Global trade growth is slowing. The World Trade Organization reports a drop in its goods barometer. This follows a period where businesses ordered more goods to avoid US tariffs. While some sectors show stability, overall transportation of goods is cooling. Trade volume growth is expected to slow significantly this year and next.

Despite maintaining growth momentum during the past ten months of 2025, Viet Nam’s seafood exports, particularly freshwater fish to the United States are confronting increasing difficulties due to complex trade barriers.

For small companies caught in the global trade war, AI-equipped trading platforms can be one of the few defenses.

The United States on Wednesday granted a one-year extension of tariff exclusions for some Chinese industrial and medical imports, including equipment for making solar-energy products, as part of a U.S.-China trade truce agreed earlier this month.

South Korea’s ruling party has proposed a special Bill to implement the country’s US$350 billion (S$455 billion) investment pledges to the US, paving the way for American tariffs on South Korean automobiles to be lowered to 15 per cent starting from November.

India and the United States are holding virtual trade talks and a deal is expected to be locked before year end, Commerce Secretary, Rajesh Agarwal, Commerce Secretary, said on Friday.