News about International trade

The U.S. Customs and Border Protection agency said it will suspend duties imposed under the International Emergency Economic Powers Act effective Feb. 24, according to Logos Press.

Beijing is conducting a comprehensive assessment of the U.S. Supreme Court’s decision on duties and urged Washington to abandon unilateral trade measures amid growing global trade uncertainty, Logos Press reported.

PayPal has reported a massive data breach caused by a bug in its PayPal Working Capital (PPWC) business lending app, according to Logos Press.

Turkish President Recep Tayyip Erdogan has pledged to allocate a record amount of nearly one trillion liras (about $23 billion) to support agriculture in 2026 to strengthen the country’s position among the world’s leaders in the agribusiness sector, Logos Press reported.

About 11,000 railcars with grain have piled up in the direction of Odessa ports. The management of Ukrzaliznytsya considers the situation “almost critical”, Logos Press reported.

The results of laboratory tests indicate that the cause of dermatosis outbreaks in cattle in the French region of Hexagon (six provinces) is grain crops from Ukraine, Logos Press reports.

Hungary has decided not to stop exporting electricity to Ukraine despite recent threats and tensions in the energy sector over the termination of oil transit through the Druzhba pipeline, Logos Press reported.

The World Trade Organization (WTO) needs fundamental reform due to inefficiency, violation of international trade rules and inability to fulfill its role. World leaders are in solidarity with this, Logos Press reports.

Moldova Fruct Association estimates February stocks of marketable apples in fruit storages of Moldovan producers and traders at 100 thousand tons. Earlier this year, the estimate was 120 thousand tons, Logos Press reported.

Greece expects to become the main hub for liquefied natural gas exports to Europe after the EU’s rejection of Russian gas. It has three main trump cards for this, including ties with the US.

Slovakia’s threats to cut off electricity supplies to Ukraine from February 23 could create a dangerous capacity shortage in the common energy hub, which in winter conditions could lead to power outages or a sharp rise in tariffs, Logos Press reported.

Moldova is open to participation in the Caspian-Black Sea-Europe energy corridor project and is also considering the possibility of purchasing liquefied natural gas (LNG) from Azerbaijan, Logos Press reported.

UPDATED. Amid a U.S. Supreme Court ruling that found Trump’s already imposed duties illegal, the president of the United States has imposed new additional 10% import duties on all countries, Logos Press reported.

Amazfit has officially announced a new generation of rugged outdoor smartwatch, the T-Rex Ultra 2, according to Logos Press.

The volume of trade between Moldova and the State of Israel will increase significantly in 2025, reaching $53.84 million, up from $27.22 million in 2024, Logos Press reported.

The rules of origin of goods applied within the preferential trade between the Republic of Moldova and the Republic of Turkey, in order to align them with the modernized pan-European Mediterranean system and to facilitate international trade, have been updated, Logos Press reported.

The International Monetary Fund has called on the Chinese authorities to accelerate the transition from an export-oriented development model to an economy based on domestic consumption and sustainable growth in domestic markets, Logos Press reported.

In February, summer and fall wheat futures prices are higher than current quotations on exchanges in Europe and the United States, which is atypical in terms of seasonal dynamics of the grain market, Logos Press reports.

The price of oil has hit a multi-month high, driven by active US preparations for military action against Iran despite ongoing talks between the countries, Logos Press reported.

One of the world’s largest online platforms, eBay, has announced it is buying clothing resale platform Depop for $1.2 billion, part of a strategy to attract a younger audience and strengthen its position in the secondary fashion market, Logos Press reports.