Last week saw fresh adjustments to global trade policies.

A US federal appeals court has stayed the ruling against the 10% universal tariff, keeping the levy in force.

Positive outcomes emerged from the May 14 bilateral talks: the US permanently scrapped the 10% fentanyl-related tariff, extended the suspension of 24% punitive tariffs for another 18 months and halted relevant Section 301 probes into shipping and logistics sectors. China rolled back extra tariffs on US farm goods and vessels in return.

Mexico imposed tariffs ranging from 5% to 35% on 185 product categories targeting non-FTA partners. The EU also imposed anti-dumping duties of 29.1% to 42.3% on Chinese adipic acid to shield its chemical industry.

With global tariff rules constantly shifting and trade policies remaining volatile, enterprises are advised to track updates closely and optimize supply chains and cost budgets in advance.