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A close up image of a globe showcasing international trade developments this month, with numerous lines representing global connections.

International Trade Developments for This Month

08/16/2023
Businesspeople shaking hands, symbolizing a trade agreement or negotiation impacted by increased tariffs. - Supply Chain News

U.S. Increases Tariffs on Select Canadian Imports to 35 Percent

08/01/2025
Trump Administration Sets New Tariffs to Begin in One Week

Trump Administration Sets New Tariffs to Begin in One Week

08/01/2025
New U.S. Tariff Measures Reshape Trade Terms with Canada and Other Key Partners

New U.S. Tariff Measures Reshape Trade Terms with Canada and Other Key Partners

08/01/2025
United States Revises Import Tariffs on Canadian Goods to 35%

United States Revises Import Tariffs on Canadian Goods to 35%

08/01/2025
U.S. Raises Tariffs on Canadian Imports from 25% to 35% Under Executive Order

U.S. Raises Tariffs on Canadian Imports from 25% to 35% Under Executive Order

08/01/2025
Professional Logistics Network Inc. Nominated for Go Global Awards 2025

Professional Logistics Network Inc. Elevates Global Freight Forwarding with Next-Gen Digital Alliance

07/31/2025
Zoni American High School Nominated for Go Global Awards 2025

Zoni American High School Expands Global Opportunities Through U.S.-Based, Student-Centered Education

07/31/2025
Zoni American High School Nominated for Go Global Awards 2025

Zoni American High School Nominated for Go Global Awards 2025

07/31/2025
Professional Logistics Network Inc. Nominated for Go Global Awards 2025

Professional Logistics Network Inc. Nominated for Go Global Awards 2025

07/31/2025
UNISIL Nominated for the Go Global Awards 2025

UNISIL Nominated for the Go Global Awards 2025

07/31/2025
World Speedex Logistics Expands Global Footprint with Reliable Freight Solutions and Customer-Centric Innovation

World Speedex Logistics Nominated for the Go Global Awards 2025

07/31/2025
Compos Mentis Legal Practitioners, a leading Nigerian law firm with offices in Warri, Lagos, and Abuja, continues to set new standards in legal service delivery through innovation, strategic thinking, and a commitment to global best practices. Established in 2007, the firm has grown into a trusted name in dispute resolution, debt recovery, intellectual property, medical law, and corporate advisory. The firm holds the distinction of being the first Nigerian law firm certified to the ISO 9001:2015 standard, reflecting its dedication to quality management, transparency, and client satisfaction. This milestone reinforces Compos Mentis LP’s role as a trailblazer in legal professionalism, setting a benchmark for excellence across Nigeria and beyond. At the heart of the firm’s innovation strategy is Consultus Lawyer, a proprietary digital platform that allows clients—both local and international—to access legal services remotely. Through this platform, the firm provides affordable, high-quality support in a wide range of legal matters, including cross-border disputes and advisory services. Flexible pricing models ensure accessibility for diverse clients, including government agencies, public institutions, community trust boards, individuals, and small enterpr In 2024–2025, the firm recorded an 87.5% success rate across 24 litigation cases, a testament to its rigorous preparation and expert legal strategy. The firm's consistent results and sectoral expertise have been recognized through numerous accolades, including the Dispute Resolution Law Experts of the Year in Nigeria – 2025 by Global Law Experts and the Regional Law Firm of the Year at the 2024 ESQ Legal Awards. Compos Mentis LP has also earned multiple Mondaq Awards in 2024 and 2025 for its contributions to legal thought leadership, particularly in intellectual property and immigration law. These recognitions underscore the firm’s ability to blend deep legal insight with a forward-thinking approach to knowledge sharing. Beyond its commercial achievements, Compos Mentis LP is deeply committed to social responsibility. The firm provides pro bono legal services to indigent individuals and supports host communities in the Niger Delta with legal representation and governance advisory. It also invests in talent development, fostering the next generation of legal professionals through mentorship and continuous learning opportunities. As Compos Mentis LP expands its reach and digital capabilities, it remains grounded in its core values: excellence, access to justice, and service to the community. With a proven track record, global outlook, and commitment to legal empowerment, the firm is positioned as a leader in Nigeria’s evolving legal landscape. To learn more, visit: https://compos-mentis.com #ComposMentis #LegalInnovation #DisputeResolution #AccessToJustice #ConsultusLawyer #ISO9001Certified #RuleOfLaw #NigeriaLegal #LawFirmOfTheYear #GlobalLegalStandards

Compos Mentis Legal Practitioners Nominated for Go Global Awards 2025

07/31/2025
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International Trade Developments for This Month

by Daisy D.
08/16/2023
in Artificial Intelligence in Trade, Compliance, Data & Analytics, Economic Indicators, Export Controls, Global Trade, Import/Export Statistics, Industry, International Relations, Market Trends, Risk Management, Sanctions, Sourcing, Tariffs & Duties, Trade Agreements

This news item is brought to you by the Centre for Regions, Trade, and Geopolitics, providing a balanced overview of recent global trade updates.

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U.S. Increases Tariffs on Select Canadian Imports to 35 Percent

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Top International Trade Stories:

  1. Ukraine Initiates ‘Humanitarian Corridor’ for Grain Exports Amid Challenges Ukraine has announced the establishment of a “humanitarian corridor” in the Black Sea to facilitate the release of cargo ships that had been stranded in Ukrainian ports following the dissolution of the Black Sea Grain Initiative. However, doubts remain about the feasibility of this solution, according to reports from experts in the shipping and insurance sectors, as reported by Reuters.

The recent withdrawal of Russia from the Black Sea grain agreement and their subsequent blockade on Ukraine have disrupted the export of over 32 million tons of corn, wheat, and other grains, as reported in our previous monthly trade update.

While Ukraine has initiated the registration of ships intending to use this humanitarian lane, there have been reports of Russian warships firing warning shots at cargo vessels in the area.

One source in the insurance industry expressed concerns, stating, “Insurers and their backing banks will have to agree to the humanitarian corridor, and they may express reservations regarding the associated risks.”

  1. Services Trade Outpaces Merchandise Trade Amid Export Restrictions, Reports WTO Two recent reports from the World Trade Organization (WTO) indicate that services trade is experiencing more positive growth compared to merchandise trade, which has been hampered by export restrictions on food and fertilizers.

The WTO’s Trade Monitoring Report covering the period from October 16, 2022, to May 15, 2023, highlights a significant decline in merchandise trade during the fourth quarter of 2022 and its continued below-average performance in the first quarter of 2023. The report also notes a notable increase in export restrictions since 2020, with 63 such regulations in place on food, feed, and fertilizers. While there were 182 rules aimed at facilitating trade, the report emphasizes that import restrictions remained prevalent, affecting 9.2% of global imports by the end of 2022.

However, services trade showed robust growth of 15% last year, surpassing the 2.7% increase in merchandise trade, as reported in the WTO’s World Trade Statistical Review 2023. The combined trade in goods and services reached $31 trillion, marking a 13% increase over the previous year.

Commercial services, particularly travel and computer services, experienced significant growth, with travel surging by 91% compared to pandemic-affected 2020 levels. Additionally, the Trade Monitoring Report notes the introduction of 74 trade services measures during the October-May period, primarily designed to facilitate trade.

Green trade is also prospering, with WTO members introducing numerous economic support measures to promote renewable energy and environmental sustainability.

  1. Brief Highlights from Around the World
  • Lengthy delays for commercial ships transiting the Panama Canal due to a severe regional drought, highlighting climate change’s impact on global trade.
  • China’s exports and imports experienced substantial declines of 14.5% and 12.4%, respectively, in July, attributed to weak global demand.
  • The White House restricts US investment in three Chinese tech sectors to prevent support for sensitive military and intelligence technologies.
  • India imposes sudden import restrictions on laptops and tablets to promote domestic manufacturing.
  • Japan and Qatar enhance trade and investment ties, focusing on areas of mutual interest.
  • Disagreements between Japan and the US over whaling provisions strain their trade agreement.
  • AI may aid exporters by streamlining information access, reducing disparities among WTO members.
  • Switzerland and Singapore deepen collaboration on fintech, with Swiss FDI in Singapore doubling over five years.
  1. Additional Trade Insights
  • Record temperatures drive up food prices, impacting products like soybeans, olive oil, and rice.
  • Climate-focused foreign direct investment (FDI) is crucial for supporting climate adaptation and mitigation efforts in developing countries.
  • The US government’s long-term credit rating faces a downgrade by a leading rating agency, potentially affecting its borrowing capacity and investment attractiveness.

Stay informed with the latest developments in international trade through our monthly updates.

Stay current with supply chain report news at The Supply Chain Report. For international trade tools, see ADAMftd.com.

#UkraineGrainExport #HumanitarianCorridor #BlackSeaGrainInitiative #RussiaUkraineTrade #WTOReports #ServicesTradeGrowth #MerchandiseTradeChallenges #GlobalTradeUpdates #ExportRestrictions #FoodAndFertilizerTrade #WTOTradeMonitoring #ClimateImpactOnTrade #ChinaTradeDecline #USChinaTradeRelations #IndiaImportRestrictions #JapanQatarTrade #SwitzerlandSingaporeFintech #ClimateChangeTradeImpact #RenewableEnergyTrade #FDIInTrade #AIInExport #InternationalTradeNews #TradeInsights #SupplyChainChallenges

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