The Hong Kong Monetary Authority (HKMA) has launched an Expert Panel on Project Cargox  to strengthen Hong Kong’s digital trade finance ecosystem, leveraging cargo data through the Commercial Data Interchange… read more →

Tariffs are by no means a new concept, though they have gained a lot more prominence among everyday folk since US President Trump took office for his second term. 

The UK government has suspended third-country duty – also known as MFN tariffs on 89 products, expressing an ambition that the savings will be passed on to consumers.  Whilst timing of the press release appears to coincide with the imposition of 10% US tariffs applied in addition to existing most favoured nation (MFN) rates on most UK exports to the United States, the suspended tariff announcements are the outcome of a 2024 consultation.