Category: Trade

BusinessPolicyTrade

UK Set to End Tax Advantage for Online Retailers in Budget Overhaul

The UK Treasury is preparing to eliminate a tax loophole that has given overseas retailers including Shein and Temu significant pricing advantages over British high street chains. According to reports, the change could generate up to £600 million annually in additional revenue while level the playing field for domestic retailers.

Budget Move Targets Import Duty Disparity

The Treasury is reportedly preparing to close a significant tax loophole that has allowed overseas online retailers to avoid import duties on small packages, according to government sources familiar with the matter. Chancellor Rachel Reeves is said to be targeting the measure as part of her November 26 Budget announcement as she seeks to strengthen public finances.

by Elisa Romero
MiningPolicyTrade

US and Australia Forge $8.5 Billion Critical Minerals Partnership to Counter China’s Dominance

The United States and Australia have signed an $8.5 billion critical minerals agreement aimed at reducing Western dependence on Chinese supplies. The partnership comes as Beijing tightens export controls on rare earth materials essential for defense and technology.

Landmark Minerals Agreement Signed

President Donald Trump and Australian Prime Minister Anthony Albanese have finalized what they describe as an $8.5 billion critical minerals deal at the White House, according to reports. The agreement positions Australia’s abundant rare earth resources as a strategic alternative to Chinese supplies at a time when Beijing is imposing stricter export controls.

by Nathan Cole