United States

Japan

Economics

Global Trade

Politics

The White House released an executive order late on Sept. 4 with details on the U.S.-Japan trade deal, confirming a 15% tariff on most goods, including automobiles, as well as tariff exemptions for pharmaceuticals and certain natural resources, though the deal only vaguely outlines their investment agreement, with no timeline or clarification on the allocation of profits, Bloomberg has reported.

U.S., Japan: Details of Trade Deal Revealed, but Disputes Still Likely

Europe

Environment, Science & Technology

The European Commission on Sept. 5 issued a 2.95 billion euro ($3.5 billion) fine for Google over its advertising technology.

Europe, U.S.: European Commission Fines Google Over Ad-Tech 

United Kingdom

Spain

Military & Security

Spanish Prime Minister Pedro Sanchez is in London for his first bilateral meeting with his British counterpart Keir Starmer, The Guardian reported on Sept. 3.

U.K., Spain: Sanchez and Starmer to Sign Strategic Agreement in London

China

Taiwan Semiconductor Manufacturing Company announced on Sept. 2 that the U.S. Commerce Department had revoked a waiver for its plant in Nanjing, allowing it to import advanced chipmaking gear and technology from the United States.

U.S., China: U.S. to Stop Letting Asian Chipmakers Ship Equipment to Plants in China

U.S.-China Relations

Russia

India

In a Truth Social post on Sept. 1, U.S. President Donald Trump claimed that India had agreed to reduce its tariffs on U.S. goods to zero, though he did not specify when the offer was made, Bloomberg reported the same day.

U.S., India, China, Russia: Modi Meets Putin and Xi at SCO Summit

Israel

Palestinian Territories

Yemen

Israel-Hamas Conflict

Israel Defense Forces attacks on Yemen's capital Sanaa and other cities likely killed Prime Minister Ahmed al-Rahawi, The Times of Israel reported Aug. 29. Several other senior Houthi commanders were also reportedly killed in the attacks, which appeared to be separate from strikes a day earlier on the outskirts of Sanaa, which the IDF said targeted Houthi ministers.

Israel, Yemen: Israeli Strikes Likely Kill Houthi Prime Minister

Mexico

Mexico is set to raise tariffs on cars, textiles and plastics from China and other Asian countries to shield its businesses from cheap imports and appease the United States, Bloomberg reported Aug. 27.

Mexico, China, U.S.: Mexico To Impose Tariffs on Chinese Imports in Bid To Curry Favor With Washington

Americas

Argentina

Bolivia

Brazil

Canada

Paraguay

Uruguay

South American bloc Mercosur and Canada will resume talks for a free trade agreement, Brazilian and Canadian officials announced after a meeting in Brasilia, Valor Economico reported Aug. 25.


Mercosur, Canada: Mercosur and Canada Resume Trade Negotiations, but Talks Likely To Last

Snapshots

Participants of the Shanghai Cooperation Organization (SCO) Summit 2025 pose for photos in Tianjin, China, on Sept. 1, 2025.

Energy

U.S. trade uncertainty will help China deepen trade ties with its Central Asian neighbors and infrastructure ties with Russia, but its relations with India will remain inhibited by border disputes and differing defense priorities.

China Positions Itself as Growth Catalyst for Central Asia at SCO Summit

Assessments

A freight train carrying cargo containers rides along a railway track in Ajmer, India, on Aug. 26, 2025. 

While India will remain engaged in U.S. trade talks, a deal that secures relief from Trump's 50% tariff will remain elusive amid New Delhi's reluctance to reduce its agricultural protections and Russian oil purchases. 


U.S. Tariffs Strain India's Exports Amid Stalled Trade Talks

Sub-Saharan Africa

Middle East and North Africa

Asia-Pacific

Eurasia

South Asia

The Geopolitics of Trade

Geopolitical, security and environmental risks threaten to disrupt trade through crucial waterways, including the Bab el-Mandeb strait, the Suez Canal, the Danish and Turkish straits, and the Panama Canal.

The Geopolitics of Trade: Threats to Maritime Chokepoints Endanger Global Trade, Part 2

Diverse security risks threaten maritime chokepoints around the world, presenting unique challenges to international trade.

The Geopolitics of Trade: Threats to Maritime Chokepoints Endanger Global Trade, Part 1

Venezuela

Lebanon

United Arab Emirates

Indonesia

Singapore

South Korea

Vietnam

Mercosur is increasingly opening its markets in pursuit of free trade agreements with partners around the world, particularly as U.S. protectionism shifts global trade dynamics.

The Geopolitics of Trade: What Changing Trade Dynamics Mean for Mercosur

An oil tanker train passes near a refinery in Guwahati, India, on March 30, 2023. 

Russia-Ukraine Conflict

For now, India will likely keep importing cheap Russian oil in the hopes it can soon secure tariff relief, either directly via a U.S. trade deal or indirectly via a breakthrough in U.S.-Russia talks on Ukraine.

Will Trump's Tariffs Deter India From Buying Russian Oil?

Cyber

Protectionist and security-driven data regulations are impeding digital and physical trade, potentially slowing global economic growth and innovation.

The Geopolitics of Trade: Diverging Digital Governance Threatens Data Flows

Cambodia

Thailand

Poland

Ukraine

U.S. President Donald Trump speaks during a meeting with Philippine President Ferdinand Marcos Jr. in the Oval Office of the White House on July 22, 2025. 

A look at what the coming week will bring -- and a list of recommended RANE articles from the week that was.

The Weekly Rundown: Last-Minute U.S. Trade Talks, a New Polish President

Brazilian President Luiz Inacio Lula da Silva speaks during a press conference at the BRICS summit in Rio de Janeiro, Brazil, on July 7, 2025. 

While most of Brazil's main exports are exempt, the additional U.S. tariffs -- along with Brazil's impending economic retaliation and the likely arrest of former President Bolsonaro -- will further strain bilateral ties.

The Implications of Trump's New Tariffs on Brazil

The EU flag is seen on stacked cargo containers.

The framework deal avoids an escalation of tit-for-tat tariffs that would have strained both economies, but various unresolved issues could still reignite transatlantic trade tensions in the future.

New U.S.-EU Deal Averts Full-Blown Trade War -- For Now

Taiwan

A Cambodian soldier stands on a truck with a rocket launcher in Cambodia's Oddar Meanchey province, which borders Thailand, on July 25, 2025. 

The Weekly Rundown: U.S. Tariff Deadline Passes, Thai-Cambodian Border Tensions Persist

A photo taken on Feb. 21, 2025, shows Subaru vehicles bound for shipment at a port in Yokohama, Japan. 

The deal is a win for Japan's economy and its ruling party, but it may hasten Prime Minister Ishiba's exit. It will also help South Korea and Taiwan secure their own U.S. trade deals.

U.S. Trade Deal Is a Mixed Victory for Japan, a Template for Regional Partners

Global Trade

SITUATION REPORTS

U.S., Japan: Details of Trade Deal Revealed, but Disputes Still Likely

Europe, U.S.: European Commission Fines Google Over Ad-Tech

U.K., Spain: Sanchez and Starmer to Sign Strategic Agreement in London

U.S., China: U.S. to Stop Letting Asian Chipmakers Ship Equipment to Plants in China

U.S., India, China, Russia: Modi Meets Putin and Xi at SCO Summit

Israel, Yemen: Israeli Strikes Likely Kill Houthi Prime Minister

Mexico, China, U.S.: Mexico To Impose Tariffs on Chinese Imports in Bid To Curry Favor With Washington

Mercosur, Canada: Mercosur and Canada Resume Trade Negotiations, but Talks Likely To Last

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