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Recent Editions

Risk Channel
North America
President Trump has announced a 25% tax on goods imported from Japan and South Korea, citing ongoing trade imbalances with these key U.S. allies. The tariffs are set to take effect on August 1st. In letters posted on Truth Social, he warned both nations against counter measures and emphasized the importance of maintaining fair trade relations, adding: “If for any reason you decide to raise your Tariffs, then, whatever the number you choose to raise them by, will be added onto the 25% that we charge." This move marks a significant escalation in U.S. trade policy, potentially impacting various sectors reliant on imports from these countries.
Full Issue
Risk Channel
UK/Europe
Apple has filed a lawsuit against the European Commission after being fined €500m for violating the Digital Markets Act. The company argues that the Commission's decision "go far beyond what the law requires," claiming it mandates how Apple operates its App Store, which could confuse developers and harm users. Apple has recently revised its App Store rules to comply with EU regulations to avoid daily fines of 5% of its average daily worldwide revenue, approximately €50m. The EU is currently seeking feedback from app developers regarding these changes. In a related matter, Apple was previously ordered to pay Ireland €13bn in unpaid taxes after a lengthy dispute.
Full Issue