Anti-bribery

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Latest International Trade News

International Trade weekly highlights—26 February 2026

This week's edition of International Trade weekly highlights includes: the World Trade Organization establishing a panel on India automotive incentives and receiving a US tax appeal, the Trade Remedies Authority revoking countervailing duties on Egyptian glass fibre imports, the European Commission announcing a proposal for new steel regulation to address global overcapacity and Trump imposing the maximum tariff after Supreme Court rebuke.

WTO establishes panel on India automotive incentives and receives US tax appeal

The World Trade Organization (WTO) Dispute Settlement Body has agreed to establish a panel to review Indian measures concerning incentives for advanced chemistry cell batteries, automobile components, and electric vehicles following China's second request on 24 February 2026. China alleges India's incentive schemes discriminate against foreign businesses and violate national treatment principles and import substitution subsidy prohibitions, while India maintains its measures comply with WTO obligations. The United States has appealed the panel report in case DS623 regarding tax credits under the Inflation Reduction Act, with the panel report having been circulated on 30 January 2026. Additionally, the European Union submitted its first request for panel establishment concerning Chinese patent licensing measures for standard essential patents, alleging China's measures restrict patent owners' rights and undermine patent territoriality principles. China declined to accept the EU's panel request. Canada, Colombia, the European Union, Indonesia, Japan, Korea, Norway, Russia, Singapore, Thailand, Türkiye, the United Kingdom and the United States reserved third-party rights in the India-China proceedings.

TRA revokes countervailing duties on Egyptian glass fibre imports

The Trade Remedies Authority (TRA) has conducted a transition review and recommended that the Secretary of State for Business and Trade revoke the countervailing duty on imports of continuous filament glass fibre products from Egypt, and the Secretary of State accepted this recommendation with effect from 26 June 2025, the date the measure would otherwise have expired. The review, initiated on 20 March 2025, assessed whether the measure, one of 43 retained from the EU following the UK’s withdrawal, remained necessary to prevent injury from subsidised imports, examining the period from 1 January 2024 to 31 December 2024 and injury data from 1 January 2021 to 31 December 2024. The TRA concluded that there is no current UK production of the goods concerned and therefore no domestic industry at risk of injury, making revocation appropriate. The products covered include chopped glass fibre strands of not more than 50 ml and certain glass fibre rovings, which are used in wind turbine blades and in the marine, automotive, building and construction sectors; in 2024, the UK imported over £35m of such products, 7.5% of which originated in Egypt.

Trump imposes maximum tariff after Supreme Court rebuke

Law360, London: President Donald Trump imposed a temporary global tariff with several exemptions hours after the US Supreme Court struck down tariffs imposed under the International Economic Emergency Powers Act, then announced that he would increase the duty to the 15% maximum.

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