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International Trade weekly highlights—15 May 2025

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Published on: 15 May 2025

Published by a LexisNexis International Trade expert

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Article summary

This week's edition of International Trade weekly highlights includes: the World Trade Organization outlining a reform agenda and negotiation priorities ahead of 2026 Ministerial Conference, President Donald Trump and Prime Minister Keir Starmer announcing limited deal to cut tariffs, UK-US trade deal needing work on Pharma and IP, China and US temporarily slashing tariffs to 10% in key trade truce, the Department for Business and Trade concluding the consultation on US tariff response, the European Parliament adopting proposed changes to the EU Carbon Border Adjustment Mechanism, Caterpillar failing to bulldoze challenge to UK dumping probe and the Trade Remedies Authority recommending new steel import quota restrictions and tariff changes.

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