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Trade News
Trade News
21
Aug
The EU and US have issued a Joint Statement establishing a framework for fair, balanced and mutually beneficial transatlantic trade and investment. This Joint Statement confirms and builds on the political agreement reached by President von der Leyen and President Trump on 27 July.
The Joint Statement sets out the commitment on both sides to work towards restoring stability and predictability in EU-US trade and investment, for the benefit of businesses and citizens. It is the first step in a...
21
Aug
General
What are the main aspects of the Joint Statement?
The Joint Statement defines the new parameters for the EU-US trade relationship and brings back an important measure of stability and predictability in transatlantic trade for the benefit of businesses, workers and consumers on both sides.
The key commitments on both sides include:
• Application across the board of a maximum, all-inclusive 15% tariff ceiling for EU products subject to reciprocal tariffs. No additional tariffs will apply for products which are already subject to...
21
Aug
The United States and the European Union are pleased to announce that they have agreed on a Framework on an Agreement on Reciprocal, Fair, and Balanced Trade (“Framework Agreement”). This Framework Agreement represents a concrete demonstration of our commitment to fair, balanced, and mutually beneficial trade and investment. This Framework Agreement will put our trade and investment relationship – one of the largest in the world – on a solid footing and will reinvigorate our economies’ reindustrialization. It reflects...
19
Aug
By Simon Kaye, CEO, Jaguar Freight
In late July, the U.S. and EU reached a provisional trade agreement to avert what could have become a full-blown trade war. A central provision of the agreement was that the U.S. would impose a 15% tariff on most EU exports, which was significantly lower than the previously threatened 30%, but triple the average 4.8 percent that European goods faced before Trump took office in January. In return, the EU pledged significant financial and energy...
18
Aug
Last week, President Trump signed an executive order that extends the suspension of high U.S. tariffs on Chinese goods for another 90 days. Without the extension, tariffs would have returned to the peak levels of 145% on Chinese imports and 125% on U.S. goods that were seen in April. Since May, both sides have maintained reduced rates of 30% for the U.S. and 10% for China. Of course, what this means is uncertainty continues to prevail for now.
U.S. containerized imports surged...
11
Aug
In tariffs news… the main story is that many of the long-promised country-specific tariffs went into effect on August 7. Hopefully, supply chains can move forward with more certainty and the true market impacts can begin to be understood.
In an important country-specific update, President Trump issued an executive order (click to read) announcing an additional 25% tariff on India as punishment for importing Russian oil.
Speaking of market clarity for importers, as part of the U.S. Maritime Administration’s recently introduced...
11
Aug
Key Takeaways
• The White House has announced a broader set of country-specific tariffs, with some higher than expected, such as the 39% tariff on imports from Switzerland.
• We see announced tariffs as possibly resulting in a 4-percentage-point (pp) drag on 2025 MSCI AC World earnings growth.
• Combined with signs of economic slowdown, the tariffs could raise questions about how sustainable continued near-term upside is for equity markets.
In a new report from Citi Research, a team of equity strategists led...
08
Aug
Strong trade relationship with the United States
The United States has been one of Port of Antwerp-Bruges’ most important trading partners for over two decades. In 2024, the US accounted for approximately 10% of the port’s total maritime cargo traffic, with a trade volume of 28 million tonnes. Both import and export took place on a large scale, with slightly more imports than exports.
• Container traffic was the largest segment in transatlantic trade, totaling over 14 million tonnes of goods. Exports...
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