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Trade News
Trade News
06
Jul
In this week’s Roar: The end of the USMCA, ocean carriers are increasing capacity, updates to the tariff refund portal, top supply chain technology trends, and amending the Direct Air Waybill Framework.
The U.S. has declared that it won’t extend the USMCA, which will trigger a 10-year countdown for the North American Trade Pact to expire in 2036. The move launches a six-year review at a time when U.S. officials are pushing for tougher regional content rules and new trade protections....
01
Jul
Global Ports
The Headlines: Even with the shaky MOU agreement in place, the impacts of the Strait of Hormuz closure are likely to take months to work through global ocean networks. But that is not the only ‘hotspot’ impacting ports. The Panama Canal terminal dispute remains an active geopolitical issue, with Panama’s takeover of the Balboa and Cristóbal ports contributing to regional tensions and the broader U.S.-China trade disagreements that have affected shipping operations around the world.
What’s Important: Two of the world’s...
30
Jun
What quotas have been put in place on steel imports into the EU and whom do they concern?
The EU's steel measure, which enters into application on 1 July 2026, reduces duty-free imports of 26 categories of steel products into the EU by an average of 47% as compared with the quotas under steel safeguard. As of 1 July 2026, a total of 18.3 million tonnes of steel will be allowed to enter the EU duty-free each year. Today's implementing...
29
Jun
From 1 July 2026, the EU will introduce a temporary €3 customs duty on low-value parcels imported from outside the EU, mainly through e-commerce. This includes a wide range of products commonly bought online, such as clothing, toys, electronics, and other consumer goods worth up to €150.
Every day, millions of low-value parcels enter the EU. Many contain products that do not meet EU safety standards or are undervalued or falsely declared to avoid customs duties. At the same time, the current customs duty exemption gives non-EU sellers an unfair advantage over businesses that manufacture...
26
Jun
On June 24, 2026, Customs and Border Protection (CBP) issued two Interim Final Rules indefinitely suspending the $800 de minimis duty exemption for all modes of importation of goods into the United States and establish a new informal entry and bonding process for international mail shipments. Public comments on these two interim rules are due to CBP no later than July 24, 2026. This indefinite suspension means that all such entries of low-value merchandise must utilize appropriate CBP entry procedures and are subject...
25
Jun
Today, the Council formally adopted two regulations implementing the tariff-related commitments set out in the EU-US Joint Statement of 21 August 2025. The adoption completes the legislative process and confirms the EU’s commitment to a stable, predictable and mutually beneficial transatlantic trade relationship, while preserving the necessary guardrails to protect European economic interests.
"We are committed to a strong and open transatlantic partnership with our historic ally, but openness must go hand in hand with safeguarding our interests. These measures achieve both, supporting...
16
Jun
On Tuesday, MEPs gave their final approval to two pieces of legislation implementing EU tariff commitments under the August 2025 EU-US joint statement.
Sunset clause: tariff preferences set to expire on 31 December 2029, unless renewed
Clear conditions set on tariff reductions on steel and aluminium derivatives
Safeguard mechanism to protect EU industry and agricultural sector
Sunset clause
The main regulation on industrial and agri-food imports will expire on 31 December 2029. By 30 June 2029, the Commission will make a...
12
Jun
The Council today agreed its position on strengthening the carbon border adjustment mechanism (CBAM), the EU’s tool to fight carbon leakage and promote global decarbonisation, ahead of negotiations with the European Parliament. The new framework would extend the CBAM’s scope to new products and close loopholes that may be used to circumvent the system
" The EU remains committed to reducing climate emissions both within the Union and globally. Strengthening the CBAM and closing loopholes that can circumvent our rules is...