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Trade News
Trade News
10
Feb
Import tariffs imposed by other countries tend to lower euro area inflation and weaken growth. However, the sectors most exposed are also the most responsive to interest rate changes. This means that monetary policy can help offset disinflationary pressures and support activity.
Tariffs are a tax on trade. The immediate impact falls on the country imposing them, as import prices rise and trade volumes fall. But trading partners can also be affected. On the one hand, higher import costs reduce...
09
Feb
Bernd Lange, chair of Parliament’s International Trade Committee and standing rapporteur for the US, has issued the following statement regarding the EU-US trade deal.
Following a Wednesday afternoon meeting of the committee’s shadow rapporteurs (i.e. political group representatives responsible for work on the legislation linked to the implementation of the Turnberry deal), Bernd Lange (S&D, Germany) said: “A majority of shadow rapporteurs of the International Trade Committee have today decided to resume work on the two Turnberry legislative proposals. A vote could...
09
Feb
The U.S. Trade Representative (USTR) recently announced three major trade and economic initiatives that the administration describes as part of a broader strategy to address large and persistent U.S. trade deficits, concerns about reciprocity in bilateral trade relationships, and other unfair trade practices, while deepening economic and national security cooperation and reinforcing Western Hemisphere supply chains. On January 29, a U.S.-El Salvador Framework for an Agreement on Reciprocal Trade was announced, which includes commitments to improve market access, regulatory...
06
Feb
On January 29, 2026, President Donald Trump issued Executive Order 14380 to impose an additional ad valorem duty on goods from countries that directly or indirectly sell or otherwise provide oil—that is, crude oil or petroleum products—to Cuba. Although the executive order, which took effect on January 30, 2026, appears broad in scope, it clarifies that the Secretary of Commerce will determine which countries directly or indirectly sell or otherwise provide oil to Cuba and convey that information to the Secretary of State,...
02
Feb
In this week’s Roar: The EU-India trade deal, a new FMC investigation, air cargo volumes, supply chain diversification, and a prediction for robots.
A new trade agreement between the EU and India has been hailed as the “mother of all deals” and has the world wondering how President Trump might respond. The pact is seen as a hedge against the ever-unpredictable U.S. trade policies, reduces tariffs on most goods, and deepens ties between the EU and India. Since the U.S. recently hiked...
30
Jan
In 2025, the U.S. Department of Justice (DOJ) made clear that tariff evasion and customs fraud now sit firmly within the core of False Claims Act (FCA) enforcement. The FCA is not only the government’s primary tool to combat fraud but also the most lucrative — in fiscal year 2025, for example, FCA settlements and judgments exceeded $6.8 billion — the highest annual total in the statute’s history.
Recently, the DOJ has clearly positioned “improper avoidance of tariffs and customs duties” as...
27
Jan
The EU and India concluded negotiations today for a historic, ambitious and commercially significant free trade agreement (FTA), the largest such deal ever concluded by either side. It will strengthen economic and political ties between the world's second and fourth largest economies, at a time of rising geopolitical tensions and global economic challenges, highlighting their joint commitment to economic openness and rules-based trade.
European Commission President, Ursula von der Leyen, said: “The EU and India make history today, deepening the partnership between the world's biggest...
26
Jan
In this week’s Roar: A comprehensive look at tariffs, the impact of policy volatility, tariff ruling timing, air cargo’s turbulent performance in 2025, and the challenges of disruptions for supply chains.
President Trump has been in office for a year,… and what a year it’s been for trade and global supply chains. Keeping track of tariffs and sorting through the noise has become a daily chore for many companies. The areas getting the most attention lately have been Europe and Canada, with the...
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