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Trade News
Trade News
08
Jun
Global steel excess capacity continues to grow, driven by increasing subsidies in some major non-OECD steel-producing economies, while efforts to restore fair competition are increasingly undermined by circumvention of trade measures aimed at levelling the playing field, according to a new OECD report.
The OECD Steel Outlook 2026 projects global steel excess capacity to reach 745 million tonnes by 2028, exceeding the OECD’s current steel production by 319 million tonnes. Planned capacity additions of up to 139 million tonnes through 2028 represent...
08
Jun
The Council today adopted a regulation establishing a new framework to protect the EU steel market from the negative trade-related effects of global overcapacity, as outlined in the Steel and Metals Action Plan of 2025. The new rules will replace the current EU steel safeguard measure, which expires on 30 June 2026, ensuring continued protection for the EU steel sector.
" Steel is indispensable to Europe's industrial base, its green transition and its security. With today's adoption, the EU is putting...
05
Jun
Key Points
President Donald Trump’s “Strengthening Customs Enforcement” executive order directs CBP to overhaul customs enforcement, raising IOR eligibility thresholds and bond requirements for all entries.
The executive order draws a bright line between “U.S. IORs” and “foreign IORs,” imposing stricter eligibility, bonding, and informal entry restrictions on foreign IORs and tying benefits to CTPAT validation.
CBP must implement a “good standing” regime and overhaul the IOR registry within 180 days, using compliance history and customs liability payment records...
05
Jun
The Trump administration has recently made several trade policy and tariff litigation announcements affecting companies importing goods into the United States and downstream buyers: (1) the Department of Justice appealed the Court of International Trade (CIT)’s “universal” IEEPA refund order and submitted a filing to the CIT announcing that only unliquidated entries and entries within 90 days post-liquidation would be processed for refunds through the Consolidated Administration and Processing of Entries (CAPE) system; (2) the U.S. Trade Representative (USTR)...
04
Jun
Geopolitical rivalry does not end the need for trade cooperation, but the multilateral system must adapt.
For decades, the global economy rested on the premise that international trade was beneficial despite geopolitical differences. The rules of the multilateral trading system, established with the General Agreement on Tariffs and Trade (GATT) in 1947 and embedded in the World Trade Organization (WTO) in 1995, were crafted for a world where governments rarely used trade to achieve geopolitical goals. That world is now...
04
Jun
BOLSTERING DOMESTIC MANUFACTURING OF STRATEGIC METALS: Today, President Donald J. Trump signed a Proclamation adjusting certain metals tariffs to more effectively address national security threats, spur investment in American agriculture, housing, and manufacturing, and facilitate U.S. production of related products.
The Proclamation adjusts the tariffs on agricultural equipment, like combines and harvesters, as well as certain other equipment, from 25% to 15%.
The Proclamation also expands the existing category of industrial equipment subject to a 15% tariff to include mobile...
04
Jun
Key Points
USTR has proposed additional Section 301 tariffs of 10 – 12.5% on imports from all 60 economies under investigation for failing to impose and/or enforce forced labor import bans, affecting nearly all U.S. import trade by value.
Companies with global supply chains should immediately model the cost impact of these proposed tariffs across their sourcing footprint and evaluate whether their products may qualify for limited exemptions, including those for Section 232 goods, certain raw materials, and products posing economy-wide...
04
Jun
What happened?
President Trump issued a Proclamation on June 1 further modifying the Section 232 tariff regimes applicable to imports of aluminum, steel, copper, and certain derivative products. The Proclamation establishes a temporary tariff framework, effective June 8, 2026 through December 31, 2027, for certain products identified in Annex I-C, including a generally applicable 25% duty rate, alternative tariff treatment for products from specified trading partners, and special rules for qualifying United States–Mexico-Canada Agreement (USMCA) products.
This Proclamation also lowers the threshold for...